The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
Members of the U.S. Federal Maritime Commission vote in favor of requesting additional information from the four shipping companies planning to create the Ocean Alliance.
The South Korean ocean carrier submitted a financial improvement plan to the state-run Korea Development Bank Thursday, but did not reveal details on the plan.
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The ocean shipping e-commerce platform saw first half transactions across its platform increase 17 percent year-over-year, compared to less than 4 percent growth in overall container volume through May.
The U.S. Department of Agriculture’s Foreign Agricultural Service established a new Office of Agricultural Affairs at the U.S. embassy in Rangoon, Myanmar (Burma).
APM Terminals has agreed to a $43.2 million “reparation” payment to avoid losing its concession at Puerto Quetzal in Guatemala despite the fact that alleged offences occurred before the company took over the terminal earlier this year.