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The builders of the new locks will reinforce the sills in all the locks, even where no leaks observed, and still expect to meet their April 2016 deadline, according to a statement from the Panama Canal Authority.
After the seasonal suspension of the alliance's transpacific CC2 service, G6-operated loops from Asia to the West Coast of North America will deploy 7 percent less capacity in the trade.
Dry bulk and container shipping sectors are those most likely at risk of damage from the economic slowdown in China, while the tanker industry should prove to be resilient, according to a new report from Fitch Ratings.
The fund will be held and administered by the Seamen’s Church Institute, North America’s largest mariners’ service agency, following the structure put in place by TOTE.
The entire investigation into the loss of TOTE Maritime Puerto Rico ship will take 12-18 months, but the NTSB will release findings on an "as needed" basis in advance of its final report.
The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.