Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating costs."
Orient Overseas Container Line’s parent company said it is not aware or involved in any bid relating to the company or OOCL.
Kansas City Southern’s net income fell 1.1 percent to $479.9 million for the full year in 2016 on revenues that slid 3.5 percent compared to the previous year, according to the company’s most recent financial statements.
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Liberty Woods International filed a lawsuit in personam against Dalia Ship Holding and in rem against Dalia’s ship, the Ocean Quartz, seeking $1.4 million for damage it said occurred to shipments of plywood.
However, the Federal Aviation Administration said it will no longer require U.S. airlines to make pre-boarding notifications to passengers that the fire-prone Samsung Galaxy Note7 mobile phones are prohibited on board all aircraft.
The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.