The United Seamen’s Service’s 2016 Admiral of the Ocean Sea Awards will be presented to a ferry operator, union leader and a chairman of a classification society at the Sheraton New York Times Square Hotel Oct. 28.
The collision in northern Texas left one injured and three missing Tuesday morning.
The Oakland, Calif. City Council passed an ordinance to ban the storage and handling of coal and coke at bulk terminals in the city, representing the latest blow to Terminal Logistics Solutions’ plan for a dry bulk terminal to handle coal and other goods.
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The French ocean carrier said it intends to have Singapore’s Neptune Orient Lines delisted from the Main Board of the Singapore Exchange as it pushes forward to acquire all of the shipping company’s shares.
Since a February low, total returns on shares of A.P. Moeller-Maersk A/S have climbed 24 percent despite declining oil and freight rates, and as of Tuesday, only four of 29 analysts recommended selling the stock.
The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.