The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act is sponsored by U.S. Sens. Roy Blunt, R-Mo., and Mark Warner, D-Va.
London-based Shipamax, a participant in the logistics technology accelerator Dynamo's initial program last year, is aiming to digitize dry bulk broker processes.
The Senate Commerce Committee cited "labor-related concerns" with the Federal Maritime Commission's pilot supply chain information portal project, but said supply chain innovation teams will continue work this summer, focusing primarily on U.S. exports.
Registration takes less than 1 minute.
The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
The Hamburg-based maritime services provider's owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.
The Japanese postal, banking and insurance conglomerate had a net loss attributable to the company of 28.98 billion yen (U.S. $261 million), less than the 40 billion yen loss it was projecting last month.