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The state-owned ports of Piraeus and Thessaloniki are potential targets for privatization in a new bailout deal with the European Union, according to reports from Reuters and Maritime Executive.
The Federal Maritime Commission's report was based on feedback from industry leaders at four public forums held around the country to gauge the impacts of port congestion and examine possible solutions going forward.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.