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Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
The Korean ship builder and global consultant will work together to create a connected ship that leverages the "Internet of Things" to improve operational efficiency.
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.