The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to just over $501.2 million.
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AirBridgeCargo Airlines (ABC) appoints vice president of its Americas division, while Crane Worldwide names six new VPs, and Virgin Atlantic Cargo adds account manager in Sydney.
Greencarrier Freight Services appoints chief executive officer, and Alaska Airlines names vice president of airport operations and customer service.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.