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Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
ZIM has appointed a president to lead its newly established U.S. agency, while SEKO names chief client solutions officer.
The international freight forwarder and logistics provider acquired RSH Freight Master Limited and subsidiary Principal Freight Limited, Hounslow (Heathrow) July 1.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.