The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.
DSV will acquire Panalpina in an all-stock deal to create the world’s fourth-largest freight forwarder.
Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.
Complaining about service quality, the shipper group says the current regulation that allows vessel sharing “does not fulfill its own objective” and should be amended or repealed.
Prime Minister May now has until April 12 to seek a longer extension to the negotiation process to avoid a “no deal” Brexit.
Funds will be used to repay debt and for capital expenditures, mainly on vessels.
The surge in imports as shippers “pulled forward” cargo in December is reverberating into this year and has set a high bar that will be hard to match in late 2019.
The International Transport Forum says its “views are grounded in data, evidence and economic research with the objective to foster efficient transport solutions that serve citizens.”
The Turkish port operator is one of the finalists trying to become the operator of one of the largest and most automated terminals in the U.S.
The fifth-largest container carrier wants to be “number one for quality” and increase digital initiatives.
CEO Rodolphe Saadé said the shipping line is reinforcing its efforts to “develop ever more efficient and environmentally friendly vessels.”
Container carrier trade association says an OECD International Transport Forum report should be disregarded by European regulators looking at shipping regulation.
Taiwanese carrier says results were “significantly impacted” by fuel prices and that it is “cautiously conservative” on its outlook for 2019.
The harbor commission delays a vote on permitting APM Terminals to automate its Pier 400 container terminal during a hearing that drew more than 2,000 people.
The South Korean shipping company will share the cost of installing scrubbers on its ships with the government and suppliers of equipment and fuel.
The shipping line carried a record number of containers and has entered into a cooperation agreement with Maersk and MSC on several trades it says will reduce costs.
The California Trucking Association is continuing to challenge a California Supreme Court decision that it says amounts to an “essential outright ban on independent contracting.”
The ITF and WSC issue reports to support their competing views as European regulators weigh extending antitrust protection for vessel-sharing arrangements.
World Shipping Council CEO John Butler says breakthroughs will be needed to reduce greenhouse gas emissions.
Maersk, which has been reducing its holdings in Total over the past year, says it sold shares worth about $1 billion.