Archer Daniels Midland Company today announced that it has acquired five oceangoing dry-bulk commodity vessels, ranging in length between 587 and 738 feet. The five carriers provide cargo-carrying capacity between 36,000 tons...
Read MoreNorwegian shipping tycoon John Fredriksen plans to set up a low-cost container shipping line modelled on budget airlines, his top aide told Reuters on Thursday. “We could start out with 10-20 ships,” Troim said,...
Read MoreIsrael Corporation subsidiary Zim Integrated Shipping Services Ltd., burdened by $3.5 billion of debt, is nearing completion of an arrangement with its creditors. After Israel Corp. postponed by two weeks a shareholders meeting...
Read MoreMaersk Line, the world’s largest ocean container carrier, is shifting into the breakbulk and out of gauge equipment market as the global recession depresses the container market. Maersk purchased more than 10,000 new-build...
Read MoreThe Great Recession has only strengthened China’s position as an exporting powerhouse and its economy may be stabilizing, if not recovering, faster than elsewhere. But will Puget Sound ports be well positioned in the big...
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