Day: December 7, 2015

CMA CGM offers $2.4 billion to take over Neptune Orient Lines (NOL)

Dec 7, 2015

CMA CGM SA offered to buy Singapore’s Neptune Orient Lines Ltd. for S$3.38 billion ($2.4 billion), creating a container shipping line with stronger Asian and U.S. routes that narrows the gap with market leader A.P....

NY-NJ port terminal battles congestion

Dec 7, 2015

Heavy volume has been causing long delays for trucks at the only major New York-New Jersey container terminal accessible to ships that are too tall to squeeze under the Bayonne Bridge. Truckers have complained of turn times of...