U.S. President Barack Obama held an open forum with young entrepreneurs on the economic benefits of the 12-country Trans-Pacific Partnership free trade agreement yesterday in Ho Chi Minh City, Vietnam.

The European port saw container volumes fall 3.4 percent year-over-year for the first quarter of 2016 to 2.2 million TEUs, primarily due to the slow start in container traffic with China and Russia early in the year.

The Swiss-based freight forwarding and logistics company is best known for its air and freight forwarding business, but has successfully added warehousing and distribution, along with related outsourced services, to its portfolio over the years.

South Korean shipping conglomerate Hyundai Merchant Marine, which said it is continuing efforts to stabilize its business, predicts that normalization of its business is only a matter of time.

The German ocean carrier decided to postpone its annual general meeting originally scheduled for June 1 for a later date, due to continuing talks with UASC about a combination of their container shipping activities.

The Lake Oswego, Ore.-based railroad transportation equipment manufacturer has as entered into an agreement to acquire a 19.5 percent ownership stake in Amsted-Maxion Cruzeiro for $10 million.

The U.S. Federal Maritime Commission has received eight ocean transportation intermediary license applications and changes for review.

CSX shuffles senior labor relations and network operations management, while Metro Ports appoints director of northern California and the Pacific Northwest.

Although harvesting has picked up in West Africa, bean deliveries in top grower Ivory Coast continue to lag behind last season’s pace.