Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL issued general rates increases.

The international oil shipping services provider’s net profits for the first quarter of 2016 soared 40.4 percent year-over-year to $113.5 million.

Econocaribe has become one of the biggest NVOs in the U.S. market during its 28 years, but the company is now fully integrated in name and operations with parent company ECU Line.

China COSCO Holdings Co. Ltd., which now includes the combined operations of China Shipping Container Lines Co., reported losses in both its container shipping and dry bulk operations during the first quarter as rates in both segments plummeted.

Importing cargo from Asia to Central Europe is more sustainable when done through big ports in the north than through southern Europe, which requires longer hinterland routes, according to a new study by Netherlands-based research firm Panteia.

More than 100 neopanamax ships have already made reservations to transit the waterway’s new larger locks following the historic inauguration and first voyage, according to the Panama Canal Administration.

The container terminal operator posted a cargo throughout of 15.5 million TEUs at its container terminals in the first quarter of 2016, a 2.4 percent increase from the same 2015 period on a like-for-like basis.

Although activity slowed in the first quarter, total deal value for mergers and acquisitions in the transportation and logistics sector was still up 26 percent compared to first quarter 2015, according to a new report from PricewaterhouseCoopers.

The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA CGM and Neptune Orient Lines subsidiary APL are currently members.

The tank barge operator posted net earnings attributable to shareholders of $38.1 million on revenues of $458.7 million, year-over-year drops of 37.6 percent and 21.9 percent, respectively.