Nippon Yusen K.K., Japan’s largest shipping line, is looking to acquire a company involved in deep-sea oil and gas operations amid the drop in commodities prices, according to Hitoshi Nagasawa, head of the company’s energy division.

The world’s biggest ocean shipping container manufacturer plans to raise as much as 6 billion yuan (U.S. $928 million) to fund an expansion of a business park in Shenzhen and other assets.

Although airfreight volumes fell compared to last February, the results were skewed from the impact of the U.S. port strikes in early 2015, which caused a surge in airfreight volumes, along with Chinese New Year falling in February this year.

Norwegian shipping company DSD Shipping has been sentenced to pay a $2.5 million fine resulting from convictions in Mobile, Ala., for dumping oily waste and garbage into the sea, according to the U.S. Justice Department.

Longshore workers at Greece’s largest seaport walked off the job on Friday, shutting down container terminals, and marched in central Athens in protest against the government sale of Piraeus Port to China COSCO.

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and UASC issued general rate increases.

The Port Authority of New York and New Jersey has issued a request for proposals to develop a long range plan to guide future growth and development of the port’s 3,000 acres of marine facilities for the next 25 to 30 years.

Regal Logistics has expanded its warehousing footprint near the Port of Charleston to 800,000-square feet with the opening of a second facility.

Canadian Pacific Railway has terminated efforts to acquire the number four U.S. railroad, including the withdrawal of a resolution asking NS shareholders to urge its board to engage in negotiations, according to a statement from the company.

The “K” Line container terminal will have its berth rebuilt and four cranes added so that it will be capable of working two ultra-large 18,000-TEU containerships simultaneously.