The Germany ocean carrier has taken ownership of the last of a series of 17 ultra-large vessels first contracted in 2013 by UASC, and has consequently sold three of its oldest vessels for recycling.

The National Defense Transportation Association’s board of directors selects the next vice president and chief executive officer of the association, while Falcon Maritime and Aviation hires director of sales.

The Singapore sovereign wealth fund Temasek, which owns terminal operator PSA International, is backing logistics and trade management software provider BluJay Solutions with an investment that values the firm at $700 million.

The project will see the terminal operator and drayage appointment system provider collaborating to take unnecessary steps out of the cargo availability and appointment process.

The freight forwarder and customers broker firm will integrate Waters Shipping Co.’s staff and services at its Wilmington, N.C. branch office, CV International said in a statement.

Millennium Bulk Terminals-Longview has been denied an integral permit for its coal terminal project in its quest to establish an export facility on the Columbia River.

The China-based e-commerce marketplace revealed its intentions to invest 100 billion Chinese Yuan Renminbi (U.S. $15.2 billion) over the next five years to expand its logistics network, and its plans to up its stake in Cainiao next month.

The newly formed Riyadh-based BahriBolloré, a joint venture of Bahri and Bolloré Logistics, is part of Saudi Arabia’s plan to establish itself as a global logistics gateway.

After Boeing submitted a complaint regarding Canadian aircraft producer Bombardier’s sale of its C Series jet to Delta last year, the Department of Commerce has preliminarily determined to add a 220 percent tariff to the cost of the aircraft.

The Norwegian car carrier has agreed to pay the U.S. $21 million in fines regarding an antitrust investigation initiated by the U.S. Department of Justice in 2012.