Daewoo Shipbuilding & Marine Engineering bondholders have approved a debt-for-equity swap as a condition of a 2.9 trillion won funding package from the Korea Development Bank and Export-Import Bank of Korea.
NileDutch to use ClearMetal predictive platform
Liner and breakbulk carrier NileDutch will use ClearMetal’s machine-learning approach to fleet and container utilization improvement.
DHL to acquire Brazilian transport services provider
DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
AIIS: U.S. steel exports rise in February
The United States exported 827,559 net tons of steel in February, a 1.1 percent increase from January and a 6.2 percent jump from February 2016.
Haven’s planned path toward TMS
The global logistics startup Haven was previously known as an ocean freight marketplace, but used that platform as data discovery to build a collaborative workflow system.
JDA builds on visibility ecosystem
Supply chain solutions provider JDA established a new TMS integration with MacroPoint, and extended its existing TransVoyant partnership to forecasting, replenishment and manufacturing.
UP to invest $923.1m in rail infrastructure across five states
The Omaha, Neb.-based Class I railroad’s investment plans stemmed from its $3.1 billion capital plan for 2017, which was approved early in February.
Port of Antwerp’s tonnage increases from container growth
The Belgian port experienced the best month on record for containers in March.
Peloton lands $60m in funding for automated vehicle tech
Mountain View, Calif.-based connected and automated vehicle technology provider Peloton Technology recently closed a $60 million Series B funding round led by fleet management solutions provider Omnitracs and existing investors, the company said.
Platten: Physical customs border a ‘nightmare scenario’ for post-Brexit UK shipping
The introduction of physical customs checks following the United Kingdom’s withdrawal from the European Union would be a “catastrophe” for ports and trade volumes in the UK, according to Guy Platten, CEO of the UK Chamber of Shipping.