FASA

The Taiwanese ocean carrier will offer the shares to existing shareholders, Yang Ming employees and the general public as part of the company’s ongoing recapitalization plan.

The now-detained MSC Alice reportedly severed a fiber optic cable that supplies Somalia’s internet late last month and government authorities have yet to bring the country back online, according to multiple news sources.

The French shipping conglomerate and Antwerp, Belgium-based refrigerated container transport specialist Seatrade Group have agreed to offer a combined weekly reefer service between Europe and Oceania starting in October.

The National Transportation Safety Board has released a preliminary report on the June 27 incident in Washington, D.C., in which two CSX employees were struck and killed by an Amtrack train.

The Dubai-based global port terminal operator has agreed to take over a terminal at the south of France port that will focus initially on feeder services in the Mediterranean.

Greenwhich, Conn.-based third-party provider XPO Logistics has said that it plans to spend over $30 million renovating the 1.2 million square foot warehouse, and hopes to open it by the end of 2018.

The latest time charter agreement between Maersk Line and Athens-based ship lessor Diana Containerships is for a 6,541 TEU post-Panamax container vessel for a period of up to 18 months.

The new agreement comprises the management of three 8,400-TEU container vessels and includes crew and technical management, plus additional services relating to safety/security, environmental protection and energy efficiency.