FASA

The boxship APL Jeddah lost power and hit the number 58 berth at the Taiwanese port last Friday, according to a report from Seatrade Mariitme.

Operations at the Netherlands-based FedEx subsidiary are slowly but surely coming back online after experiencing havoc late last month when a computer virus ravaged critical business systems.

The liquid bulk carrier Argent Cosmos, a seven-year-old, 557-foot vessel managed by Singapore-based Tokyo Marine Asia, was loaded with over eight million gallons of ethanol and other chemicals when it ran aground July 6 near Skamokawa, Wash.

The South Korean ocean carrier signed a memorandum of understanding with Saigon Newport Corp. for the joint development of port and container depot facilities in Vietnam.

The United States increased its amount of beef, pork and lamb exports in terms of volumes and value in May compared to a year prior, according to data from the U.S. Department of Agriculture and the U.S. Meat Export Federation.

Janel Group, Inc. names new president, while the U.S. Army Corps of Engineers, Charleston District appoints new commander.

For some shippers, data capability and accuracy are becoming as important as service and pricing when differentiating between transportation service providers.

After the purchase, container carriers COSCO Shipping Lines and OOCL will continue to operate under their respective brands, with a combined fleet of 400 vessels with capacity exceeding 2.9 million TEUs including orderbook, the companies said Sunday.

Under the terms of the deal, Chinese conglomerate COSCO Shipping will own 90.1 percent of Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, while Shanghai International Port Group will hold the remaining 9.9 percent.