FASA

The Athens-based shipowner attributed a sharp decline in earnings primarily to the impact of ocean carrier Hanjin Shipping’s bankruptcy, which resulted in $22 million in lost operating revenue, as well as a weaker charter market for containerships.

A bipartisan group of 10 U.S. senators is urging Commerce Secretary Wilbur Ross to seek “fair competition” for U.S. imports of Mexican sugar, “rather than restricting commerce and increasing prices.”

U.S. Transportation Department’s Deputy Secretary Jeffrey Rosen has been tapped by Secretary Elaine Chao to head the department’s Regulatory Reform Task Force.

“While we’ve always been a freight forwarder, the bulk of our business has been driven by northbound transportation into the Canadian market,” Purolator International President John Costanzo said of the new service.

Bound for the North Atlantic trade, 96 new reefer container were delivered to Samskip in Rotterdam with additional reefers to be delivered by June 5.

Set to commence in July, the new route operated by Virgin Australia will offer bellyhold capacity on five Airbus A330-200 flights a week between Asia and Australia.

The Japanese shipping company joined up with the Norwegian technology company to bring automation and “big data” analysis on-board at sea.

Rep. Alan Lowenthal, D-Calif., says he wants freight infrastructure to “declare its independence” from the Obama administration’s Fixing America’s Surface Transportation (FAST) Act because it is too closely tied to highway funding for states.

Despite a $16 million aggregate financial loss for ocean carriers in the first quarter, London-based maritime consultant Drewry is projecting a $1.5 million profit for the industry and may even upgrade that prediction going forward.

Direct ChassisLink, Inc. names president, Kansas City Southern adds four new members to its board of directors, and Genesee & Wyoming appoints board chairman.