FASA

The Japanese postal, banking and insurance conglomerate had a net loss attributable to the company of 28.98 billion yen (U.S. $261 million), less than the 40 billion yen loss it was projecting last month.

There is only a “negligible” chance of a Jan. 1, 2020 deadline for all ocean vessels to begin using low-sulfur fuel being postponed, according to Edmund Hughes, head of air pollution and energy efficiency at the International Maritime Organization.

U.S. Secretary of Transportation Elaine Chao told a Chamber of Commerce forum the nation’s transportation infrastructure is in need of repair, and the Trump administration will share its infrastructure investment plan in the next several weeks.

U.S. District Judge William Alsup said Uber likely knew or should have known that Anthony Levandowski took and retained possession of Waymo’s confidential files, but Waymo’s patent infringement accusations proved meritless.

The Pacific Coast Council of Customs Brokers and Freight Forwarders Association says Kevin McAleenan, President Trump’s nominee for commissioner of Customs and Border Protection, has earned its support over 10 years of engagement with the trade community.

The 20,170-TEU MOL Triumph docked at the HHLA Container Terminal Burchardkai (CTB) in the Port of Hamburg on Monday, making it the first vessel with capacity of more than 20,000 TEUs to ever call the German port.

The terminal operator arm of state-owned conglomerate China COSCO SHIPPING handled 8.6 million TEUs in April 2017, a sharp increase from 7.8 million TEUs in the same 2016 period.

The British International Freight Association named policy and compliance officer, while Hendry Marine Industries launched its new business development team.

Monitoring by the U.S. Federal Maritime Commission, however, shows individual ocean carriers within each vessel sharing alliance continue to “independently and vigorously compete on pricing,” according to Acting FMC Chairman Michael Khouri.