FASA

Transport Minister Kang Ho-in called the walkout by more than 7,000 unionized truckers “unjustified” and “an act of betrayal,” vowing swift action against participants, according to a report from Korea’s Yonhap News Agency.

Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL adjusted freight rates on various trades.

An increasing amount of shippers are requesting “hidden” financial data from carriers, following weak carrier financials and Hanjin’s bankruptcy filing, according to shipping research and consulting firm Drewry.

Negotiators for the Transatlantic Trade and Investment Partnership, a trade agreement between the United States and the European Union, remain optimistic that an agreement will be reached, although political support has waned.

The Korean Register’s 63-year-old chairman and chief executive officer, B.S. Park, died Monday following a brief illness.

The Liberian International Ship and Corporate Registry appoints four managers, while Kalmar strengthens its Americas management and Envirotainer names head of Asia-Pacific operations.

Hurricane Matthew caused minor damage at ports from North Carolina to Florida, but operations have returned to normal, except at the Port of Savannah.

Despite advocating for mandatory adoption of the technology for the last 10 years, the American Trucking Associations says the U.S. Department of Transportation’s initial proposal to require speed control devices on commercial vehicles is flawed.

The pilot was involved in an accident in Gravesend Reach while boarding the general cargo ship Sunmi and emergency responders were unable to save his life, the Port of London Authority said in a statement.