FASA

United States GDP grew slightly more than initially expected in the first quarter of 2016, but durable goods orders fell in May, according to the most recent data from the Department of Commerce.

The International Cargo Handling Coordination Association reminded shippers and forwarders that the container weighing rule will go into effect Friday, with no three-month grace period as some have mistakenly understood.

The shipment management software provider officially launched its verified gross mass submission tool, which allows shippers and freight forwarders to use a centralized point to provide the verified container weight data to their carriers.

A.P. Moller-Maersk Group’s oil unit lost a bid for the renewal of its 25-year involvement in the Al Shaheen offshore field when the current agreement expires in July 2017.

The Singapore-based non-vessel-operating common carrier formed a new logistics services network, focusing on breakbulk and project cargo.

German ocean carrier Hapag-Lloyd reached an agreement with United Arab Shipping Company on a merger that would make Hapag-Lloyd the fifth largest container carrier in the world.

German ocean carrier Hapag-Lloyd reached an agreement with United Arab Shipping Company on a merger that would make Hapag-Lloyd the fifth largest container carrier in the world.

The Honolulu-based liner carrier will launch its South Pacific Express service in August, which will transport U.S. West Coast cargo transshipped at Honolulu to Samoa, American Samoa, Tonga and Fiji.

The French ocean carrier said it intends to have Singapore’s Neptune Orient Lines delisted from the Main Board of the Singapore Exchange as it pushes forward to acquire all of the shipping company’s shares.

A new port navigation system consisting of 12 off-shore buoys and two land-based range markers, will allow for night time operations at the Liberian port for the first time in three decades, APM Terminals said in a statement.