Maersk’s contract business cushions impact of ‘normalizing’ market

The latest lawsuit from International Longshoremen’s Association ups the damages the union is seeking from ocean carriers that used the Port of Charleston’s Hugh K. Leatherman terminal.

CIE Manufacturing, a major manufacturer of new chassis, has suspended all imports of chassis into the US in response to an investigation by US customs officials.

Although the multipurpose vessel market is expected to further soften on weak charter activity in the third quarter, firmer demand is expected by the end of the year, keeping certain sectors of the market — mainly, project carriers — optimistic, analysts said.