PIL has declined to speculate on the attractiveness of the mid-sized carrier as a takeover target.
The majority of ships deployed on Asia-Europe by the end of 2018 will be greater than 18,000 TEU, which will have implications for rate levels and ports.
Petrochemical investment in the US Gulf is a rare bright spot in a generally weak global breakbulk market.
Italian heavy hauler Fagioli used trucks, barges, and ships to move sections of the world’s third-largest tunnel boring machine from Germany to Italy.
The key Brazilian port of Santos’ efforts to bounce back from draft restrictions were set back this week.