The unemployment rate of the global fleet continues to edge higher.
The decision comes just days before the new joint venture Ocean Network Express was expected to be formed.
Maersk Line India in a trade advisory said the one-stop freight link from cargo origins is more economical and reliable than air cargo transportation.
Alibaba has built another link with carriers to provide online members greater control of the ocean shipping process.
Rumors surrounding a Cosco-OOCL tie-up refuse to go away.
Maersk currently has 18 Rickmers vessels in its fleet.
Germany’s second-largest container carrier after Hapag-Lloyd boosted traffic by 7.2 percent.
The head of Maersk Line's intra-Asia specialist will quit at the end of July.
Freight rates on the trans-Pacific have fallen well off leavels reached in the fourth quarter of 2016 as carriers in the highly competitive trade route chase after market share.
Financial improvement for container shipping companies may be short-lived if carriers mismanage ship capacity on the way, Fitch Ratings said Tuesday.