The market remains very active despite the summer vacation period in the northern hemisphere.
The world's biggest container trade will grow even further in 2017.
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.
The key Brazilian port of Santos’ efforts to bounce back from draft restrictions were set back this week.
West Coast rates have already fallen behind the spot rates in mid-July last year.
"It’s unethical,” says the Shippers Council of Bangladesh chairman.
The trust manager of the company said it had sought approval to remove its shares in April.
The anticipated rate increases on Asia-Europe have yet to materialize with the spot rate falling for the third week in a row, despite a peak season volume surge.
Pacific Northwest ports believe the true competitive edge will come from faster cargo velocity at the terminals.