Spot rates on Asia-Europe fell slightly this week as carriers and shippers regroup in the second half of a relatively solid peak season.
Port of Los Angeles and GE Transportation will expand their pilot program across the entire port to establish a single electronic platform through which port users can share shipment information in a secure environment.
Log-In Logistica is reeling following the loss of 47 containers into the sea and a decline in volumes in the second quarter.
Container throughput at the world's major ports was up sharply in the first half, driven by rising volume being reported by carriers.
The increase in earnings was driven mainly by higher freight traffic on North Sea and Baltic Sea routes.
The idle container ship fleet has crept slightly higher.
The offering starts Aug. 27 and lasts eight weeks.
After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.
Maersk is “quite pleased with growth in the [air cargo] business.”
All proceeds from the sale have been paid to an HSH Nordbank-led syndicate.