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Ocean carrier has agreed to order 10 containerships with 2,800 TEUs of capacity, with more orders possibly on the way.
Korean company returned to profitability thanks to a boost from its ocean carrier division.
Industry analyst Hackett Associates expects volumes to increase in coming months, but freight rates to fall.
Pasha Group acquired Horizon Line's Hawaii trade lane operations, while Matson took over the ocean carrier’s Alaska business.
The benefits of upsizing are beginning to plateau and require more infrastructure investment, according to a new report by the OECD's International Transport Forum.
Rates on routes from Shanghai to the United States, on the other hand, rebounded from last week, according to estimates from the Shanghai Shipping Exchange.