United States gross domestic product increased 1.9 percent in the fourth quarter of 2016, according to the “second” estimate from the Department of Commerce, down from a 3.5 percent growth rate in the third quarter.
The containership owner and charterer recorded a loss of $139 million on revenues of $877.9 million for the full year of 2016.
The deal is increasing Direct ChassisLink’s fleet of owned, leased and managed chassis to approximately 133,000.
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Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier's gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.
Starting in April, Hamburg Süd's cargo will be shipped on vessels in the 2M network, a carrier alliance consisting of Maersk Line and MSC.
Hyundai Heavy Industries (HHI) is putting its restructuring plans on a shareholders’ meeting agenda for Feb. 27, but HHI workers plan to strike from Feb. 22-27 in attempts to block the meeting.