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Ocean carriers Hapag-Lloyd and Maersk announced plans for rate increases on August 1.
Reduced fuel costs benefit container carriers, but they face a parade of new, larger ships.
President Obama and supporters of the Trans-Pacific Partnership won a procedural battle in Congress with the Senate voting to end a filibuster on fast-track Trade Promotion Authority Tuesday, but the real war may be yet to come.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.