The Swiss-based freight forwarding and logistics company is best known for its air and freight forwarding business, but has successfully added warehousing and distribution, along with related outsourced services, to its portfolio over the years.
Although harvesting has picked up in West Africa, bean deliveries in top grower Ivory Coast continue to lag behind last season's pace.
The Persian Gulf nation signed an agreement with India and Afghanistan this week to develop its southern Chabahar port along the Gulf of Oman coast.
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The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance's new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was off-hire, according to Maersk Line officials.
The 12,500-TEU containership MSC Fabiola was successfully refloated early Saturday morning, allowing vessel traffic in the important cargo gateway to resume as normal, according to a customer advisory from shipping agency GAC.
Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.