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APM Terminals' Suez Canal Container Terminal (SCCT) at the northern end of the waterway will be the largest on the Mediterranean, according to the terminal operator.
Spot container rates from Shanghai to Northwest Europe this week saw the largest single week drop ever recorded on the Shanghai Containerized Freight Index.
Brent crude, considered by most analysts to be the global benchmark for oil prices, fell below $50 a barrel for the first time since January amid slowing demand growth and growing global oversupply.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
The ERP provider's $675 million acquisition of GT Nexus brought little overlap, common architecture, and access to deep networks of suppliers, an Infor executive tells American Shipper.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.