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The ocean carrier’s new China East Coast Express 2 will connect ports in China and Southeast Asia with the United States East Coast via the Suez Canal.
Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.
Chicago-based SEKO has expanded in recent years into a full-service logistics provider with transportation, warehousing, supply chain, home delivery and e-commerce capabilities.
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.