The German ocean carrier upped the size of a five year bond from 150 million euros to 250 million euros.
COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The deployment of ultra-large containerships has not only increased average vessel size on key east west trades, but has accelerated the consolidation of carriers into vessel sharing agreements and alliances.
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FMC Commissioner Doyle says provisions in new vessel sharing agreement could protect other members in the event of a Hanjin-like bankruptcy.
Elaine Chao testified before the Senate Commerce Committee, which is reviewing her nomination to be secretary of transportation, but provided few details on how the Trump administration intends to pursue investments in infrastructure.
The U.S. Department of Agriculture’s Foreign Agricultural Service on Tuesday announced an awarding of $200 million to numerous producer and trade organizations to help expand export markets for the country’s agricultural commodities and products.