The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.
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After a weak first quarter in 2016, east-west capacity rebounded slightly in advance of the traditional summer peak season, but overcapacity, decreased volumes and low rates continued to drive carriers into the ever-changing alliance game.
Ocean carriers OOCL, COSCON and ANL announced a joint offering called the Asia Australia consortium, which will provide container service on three weekly loops between North Asia and Oceania market.
The Intermodal Association of North America said the web portal component of its new online platform to facilitate so-called “street turns” for its members is now available, and it will offer a mobile app and system-to-system API later this year.