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.
The troubled South Korean ocean carrier received approval from seven lenders to restructure debts and will now turn its focus to restructuring ship chartering agreements.
SSA Marine's Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week in a during a four-week trial.
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Non-vessel-operating common carrier Ecu-Line has opened a new branch office in Fremantle, Australia.
The port of Fremantle services the capital city of Perth and the entire state of Western Australia.
The NVO said its Fremantle branch complements its existing weekly export consolidations from Australia to Singapore for destinations worldwide.
The Fremantle branch is headed by Rob Page.
Maersk's third-party logistics subsidiary entered into a five-year partnership agreement to be Bettenwelt's sole inbound logistics partner for shipments from Asia to Germany and Spain.
Shippers should think about supplying container weight data to ocean carriers ahead of the July 1 start date if they ship cargo that transfers to a second vessel in another port.
UPS names new chief information officer, while ICAT Logistics appoints chief growth officer.