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.
The container freight market is strengthening as carriers begin some 2017 negotiations, and Drewry said some shippers could see contract rates rise 20-40 percent in worst case scenarios.
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The Floridian port is ready to launch a second round of investment - this time with the goal of increasing capacity and service levels within the container yard.
The Danish ocean carrier’s acquisition of Hamburg Süd from the Oetker Group would expand its market share in Latin America and Oceania trades.
The Port Authority of New York and New Jersey names new aviation director, while SEKO Logistics appoints vice president of ocean services and Worldwide Flight Services hires global head of safety and security.