Scheduled to commence in March 2017, the new direct route between its hub at London Heathrow and New Orleans International Airport will be the first of its kind, the global airfreight carrier said in a statement.
Geneva-based Mediterranean Shipping Co. is looking to buy the now insolvent South Korean shipping company’s 54 percent stake in the Southern California container terminal, according to a report from Reuters news service.
The Icelandic shipping company said its Blue Line service will drop a call at Hamburg in favor of a call at Bremerhaven, which offers excellent connections via Bremerhaven to Asia, Africa, South America and North America.
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Hanjin opposed Ashley Furniture’s motion for a freeze on the amounts it owes the carrier, along with a reduction in the amounts owed, saying in a court filing that if the motion was granted, its ability to reorganize would have been severely jeopardized.
Peak season capacity took a major hit in third quarter 2016 as carriers scrambled to replace services interrupted by Hanjin Shipping’s Aug. 31 bankruptcy announcement.
Citing the ongoing economic slowdown in China and waning U.S. imports, the World Trade Organization on Tuesday slashed its 2016 global trade forecast to 1.7 percent from a previous projection of 2.7 percent growth this year.