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The ocean carrier’s new China East Coast Express 2 will connect ports in China and Southeast Asia with the United States East Coast via the Suez Canal.
Ocean carrier has agreed to order 10 containerships with 2,800 TEUs of capacity, with more orders possibly on the way.
The ocean carrier will deploy a dozen of its own vessels on its Andes Service, formerly a joint offering with Hapag-Lloyd and CMA CGM.
The benefits of upsizing are beginning to plateau and require more infrastructure investment, according to a new report by the OECD's International Transport Forum.
Rates on routes from Shanghai to the United States, on the other hand, rebounded from last week, according to estimates from the Shanghai Shipping Exchange.
Investment bank's transportation and logistics group found the six publicly traded forwarders split among those focused on margin and those struggling with IT and cultural issues.