The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
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.
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Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container port industry.
While a host of technology startups have adopted Uber-like models to tackle automated freight matching in the trucking industry, in the last two months, Uber themselves and Amazon have jumped in the fray.
The S.S. Detroit, also named the U.S.S. Tangier, was built in 1940 as a C-3 freighter and fired the first American shot of World War II before being sold to Sea-Land in the 1960's for conversion to an automobile carrier.