The Hellenic Republic Asset Development Fund said last week the launch of the tender evaluation process would begin immediately.
Separately, the three Japanese ocean carriers - NYK, “K” Line and MOL - on Friday filed an agreement with the Federal Maritime Commission to merge container operations.
The sanctions, pursuant to the Iran, North Korea, and Syria Nonproliferation Act, will remain in place for two years.
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Capacity in the major east-west trades leveled out during fourth quarter 2016 as merger and acquisition announcements continued to filter into an already unstable market, according to the latest quarterly World Liner Supply Report from BlueWater Reporting.
What has been accepted as standard practice for decades - large shippers cementing big volume annual contracts with carriers and smaller shippers, forwarders and NVOs picking up the scraps on the spot market - is now being heavily scrutinized.
Forwarders and NVOs are accustomed to adapting to complex markets and new competitors, but is this time different?