The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index surged 36.7 percent since last week’s reading to a reading of 752.65, with rates on the Shanghai to Northwest Europe trade jumping 77.4 percent to $1,206 per TEU.
The container terminal operator reached an agreement with joint venture partner Aarhus Service Holding for the purchase of the remaining 40 percent of the existing APM Terminals-Aarhus terminal.
Mallory Alexander appoints VP of global business development, while Coastal Cargo Co. names VP of sales.
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SMC³ CEO Andrew Slusher told American Shipper Tuesday that less-than-truckload carriers have a difficult time converting shippers from class to density-based pricing.
Although one might expect bad service to be the primary reason for switching suppliers, this is not the case in the container shipping industry, Xeneta CEO Patrik Berglund explained.