The Greek port’s box volumes declined in 2016 from a year prior amid increased volumes at the car terminal, while revenues ticked up 3.6 percent.
While A.P. Moller-Maersk plans to narrow its focus to transportation and logistics, the foundation that owns a controlling stake in the company will move in its own direction, Ane Maersk Mc-Kinney Uggla said.
Activist investor Paul Hilal’s hedge fund was looking for a swift and amicable transition for outgoing Canadian Pacific President and CEO E. Hunter Harrison to join U.S. Class I railroad CSX, but negotiations have taken a decidedly hostile turn this week.
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The Shanghai Containerized Freight index fell 1.9 from last Friday to a reading of 971.64, but the index is still much higher from a year prior.
The Israeli ocean carrier said its focus on select markets and investment in customer service will improve its position to endure the shipping crisis.
The Spanish government will face strikes at all ports across the country later this month, according to International Transport Workers’ Federation (ITF) Maritime Operations Coordinator Jacqueline Smith.