Under the renewed long-term agreement, XPO Logistics will continue to manage nine reverse logistics service centers for Leeds-based ASDA Stores, Ltd., as well as collaborate on environmental sustainability efforts.
The Sydney, Australia-based third-party logistics provider will build two new purpose-built ships with 40 percent more capacity to support trade between Victoria and Tasmania, the company said in a statement.
The Greek port saw profits for the first half of 2016 jump 5.6 percent year-over-year to 12.7 million euros, despite headwinds from a 28-day strike carried out by staff between May and June.
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Following Hanjin Shipping filing for receivership, Hyundai Merchant Marine will start up two new services, one between Korea and the U.S. and one between Korea and Europe.
South Korea’s largest container shipping company’s transported volumes ticked up 1 percent year-over-year in the quarter to 1.17 million TEUs, container revenues tumbled 26.6 percent year-over-year to 1.35 trillion won.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and Emirates issued rate increases, while members of the Caribbean Shipowners Association issued a peak season surcharge.