The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.
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The Office of the U.S. Trade Representative released a report Wednesday, which showed that sub-Saharan Africa’s non-oil exports to the United States have dramatically increased since the implementation of the African Growth and Opportunity Act in 2000.
After a weak first quarter in 2016, east-west capacity rebounded slightly in advance of the traditional summer peak season, but overcapacity, decreased volumes and low rates continued to drive carriers into the ever-changing alliance game.
The rating agency acted negatively to the idea that the A.P. Moller - Maersk conglomerate could potentially choose to divide into separate companies, noting the split could hurt the group's business diversification.