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Analysts see no let up in rate volatility as big ship deliveries continue.
A $90 million project will allow increased exports of potash, LNG and other commodities.
Deutsche Post DHL Group saw net profits fall 1.4% in first quarter 2015 despite an 8.8% increase in revenues.
Pasha Group acquired Horizon Line's Hawaii trade lane operations, while Matson took over the ocean carrier’s Alaska business.
The benefits of upsizing are beginning to plateau and require more infrastructure investment, according to a new report by the OECD's International Transport Forum.
Rates on routes from Shanghai to the United States, on the other hand, rebounded from last week, according to estimates from the Shanghai Shipping Exchange.