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Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.
Container derivatives broker at Freight Investor Services in London cites reports that Maersk is cutting rates to Europe.
The ocean carriers’ China-Surabaya Express Service connects ports in China with Malaysia, Singapore and Indonesia.
Trade Promotion Authority, a bill that grants the president authority to conclude trade deals without congressional interference, moved forward in the Senate Thursday morning.
Three of the biggest U.S. retailers have said maintaining in-stock levels was a challenge in first quarter 2015 because of West Coast port disruption.
The Southern California port plans to acquire 3,000 container chassis in two steps.