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The Shanghai Shipping Exchange shows spot rates to Europe at low of $399 per TEU.
Lower bunker prices are a temporary windfall that won't last, according to predictions from Boston Consulting Group.
The two agreements announced Friday will allow U.S. producers to export slaughter cattle to Mexico and expand pork shipments to Peru.
Members of the Transpacific Stabilization Agreement are recommending two $600 general rate increases and a $400 peak season surcharge.
Chicago-based SEKO has expanded in recent years into a full-service logistics provider with transportation, warehousing, supply chain, home delivery and e-commerce capabilities.
Crew on Maersk Tigris remains safe and are in good spirits, according to the Danish ocean carrier.