Star Cool CA+ was established to extend the market reach of sensitive, low-respiring perishables, building on Maersk Container Industry’s Star Cool CA system for high-respiring fresh produce.
Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
After falling in 19 of the previous 21 months, railway employment levels in the United States in February 2017 ticked up 0.28 percent from the previous month, according to recent data from the U.S. Surface Transportation Board.
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The port attributed the 11.2 percent year-over-year decline in February’s container volumes to reduced economic activity in Asia associated with the Lunar New Year.
Canadian Pacific Railway and the United Steelworkers Local 1976 have reached a tentative five-year labor agreement covering around 600 administrative support and intermodal employees in Canada.
German ocean carrier Hapag-Lloyd and United Arab Shipping Company are shifting the long-stop date under the Business Combination Agreement (BCA) to May 31.