The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The deployment of ultra-large containerships has not only increased average vessel size on key east west trades, but has accelerated the consolidation of carriers into vessel sharing agreements and alliances.
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Five leading shipowner groups have warned that unrealistic demands for carbon dioxide reductions could result in a shift toward less energy efficient transport modes.
Volvo Trucks North America has repaired all of its heavy-duty trucks that were under recall for a steering problem.
Perry Bourne, director of international transportation and supply chain management at Tyson Foods, is calling on terminals to help mitigate the impact of big ships on cargo flows.