Japanese ocean carrier Mitsui O.S.K. Lines has purchased a 20.9 percent share in PKT Logistics Group, a provider of end-to-end logistics solutions, including freight forwarding, customs brokerage, contract logistics, haulage, and distribution.
Yusen Logistics Turkey has merged with İnci Holding subsidiary İnci Lojistik to form a new joint venture company, Yusen İnci Lojistik, which will begin operations on April 1, 2017, the companies said in a joint statement.
United States gross domestic product increased 2.1 percent in the fourth quarter of 2016, according to the “third” estimate from the Department of Commerce, up from a previous estimate of 1.9 percent.
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The two ports says the plan is an "innovative collaboration that will allow us to find new ways to become more efficient and effective."
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent data from the Port Authority of New York and New Jersey.
The Israeli ocean carrier will launch the ZIM Med Pacific and the India Med Express loops in April.