In addition to a 7 percent increase in container cargo, the severe congestion seen last year at ports along the U.S. West Coast caused an increase in diesel particulate matter, nitrogen oxides, and greenhouse gasses at the Port of Long Beach in 2015.
The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month at the same price ($225 million total).
The Westbury, N.Y.-based non-vessel-operating common carrier opened a new office in Dubai and now operates 18 offices and works with over 120 agents worldwide.
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The Japanese ocean carrier became the latest steamship line to partner with e-commerce solutions provider INTTRA to provide verified gross mass data.
Shipment volumes and expenditures both increased compared with the previous month after three months of lackluster performance, but still remained well below 2015 levels, according to the latest Cass Freight Index Report.
Chinese authorities have said that containers from certain countries shall be subject to effective anti-mosquito treatment in order to prevent the virus from spreading, which has left many shippers concerned.