The German ocean carrier said its merger with UASC will create the world's fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The Government Accountability Office has denied a competitor's protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines of 8.1 percent and 0.6 percent, respectively.
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However, U.S. beef export volumes to Japan during the month reached the highest amount in nearly two years, totaling 25,836 metric tons.
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.
Hong Kong handled 1.61 million TEUs of containerized cargo for the month and 9.16 million TEUs in the first six months of 2016, year-over-year declines of 8.6 percent and 10.5 percent, respectively, according to recent data from the port.