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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The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.
BlueWater Reporting illustrated how the average size of vessels transiting the Panama Canal has increased 11.3 percent since June 2016.
The $800,000 grant, awarded by the U.S. Environmental Protection Agency, will pay between 25 and 40 percent of the cost to replace and upgrade 18 pieces of yard equipment at two of the port’s container terminals.