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Since last week, rates from Shanghai to Northwest Europe and the Mediterranean fell 31.8 percent and 19.7 percent, respectively.
The German ocean carrier, which is in midst of an initial public offering on the Frankfurt stock exchange, reiterated its revenue and earnings projections after competitor Maersk Line trimmed profit expectations Friday.
A tie-up between Singapore's Neptune Orient Lines, parent of liner company APL, and CMA CGM of France would combine the third and thirteen largest container carriers worldwide.
The U.S. Gulf port also expects to benefit from continuing population migration to Texas and the expansion of Panama Canal, which is scheduled to be completed in April 2016.
Meanwhile, a Federal Aviation Administration task force released its recommendations regarding a registration program for unmanned aircraft systems that will affect the use of drones in both commercial and recreational settings.
Box volumes at the largest U.S. East Coast port were up 11 percent year-over-year in October, driven primarily by a 9.8 percent spike in loaded import containers.