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Reports allege that hundreds of tons of sodium cyanide were illegally stored at the site of explosion.
The Singapore-based transportation and logistics company said the new consolidation center in Ho Chi Minh, Vietnam is its largest single-roof container freight station (CFS) within its Southeast Asia CFS network.
Several major logistics and transportation company stocks fell Monday in response to fears of potential trade fallout from a prolonged downturn in the Chinese economy.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.