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Southern California ports plan continued cooperation to get containers moving.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Earnings were buoyed by a 50 percent increase in Maersk Line profit.
Volumes benefited from gains on East-West routes as well as regional and specialty brands, according to the French ocean carrier.
OOCL launches new intra-Asia service, NYK establishes logistics subsidiary in Myanmar, Cavotec wins 10m euros in port equipment orders, and Braemar SA opens dedicated office in Turkey.
The German ocean carrier said its financial results were impacted by costs from merger with Chilean liner CSAV.