The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.
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Rolf Habben Jansen, the chief executive officer of ocean carrier Hapag-Lloyd, said he believes consolidation in the shipping industry resulting from deals such as Monday’s merger agreement between Hapag-Lloyd and UASC will benefit the container industry.
The Massachusetts Port Authority revealed that shipping lines continue to indicate their intention to deploy 10,000-12,000 TEU containerships to the port, which just received its largest containership ever this past weekend, the 8,532-TEU Xin Mei Zhou.
Former Congressman Daniel B. Maffei was sworn-in on Monday, July 18 as a commissioner of the Federal Maritime Commission, taking the seat of Commissioner Richard A. Lidinsky Jr. who retired last Friday.