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The German ocean carrier advanced its timetable on plans to launch a stock market flotation as a result of positive second quarter financial results.
Terms of the six-year agreement were not disclosed, as the deal must still be reviewed by the union's joint executive council and ratified by over 4,000 pilots.
The freight division of Emirates will provide over 150 tons of belly-hold capacity each week between Mashad, Iran and Dubai, United Arab Emirates starting Sept. 1.
An informal poll of private carriers by Stifel's transportation group found that carriers have been able to push through contract price increases in the 4 to 8 percent range despite lower than expected demand.
CMA CGM, UASC and CSCL, members of the Ocean3 Alliance, have added vessels and increased total rotation time on its Asia-North Europe AEX7/AEC8 and Asia-Mediterranean MEX loops, according to BlueWater Reporting.
A new whitepaper by American Shipper, in collaboration with the Virginia Maritime Association, tackles some of the thorny problems behind cargo delays at key U.S. ports.