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Spot container rates between Asia and Europe last week hit a six-month high, according to data from the Shanghai Shipping Exchange's Shanghai Containerized Freight Index.
"In second half of 2015, international trade still won’t be cheerful," CSCL said in its most recent financial statements, pointing to the massive influx of new capacity in the ocean liner industry.
A rule from the Pipeline and Hazardous Materials Safety Administration requiring shippers to label and document shipments with more than 12 lithium batteries went into effect Friday.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.