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The Port of Long Beach increased throughput of containerized cargo by 7.9 percent last month.
Recent statistics from Drewry and CargoSmart show on-time performance at 67.6 percent on the three major east-west trade lanes.
Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.
Pasha Group acquired Horizon Line's Hawaii trade lane operations, while Matson took over the ocean carrier’s Alaska business.
The benefits of upsizing are beginning to plateau and require more infrastructure investment, according to a new report by the OECD's International Transport Forum.
Rates on routes from Shanghai to the United States, on the other hand, rebounded from last week, according to estimates from the Shanghai Shipping Exchange.