Registration takes less than 1 minute.
"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.
Ocean carriers Maersk Line and CMA CGM issued general rate increases.
The Ocean3 Alliance of CMA CGM, UASC and CSCL will combine their FAL2 and FAL3 loops between Asia and Europe, decreasing its deployed capacity on the trade by approximately 21 percent, according to data from BlueWater Reporting.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.