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A tie-up between Singapore's Neptune Orient Lines, parent of liner company APL, and CMA CGM of France would combine the third and thirteen largest container carriers worldwide.
Cargo thefts in the United States were up 7 percent in value despite falling 18 percent by volume in the third quarter of 2015 compared with the second quarter, according to the FreightWatch International Q3 2015 U.S. Cargo Theft Report.
New report from shipping consultancy forecasts rising insurance, fuel, repair and maintenance costs in 2016 and 2017, after costs fell in 2015 amid a weak commodities market.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.