The Israeli ocean carrier will launch its ZNP loop in April 2017, connecting ports in Southeast Asia and China to Vancouver, Canada.
Hong Kong Air Cargo Terminals Ltd. handled a total of 1.65 million metric tons of airfreight for the full year in 2016, a record for the terminal operator and a 1.7 percent improvement from the previous year.
The Memphis, Tenn.-based integrator moved up the previously announced appointment of David Bronczek as president and chief operating officer from the beginning of 2018 to Feb. 1, 2017, the company said in a statement.
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The Israeli ocean carrier said its focus on select markets and investment in customer service will improve its position to endure the shipping crisis.
The Shanghai Containerized Freight index fell 1.9 from last Friday to a reading of 971.64, but the index is still much higher from a year prior.
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases on various trades.