However, the global port operator increased container throughput by 5.5 percent from 2015.
Star Cool CA+ was established to extend the market reach of sensitive, low-respiring perishables, building on Maersk Container Industry’s Star Cool CA system for high-respiring fresh produce.
Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
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The new South Korean carrier has started two of five planned intra-Asia strings this week, is commencing a transpacific service in mid-April, and reportedly wants to launch a service to Savannah and New York in 2018.
BlueWater Reporting has provided an update on what information is available in regards to the new ocean carrier alliance networks scheduled to take effect in April.
Drewry’s investment research arm said it believes CMA CGM of France is best positioned among the major carriers to be a perfect suitor for Orient Overseas (International) Limited, the parent company of Hong Kong-Based OOCL.