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French ocean carrier will commence transatlantic operations on a new joint pendulum service with Hamburg Sud and UASC this month.
The German ocean carrier attributed the nearly 44% jump in revenues primarily to its acquisition of Chilean carrier CSAV.
The Pacific Maritime Association voted to approve the deal in advance of the International Longshore and Warehouse Union member ratification vote Friday.
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.