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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Maritime and Port Authority of Singapore appoints new chairman, while B&H Worldwide promotes managing director, Germany, ICAO names new president of its Air Navigation Commission, and ATA hires vice president of safety policy and connectivity.
U.S. steel exports reached 795,318 net tons in September, falling 2 percent from September 2015, while U.S. steel imports totaled 2.74 million net tons, falling nearly 20 percent from last September.
Jeffrey S. Musser, the president and chief executive officer of Expeditors International, said the company shipped record volumes in both air and ocean freight during the quarter.