The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The deployment of ultra-large containerships has not only increased average vessel size on key east west trades, but has accelerated the consolidation of carriers into vessel sharing agreements and alliances.
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The World Container Index has increased by 62 percent since the bankruptcy of Hanjin at the end of August 2016, London-based shipping research and consulting firm Drewry said.
Sellers using Alibaba will have direct access on the e-commerce marketplace platform to logistics services from qualified WCA member forwarders around the globe.
The United States has filed a trade enforcement complaint in the World Trade Organization today concerning China’s continued subsidization of its aluminum producers.