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A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.
The containership was released early Thursday morning after Maersk provided a letter of understanding related to the underlying cargo case.
The luxury and lifestyle retailer handles well-known brands such as Victoria’s Secret and Bath & Body Works in Southeast Asia.
Average annual exports in the Asia Pacific region grew from $4.1 billion for the five years before free trade agreements to $6 billion for the five years following their introduction, according to a new study by the APEC Policy Support Unit.
The International Longshore and Warehouse Union said 82 percent of its members voted in favor of ratification.