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Earnings were buoyed by a 50 percent increase in Maersk Line profit.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Disney and Dollar General described their strategies to avoid West Coast port congestion mess at the TPM conference.
OOCL launches new intra-Asia service, NYK establishes logistics subsidiary in Myanmar, Cavotec wins 10m euros in port equipment orders, and Braemar SA opens dedicated office in Turkey.
The German ocean carrier said its financial results were impacted by costs from merger with Chilean liner CSAV.
ConAgra and Lululemon said they expect shipment delays for several more months as a result of West Coast port congestion.