Drewry's investment arm said the Taiwanese government will need to support Yang Ming, but Bronson Hsieh, chairman of the shipping company, said a merger is not an option.
Hunter Harrison, retiring president and CEO of the Calgary-based Class I railway, has apparently decided to cut his remaining time with the company short, and may be eyeing U.S. railroad CSX as his next move.
Terminal Investment Limited - jointly owned by MSC and Global Infrastructure Partners - will become the largest owner of Total Terminals International, which Hyundai Merchant Marine will also own a stake in.
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Fellow Japanese ocean carrier “K” Line exited the Transpacific Stabilization Agreement Aug. 19, while MOL, the other major ocean carrier based out of Japan, left the group in 2008.
The third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.
The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.