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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Mediterranean Shipping Co.’s 13,092-TEU containership MSC Regulus collided with the Ecuadorian fishing vessel Don Gerardo II early Saturday morning, reportedly killing at least five people and injuring a dozen more.
Danish shipping company Maersk Line and Chinese e-commerce marketplace Alibaba teamed up to provide sellers direct bookings with the container line, marking another development in the rapidly changing ocean freight procurement space.
The Northwest Seaport alliance said it wanted more information and security before agreeing to transfer Terminal 46 in Seattle.