The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.
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The Honolulu-based liner carrier will launch its South Pacific Express service in August, which will transport U.S. West Coast cargo transshipped at Honolulu to Samoa, American Samoa, Tonga and Fiji.
PierPass, which was created by marine terminal operators in Los Angeles and Long Beach to address multi-terminal issues, noted Q2 truck turn times at both ports were faster than any other quarter during the past two years.
The Packer Avenue Marine Terminal at the Port of Philadelphia will receive two new super post-panamax container cranes, which are expected to arrive and become fully operational in late 2017.