Ocean carrier Yang Ming said it anticipates the Taiwanese government's share in the carrier will increase well beyond the current 33.3 percent held by the Ministry of Transportation and Communications of Taiwan.
The world’s largest manufacturer of shipping containers has advised shareholders and potential investors to exercise caution when dealing with the company’s shares.
Walter Kemmsies, managing director, economist and chief strategist for JLL Ports, Airports and Global Infrastructure, discussed how interest rates are on the rise and the effects this could have on the supply chain.
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Under new rules that took effect last month, freight forwarders managing inbound shipments to Canada must now submit electronic house bills of lading prior to arrival.
The container freight market is strengthening as carriers begin some 2017 negotiations, and Drewry said some shippers could see contract rates rise 20-40 percent in worst case scenarios.
Elaine Chao has served as Secretary of Labor under President George W. Bush and Deputy Secretary of Transportation under President George H.W. Bush.