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Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
The Israeli ocean carrier will alter its AME service, which operates between China, Malaysia, India and the Mediterranean, starting July 27.
The Japanese container liner will begin tracking invoice and documentation accuracy, as well as vessel on-time departure performance, on a quarterly basis, mirroring its efforts in other regions.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.