Industry leader Maersk Line, along with MSC and 13 other container lines, might not be subject to further penalties stemming from a five-year European Commission probe, according to a report from Reuters news service.
The e-commerce giant threw down $775 million in 2012 to purchase Kiva’s warehouse automation robots, ending the sale of Kiva’s products to warehouse operators and retailers that had come to rely on them.
The integrated logistics provider formed a joint venture in South Africa with Johannesburg-based Super Group, offering local and multinational customers a range of logistics and supply chain solutions.
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A sense of what the container shipping industry may look like a year from now has started to emerge as ocean carriers seek to avoid a financial wreck from overcapacity and low freight rates.
An American Shipper report released Tuesday found that nearly three-quarters of shippers and forwarders believe they will have containers held when the new verified gross mass mandate kicks in July 1.
Annual costs at container lines have increased a combined $500 million due to new sulfur emissions rules requiring vessels to use more expensive fuel, according to a report released last week by the Organisation for Economic Co-operation and Development.