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The Commerce Department has initiated both antidumping and countervailing duty investigations of certain cold-rolled steel flat products from Brazil, China, India, Korea and Russia.
CMA CGM, UASC and CSCL, members of the Ocean3 Alliance, have added vessels and increased total rotation time on its Asia-North Europe AEX7/AEC8 and Asia-Mediterranean MEX loops, according to BlueWater Reporting.
Shipment volumes and, expenditures both decreased compared with June figures, but this is “in line with the seasonal patterns of the last five years,” according to the latest Cass Freight Index Report.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.