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Shares in two Chinese liner shipping companies suspended; a merger could create fourth largest container carrier.
Merger speculation continues as CIOSCO says it is "contemplating a plan on a material event."
More than two years of negotiations yielded an FTA that will eventually see tariffs eliminated on most goods traded between the EU and Vietnam, which had more than 28 billion euros in trade in 2014.
An informal poll of private carriers by Stifel's transportation group found that carriers have been able to push through contract price increases in the 4 to 8 percent range despite lower than expected demand.
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.
A new whitepaper by American Shipper, in collaboration with the Virginia Maritime Association, tackles some of the thorny problems behind cargo delays at key U.S. ports.