The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The deployment of ultra-large containerships has not only increased average vessel size on key east west trades, but has accelerated the consolidation of carriers into vessel sharing agreements and alliances.
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The global freight forwarder will use CargoSphere’s ocean freight Rate Mesh network to drive access to more current, accurate rates and quicken its quoting capability to customers.
Approximately 250 pilots working for ABX Air went on strike Tuesday morning, refusing to fly scheduled routes, including those for the airline’s major customers, DHL and Amazon.
The outbound cross-border eCommerce distribution center is scheduled to be built by April 2017 in Narita, Japan.