The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be used toward the merger with UASC.
The U.S. Department of Agriculture said the nation's agricultural trade surplus is also expected to increase to $19.5 billion for fiscal year 2017, up 40 percent from $13.9 billion for fiscal year 2016.
With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion for the full year, according to Lars Jensen, CEO of SeaIntelligence Consulting.
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Tanjung Priok Port’s new container terminal was built by NYK Line, PT. Pelabuhan Indonesia II, Mitsui & Co. Ltd. and PSA International Pte. Ltd.
China COSCO Shipping on Wednesday officially purchased a 51 percent stake in Greece’s largest port from the Hellenic Republic Asset Development Fund and will buy another 16 percent share within five years.
Representatives from the U.S. Embassy in Beijing met with the director general of China's Inspection and Quarantine Ministry to gain more information about how shippers can comply with China’s requirement that shipments from the nation be mosquito-free.