However, the global port operator increased container throughput by 5.5 percent from 2015.
Star Cool CA+ was established to extend the market reach of sensitive, low-respiring perishables, building on Maersk Container Industry’s Star Cool CA system for high-respiring fresh produce.
Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
Registration takes less than 1 minute.
APL said it will offer day-definite arrival of shipments using its Eagle Express service from ports in the Far East to rail yards in Chicago, Columbus, Dallas, El Paso, Kansas City and Memphis.
Alaska Airlines names new chief information officer, vice president finance and controller, and promotes two to managing director; while Siemens Postal, Parcel & Airport Logistics appoints chief digitalization officer.
In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and "K" Line, also established an independent trustee to manage funds to be used in the event one of the carriers within the group becomes insolvent.