The Taiwanese ocean carrier reported a loss of 14.91 billion Taiwan new dollars (U.S. $492.1 million) for the full year in 2016 compared with TWD 6.46 billion the previous year, according to the company’s latest filing with the Taiwan Stock Exchange.
Walmart is opening an import distribution center in Mobile, Ala., which is expected to boost cargo volumes at APM Terminals Mobile by 10-20 percent.
The world’s fourth largest container shipping line, COSCO Shipping, experienced the 9.9 billion yuan (U.S. $1.44 billion) loss due to weak freight rates and restructuring costs, Reuters said Thursday.
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Hamburg shipowner Claus-Peter Offen will take over 100 percent of the Conti Group's shares as well as most of its shares in in technical ship manager Bremer Bereederungsgesellschaft.
Greencarrier Freight Services appoints chief executive officer, and Alaska Airlines names vice president of airport operations and customer service.
The new tool from the Israeli ocean carrier tracks carbon dioxide and sulfur oxide gas emissions on ZIM vessels using Clean Cargo Working Group data methods.