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Spot container rates between Asia and Europe last week hit a six-month high, according to data from the Shanghai Shipping Exchange's Shanghai Containerized Freight Index.
Gulftainer appoints CEO of GT International, while MOL names manager of contract services.
The German ocean carrier estimated last year's merger with Chile's CSAV will bring $400 million in synergy savings, $100 million more than originally estimated.
Container spot rates from Asia to Europe and the Mediterranean increased, while prices to the U.S. continued to fall.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
The ERP provider's $675 million acquisition of GT Nexus brought little overlap, common architecture, and access to deep networks of suppliers, an Infor executive tells American Shipper.