The carrier reported a steep drop in profitability as declining rates combined with higher costs of rerouting ships around southern Africa and startup expenses for the Gemini network.
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The new vessels are shorter and narrower than most 400-meter megaships that are mostly confined to the Asia-Europe trade, giving the carrier more deployment
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While linehaul performance has largely returned to normal for US Class I railroads, delays and bottlenecks triggered by the severe winter storm two weeks
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The subsidiary of Manila-headquartered International Container Terminal Services said the agreement extends the lease expiration from 2040 to 2066.
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Inland water transport offers a lower-emission alternative routing for out-of-gauge cargoes, with cost-efficiency, lower energy consumption, and fewer accidents, among other advantages.
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The digital trade body argues that online sellers outside the EU were able to scale rapidly by exploiting gaps in customs and regulatory enforcement
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Marine terminals are using the new longshore contract to tackle one of the port’s recurring problems, with the union’s support, as they look to
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