The B20 is now called the Global Business Coalition, with the mission to advocate for economic growth policies before national and international authorities.
“K” Line strengthens RoRo presence on Thailand-Australia trade
The Japanese liner carrier’s decision to add another roll-on/roll-off service from Thailand to Australia stemmed from the rise in imported vehicles in the Australian automobile industry.
International Shipholding files reorganization plan
Under the reorganization plan, most of International Shipholding Corp. (ISH) would be acquired by SEACOR, and ISH also plans to sell a business that includes operations in Southeast Asia to a company affiliated with its current CEO, Erik L. Johnsen.
Truckload rate decline extends into eighth straight month in October
Truckload pricing dipped another 1.4 percent for the month compared to October 2015, the eighth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
Intermodal rates stem 21-month decline in October
Intermodal pricing increased 0.4 percent for the month compared with the same 2015 period, the first year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
EC approves Hapag-UASC tie-up
The European Commission has given clearance to the merger of Hapag-Lloyd and United Arab Shipping Co., which will create the fifth largest container carrier worldwide, subject to certain conditions, the EU competition watchdog said in a statement.
Rickmers denies scrapping of seven-year-old containership
Various news outlets reported last week the containership owner and lessor Rickmers Maritime had sold the 4,250-TEU vessel India Rickmers for scrap, but the company said in a statement no sale has been concluded.
Freight Rate Roundup: Maersk, MSC, CMA CGM, Hapag-Lloyd, Hamburg-Süd and MOL
Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd, Hamburg Süd and MOL announced freight rate changes.
Hamburg Süd rumored to be put up for sale
Several media outlets reported that owners of the Oetker Group, the conglomerate that owns Hamburg Süd, will meet this week to discuss the future of the German ocean carrier.
Transplace expands presence in Canada with purchase of Lakeside Logistics
Frisco, Texas-based Transplace, a provider of transportation management services and logistics technology, has acquired Oakville, Ontario-based Lakeside Logistics.