The Singapore-based port terminal operator posted a net profit of $1.27 billion Singapore (U.S. $934.54 million) on revenues that fell 6.7 percent to S$3.57 billion compared with the previous year.

The European shipper group says a proposal by the European Commission to reform the way liner carriers announce general rate increases does not go far enough and the competition watchdog should “abolish…the practice of announcing GRI’s completely.”

The Dubai, United Arab Emirates-based global port operator said slower volume growth at its terminal operations in 2015 was offset by revenues from the recent purchase of Economic Zones World in Dubai.

Rates fell another 3.8 percent for the month compared to February of last year, the 14th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.

Truckload pricing grew just 0.5 percent year-over-year in February, causing analysts at Avondale Partners to adjust their pricing forecasts downward to a range between -1 percent and 2 percent for the remainder of the year.

South Korean shipping conglomerate Hyundai Merchant Marine’s attempt to renegotiate charters could affect owners such as Greece’s Danaos.

Manufacturers in the United States increasingly depend on exports and trade deals like the Trans-Pacific Partnership help even the playing field, bringing down barriers to access foreign markets, according to a National Association of Manufacturers panel.

The national maritime shipping line of Iran resumed calls to North Europe this week with its European Container Line service, which operates with two 2,478-TEU vessels.

Seven of the 15 routes measured by the Shanghai Containerized Freight Index fell to all-time lows this week, according to Richard Ward, a container derivatives specialist at Freight Investor Services.

The Port of Charleston exported the 2 millionth BMW automobile manufactured in South Carolina during the month, highlighting increases in vehicle and breakbulk volumes at the port.