SEKO Logistics names chief sales officer, while Crane Worldwide Logistics appoints specialized services head and CEVA announces VP of global heath care operations.

Danish shipping giant A.P. Møller-Maersk’s stock has fallen dramatically in the past year as weak global trade growth has hurt its container shipping business and plunging crude prices have affected its normally reliable oil revenues.

Further limiting container “free time,” the amount of time boxes can be stored at ports without charge, at the Port of Long Beach could lead to more congestion and demurrage, according to the National Retail Federation.

The London-based shipping consultants said about 5 percent of the global container fleet is laid up, but that number could rise in the second half of 2016.

Tugboat workers are expected to carry out 12-hour strikes at the ports of Geelong, Newcastle, Sydney, Melbourne and Brisbane, which could cause cargo delays, according to local media reports.

The world’s largest air cargo handler, Worldwide Flight Services, will acquire Consolidated Aviation Services.

The Salt Lake City, Utah-based third-party logistics provider posted revenues of $451 million for 2015.

A dozen rubber tire gantry cranes will be added this year and in early 2017 at Global Container Terminals’ GCT Deltaport terminal in Port Metro Vancouver as part of an intermodal yard reconfiguration project.

The refrigerated warehousing and logistics specialist finalized the purchase of the Tradewater facility in Atlanta, Ga., for which it had assumed the lease since 2006.

Several ocean carriers issued general rate increases on various trades, while members of the Caribbean Shipowners Association adopted a voluntary guideline for a bunker surcharge reduction.