Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.

The reveal, weeks ahead of a planned unveiling by electric automobile manufacturer Tesla, adds to Cummins’ portfolio of environmentally-friendly powertrains.

The ocean carrier subsidiary of German investment and asset management firm MPC Capital will take ownership of six containerships ranging in capacity from 1,300 TEUs to 2,700 TEUs in September, at which point its fleet will total 20 vessels.

Roberto Azevêdo, who started his second four-year term as the director-general of the World Trade Organization on Sept. 1, said there’s “no doubt that this is a testing time for global trade.”

The new office will act as an offshoot of transport and logistics services provider OsaCargo’s head office in Riga, Latvia, and is expected to provide direct support to clients shipping to and from the Mediterranean.

Hyundai Merchant Marine will acquire two 11,000-TEU containerships from Hanjin Heavy Industries & Construction’s Subic Shipyard, as well as five very large crude carriers built by Daewoo Shipbuilding & Marine Engineering.

TRAC Select, which was launched in February, is a premium chassis pool fleeted with an array of specialty chassis and services aimed at meeting specific customer needs.

The Canadian port is equipped to handle the largest containerships in the world thanks to the expansion at Fairview Container Terminal, giving the terminal a second berth and three Malacca-max cranes with a horizontal reach of 25 containers.

The index is expected to remain neutral for rest of 2017, with the New Year bringing tightened capacity due to slow contract pricing increases and weakening regulatory environment, according to freight transportation analyst FTR.