The 10,081-TEU Maersk Shanghai, which sails on 2M Alliance’s TP11/America service, still pales in comparison to the 20,568-TEU Madrid Maersk, which has been making the rounds in Europe as part of the alliance’s AE2 loop.
DP World, Kazakhstan to collaborate on integrated transport networks
The Dubai-based port terminal operator and the Central Asian nation signed two agreements that aim to connect sea, land and air transportation networks through DP World’s “Port Community System,” according to a statement from the company.
Amazon to build new distribution center in upstate New York
The e-commerce giant currently only has one other facility in New York state, a Prime Now hub in Manhattan.
Allianz: Shipping vessel losses, casualties fall in 2016
Vessel losses declined 16 percent last year compared with 2015 and the number of shipping incident casualties also dropped on a year-over-year basis, according to a new report from insurance provider Allianz Global Corporate & Specialty.
SEARS TO CUT 400 MORE JOBS
Sears Holdings in general seems not optimistic about its business prospects lately. Just recently, it mentioned that it would cut 400 full-time jobs at its Illinois headquarters as part of a plan to save more than $1 billion.
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K&M ACCESSORIES ACQUIRES ROBERT ROSE JEWELRY
K&M Accessories is expanding its industry reach with a new acquisition: Robert Rose Jewelry.
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RETAIL SALES REMAIN FLAT FOR MAY, SAYS THE NRF
Judging from the numbers, retail sales for May 2017 remain unchanged despite an upwardly revised gain of 0.6%, according to the National Retail Federation (NRF).
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CMA CGM to acquire Mercosul Line
The French ocean liner has announced its intention to acquire Brazilian cabotage company Mercosul Line, currently owned by Maersk Line but up for sale as a condition of its merger with Hamburg Sud, by the end of 2017.
MSC prepares contingency plan for Rickmers insolvency
Mediterranean Shipping Co. (MSC), the second largest container carrier worldwide, currently has three vessels under time charter from the now-insolvent Rickmers Group.
Port of Los Angeles handles record 796,000 TEUs in May
Container cargo volumes at the Southern California port increased 3.4 percent last month compared to the same period last year, making it the busiest May in the port’s 110-year history.