The Southeast Asia region is poised for strong economic growth over the next few decades and container shipping can expect to benefit from increased volume demand, according to SS Teo, managing director of Pacific International Lines (PIL).
Contecon Guayaquil SA (CGSA), the Ecuadorian unit of International Container Terminal Services Inc (ICTSI), has moved beyond just its core operations of moving goods through the port, and has also taken the lead in uniting stakeholders throughout the supply chain of Ecuador’s key commodities exporters.
Reefer container freight rates will go up by as soon as the second half of 2019, ONE ceo Jeremy Nixon said at the 4th Cool Logistics Asia in Hong Kong.
Hamburg Süd is revising its EMCS service between Mexico, Central America, the Caribbean and North Europe.
DP World has acquired one of the largest logistics agencies in Latin America, Peru’s Cosmos Agencia Maritima (CAM) for $315.7m.
APL continues to boost its Asia-Latin America connections with the launch of three new services that will enhance direct connectivity of Asia, Mexico, Central America and West Coast South America (WCSA) and provide faster transit times to and from Asia partially aimed at the fresh fruit and perishable commodities market from Central and South America.
Global container port volumes grew at 7.7% in the third quarter, higher than expected, according to a survey by analyst Alphaliner.
China Merchants Port Holdings has inked a deal to purchase a controlling stake in Brazil’s TCP, marking the Chinese group’s business expansion to the Latin America region.