Freight rate rebound outlook solidifies heading into the second half

The ocean freight market appears more firmly set for a recovery, and the uptrend in freight rates is expected to continue for the rest…

Hapag-Lloyd, UASC sign merger pact, eye completion end-2016

Global box carriers Hapag-Lloyd and United Arab Shipping Company (UASC) announced on July 18 that they have signed an agreement to combine business operations,…