French line CMA CGM is taking over the operation of a reefer container service agreed with Dutch owner Seatrade in the summer. Seatrade said the vessel-sharing agreement (VSA) had been restructured and would not “proceed in its intended form.” “Seatrade has…
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REVENUES at Maersk’s Transport and Logistics division rose 14% in the third quarter on the back of improved freight rates, taking the group’s container division to a profit of $290m. Group revenue increased by $973m to $8bn with a $771m…
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Dual effect of equipment shortages and carrier consolidation points to further spot rate increases in the perishable cargo sector A slowdown in reefer box manufacturing over the past year has created a shortage of readily available units. A LOOMING reefer…
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