K Line, MOL and NYK, the big three Japan container shipping lines, have agreed to merge their shipping businesses to create a joint-venture with a total capacity of 1.4m teu and a market share of 7%, which will make them the sixth largest global carrier.
The Lloyds Loading List Global Freight Awards have MIQ Logistics shortlisted in two categories.
MIQ Logistics offices in Hong Kong & Shenzhen have closed as Typhoon Haima hits China.
Hurricane Matthew, now a Category 3 hurricane, is nearing the Florida Space Coast with dangerous storm surge, destructive winds and flooding rainfall stretching into Georgia and South Carolina by the weekend.
China is going through a big political revolution and the economy is slowing down much more than official figures show
With 530,000 containers under their control globally the failure of Hanjin Shipping has inevitably had a negative impact on the available capacity in the the Asia/North Europe trade, which had already been reduced by almost 10% in the last 15 months.