Lome deal

The US Federal Maritime Commission secured over $2.3 million in penalties and business practice reforms from three companies through compromise agreements.

The 2016 result partly reflects (to the tune of US$130M) the acquistion of Neptune Orient Lines

Container freight rates on the key Asia to US West Coast trades do not look likely to increase as much as carriers had hoped.

CMA CGM is expanding its operations in the northern Europe/eastern Mediterranean trade by agreeing a joint service arrangement with Seago Line, an operating arm of Maersk Line, and Hamburg Sud.

CMA CGM has expanded its intra-Mediterranean liner service network by adding a direct link between ports in the Marmara and Aegean Sea areas of Turkey and North Africa (Libya and Tunisia).

The Oetker family is reported to be in negotiations to sell Hamburg Süd, and Maersk is said to an interested buyer.