Drewry World Container Index - May 20
Drewry’s composite World Container index increased 7.1% or $408 to $6,135.44 per 40ft container.
DHL opens pop-up store East of Los Angeles
DHL Express, the world’s leading provider of international express shipping services, recently expanded its vast network of U.S. retail locations by opening a new mobile…
Maersk calls bolster Kenya’s ambitions of becoming maritime hub
Two A.P. Moller-Maersk A/S vessels made maiden calls at Kenya’s new Indian Ocean port which began operating on Thursday, edging the nation closer to fulfilling…
Biden trade chief voices strong concern for Mexico energy policy
President Joe Biden’s trade chief conveyed to Mexico strong concern about the nation’s policies that appear to disadvantage U.S. investments, especially in the clean and…
Daimler climbs on bullish outlook for truck unit set for spinoff
Daimler AG’s sprawling truck division sketched out plans to turn its unrivaled global scale into better financial results ahead of its spinoff from Mercedes-Benz luxury…
China has bought 37% of next year’s corn imports just from U.S.
China has tapped the U.S. for more than a third of next season’s expected corn imports, accelerating its pace of buying from the world’s top…
CP Rail declines to boost offer, urges K.C. Southern to drop CN
Canadian Pacific Railway Ltd. declined to increase its offer for Kansas City Southern and urged the U.S. railroad instead to reject Canadian National Railway Co.’s…
Iran says world powers accept sanctions should end; crude falls
Iran’s President Hassan Rouhani said world powers have accepted that major sanctions on his country -- including those affecting oil, banking and shipping -- will…
Lufthansa freezes hybrid bond payment coupons to follow EU rules
State aid packages to help airlines stay afloat during the pandemic are causing pain months later for investors who’ve been told they won’t be collecting…
Waymo eyes raising up to $4 billion as leaders’ exits sow doubts
Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has…
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