Captain Wei Jiafu, President and CEO of China Ocean Shipping Company (COSCO), recently endorsed the potential Panama Canal expansion, citing that a more modern, competitive, 21st century Canal will benefit the global economy and world trade.
Senator Lines started new service between South China and Middle East. With its South China Middle East Express (SMX), the German container line will strengthen its presence in the Middle East, expanding its network to include the direct port of Bandar Abbas.
Business is booming for ocean carriers and they are beefing up services to meet the increasing trade demands. Here are the most recent addition and upgrades of service for moving freight by water. More capacity can mean better opportunities for shippers to shop for the best freight rates balanced by calls and transit times.
