Brookfield Infrastructure to Buy Triton in $4.7 Billion Deal
Brookfield Infrastructure Partners agreed to buy Triton International, the world’s largest owner of intermodal shipping containers, for $4.7 billion.
Container Rates to US From Asia Fall to Lowest Since July
Ocean freight rates on goods shipped to both U.S. coasts from Asia fell to the lowest levels since July, reflecting an easing of supply strains after the pre-holiday shipping frenzy that fanned inflation fears in the world’s largest economy.
Owner of Terminal at Port of Los Angeles Explores Sale
EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter.
Shipping Container Rates Top $10,000 From Asia to Europe
The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.
Maersk Raises Outlook as Shipping Giant Sees Demand Rebound
A.P. Moller-Maersk A/S raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs.
Israel Firm Loginno Unveils Container-Tracking Device
Loginno, an Israeli logistics firm, has unveiled the fifth generation of its Agam device, whose installation method as a standard container vent allows every container service depot to install it with no training, according to a news release.May 28, 2019
CMA CGM Stakeholder Looks to Sell and Buy Ports America
Yildirim Holding AS is seeking buyers for its stake in the world’s third-biggest container shipper as the family-owned Turkish company presses ahead with a plan to acquire Ports America Holdings Inc., a U.S. maritime-terminal operator.