International Freight News Incorporating

Maersk Line expects higher growth but lower profits in 2016

Carrier vows to tightly manage capacity and drive out costs as container shipping market ‘to remain weak and rates under pressure due to over-capacity’

DSV targets US$90m of UTi synergies in 2016

3PL begins integration process and search for $230m in annual cost savings, but declines to indicate the number of job losses the integration will incur

US importers increasingly sourcing flowers direct from growers

E-commerce capabilities enabling buyers, particularly in North America, to source from farmers, predominantly those in Kenya

Hapag-Lloyd buys two wide-beam boxships for South America trades

Company charters-in an additional two ships of the same design for deployment in South America and adds four chartered-in vessels to its trans-Atlantic trades