Tag: Kyree

Maersk Line Ties Latin America and Asia with New Service

first_imgzoom Danish container shipping company Maersk Line has decided to optimize its AC network with the launch of the AC1 service, connecting the West Coast of Latin America with Asia. Scheduled to launch at the end of June, the AC1 service is expected to provide reduced transit times between South and East China, Taiwan and South East Asia to San Antonio in Chile and Callao in Peru, as well as greater port coverage on certain corridors, according to the company.“We are optimizing our Asia-West Coast Latin America network to provide our customers with faster access to their markets in order to fuel their business growth. These enhancements will benefit our customers with faster cargo deliveries and more direct port coverage,” Dean Rodin, Head of Trade for Latin America & Oceania, Maersk Line, said.The AC1 service would be the only direct service in the market from Nansha to West Coast South America, and the fastest service from Chiwan to San Antonio and Callao, reaching transit times of 27 days. It is expected to provide a direct service from Shanghai to West Coast South America and 2 weekly sailings from Shanghai and Ningbo to West Coast South America, as well as direct calls from San Vicente, Chile, to Taiwan.Additionally, Maersk Line said that its current product offering from China, Korea and Japan to Mexico, Central America and the Caribbean via Panama will be maintained fully on the AC2 and AC3 services. By reducing the size of vessels operating on the AC2 service, the shipping line said it would be able to introduce a third loop to the network.last_img read more

US wholesale businesses trim stockpiles 01 per cent in October as sales

by Martin Crutsinger, The Associated Press Posted Dec 9, 2015 8:08 am MDT Last Updated Dec 9, 2015 at 11:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email US wholesale businesses trim stockpiles 0.1 per cent in October as sales show weakness WASHINGTON – Wholesale businesses trimmed their stockpiles slightly in October while sales were flat, possible signs of modest growth this quarter.The Commerce Department says wholesale inventories slipped 0.1 per cent following a 0.2 per cent rise in September. Sales were unchanged in October after a 0.5 per cent increase a month earlier.An effort on the part of businesses to align their stockpiles with weaker sales dampened economic activity in the summer. That slowed overall growth, as measured by the gross domestic product, to an annual rate of 2.1 per cent in the third quarter after GDP expanded 3.9 per cent in the spring.The drop in wholesale inventories in October could mean that inventory reductions will drag growth this quarter as well. Some analysts are forecasting a 2 per cent GDP gain. read more