Paul Laney landed a job two months ago as a home inspector in Woodstock, Georgia, as the city added staff to oversee a growing residential construction industry. “I am really ecstatic about it,” said Laney, 52, who closed his own contracting business in 2007.
Maersk Line, the world’s biggest container shipping company, said demand for trade on the Asia- Europe route is expected to grow until Lunar New Year in February as Chinese manufacturers produce and export more.
Maersk Line, the world’s biggest container-shipping company, threatened to stop using cleaner fuel at Hong Kong port from next year if the government doesn’t mandate higher quality oil for carriers berthing in the city.
Tim Smith, chief executive officer for North Asia at Maersk Line, comments on the outlook for the container-shipping market in an Oct. 12 interview in Shenzhen. Maersk Line is a unit of Copenhagen-based A.P. Moeller-Maersk A/S.
Shipping companies including A.P. Moeller-Maersk A/S will extend a pact to use cleaner fuel while at berth in Hong Kong for a year after the city pledged to impose mandatory limits on all ocean-going vessels.
American Airlines and American Eagle canceled 707 flights, or 20 percent of their daily schedule, and pulled 89 planes from service after hail battered the carriers’ biggest hub and storms raked across the central U.S.
Maersk Line, the world’s largest container vessel operator, said the global shipping industry may have to cut box cargo capacity from the fourth quarter as demand growth slows at U.S. and European retailers.