CLOVER CARGO International has a new name. Efective this month it will be known as BALtrans Clover Cargo, cementing the closer integration of the local company with the BALtrans Group which became the majority equity partner in 2006.
Shanghai Containerized Freight Index (SCFI) spot rates collapsed on Pacific trade routes with a sharp decline of 31% to the US West Coast and 23% to the East Coast.