A general rate increase implemented by carriers in the eastbound trans-Pacific on April 1 has largely stuck, giving shippers less leverage in attempting to lower contract rates for 2025–26 service year.
The deal will merge “K” Lines’ traditional logistics activities in ocean and air freight with Kamigumi’s niche business in project cargo logistics.
For Singapore-based PSA, the investment cements a beachhead in a West India market primed to benefit from Asian trade diversification and burgeoning consumer demand.