The international oil shipping services provider, which paid Bretta Tanker Holdings $15.1 million in the second quarter of 2016, saw profits for the first half of 2016 slip 11.3 percent year-over-year to $153.7 million.
The Port of New York and New Jersey, which experienced the second busiest June ever for box volumes, was called by a 10,077-TEU containership at the GCT Bayonne Terminal.
The U.S. gross domestic product increased 1.2 percent in the second quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
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The Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the Port of Wilmington and Charlotte.
The struggling South Korean shipping line plans to return 20 containerships and 18 bulk vessels when their charters expire this year and next as the latest step in its cost cutting and restructuring efforts.
Wallenius Wilhelmsen Logistics has agreed to plead guilty and pay a $98.9 million criminal fine for its involvement in a conspiracy to fix prices on international ocean shipments of roll-on/roll-off cargo.