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 proposed change would give NVOs and import buyers the ability to directly transmit the Importer Security Filing, which is expected to improve security and eliminate confusion over who should file.
The French ocean carrier said it intends to have Singapore’s Neptune Orient Lines delisted from the Main Board of the Singapore Exchange as it pushes forward to acquire all of the shipping company’s shares.
The International Cargo Handling Coordination Association reminded shippers and forwarders that the container weighing rule will go into effect Friday, with no three-month grace period as some have mistakenly understood.