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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Former Macy’s distribution center manager Rudy Rampertab pleaded guilty in the U.S. District Court in Cincinnati to one count each of mail fraud and money laundering.
Forget playing the blame game, the fraught implementation of container weighing rules came down to the fact that the container shipping industry has no single trusted information source.
The vessel sharing alliance, which expects to launch in April 2017, is contemplating initially deploying up to 175 container vessels in U.S. trades, according to a Federal Maritime Commission filing.