U.S. gross domestic product increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of 1.4 percent in the second quarter.
In addition to the six 13,010-TEU Hanjin Shipping vessels to be chartered to Maersk Line, a group led by HSH Nordbank could also acquire another three ships and lease them out to Maersk’s 2M Alliance partner MSC, according to multiple media reports.
The truckload transportation and logistics services provider reported a net income of $23.4 million on $280.5 million in revenues in the third quarter of 2016, year-over-year decreases of 22.9 percent and 6.5 percent, respectively.
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Watco Supply Chain Services has introduced a new international division that will operate as a registered non-vessel operating common carrier and an indirect air carrier, the company said in a statement.
The Commerce Department determined that imports of cut-to-length steel plates from Brazil, South Africa and Turkey are being dumped on the U.S. market.
The families of the victims who died aboard the El Faro, which sank Oct. 1, 2015 during Hurricane Joaquin, lost a request for a summary judgement finding that the doomed cargo ship was unseaworthy.