United States gross domestic product increased just 0.7 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter and the slowest in three years, according to the “advance” estimate from the Department of Commerce.
The Hong Kong-based ocean carrier's container volumes increased 7 percent year-over-year, while revenues rose 6.4 percent from the corresponding 2016 period.
The Japanese postal, banking and insurance conglomerate now expects to post a net loss of 40 billion yen (U.S. $362.4 million) for its fiscal year ended March 31, 2016, after taking a 400.3 billion yen writedown on Australian logistics arm Toll Holdings.
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The global seafood supply chain is a complex one, and is challenged by various headwinds that can be costly to the industry.
The Port of Savannah’s Garden City terminal received the first of four new neo-Panamax ship-to-shore cranes, and the remaining three will arrive by late April.
House members question whether the Shipping Act should be revised, and also said there is a need to protect domestic tugboat and terminal companies.