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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Captain John Loftus, who was fired in 2013 after working for Horizon Line for 20 years, has been awarded $655,000 in back wages, $225,000 in punitive damages, $10,000 for emotional distress, and more than $200,000 in legal costs.
The 8,530-TEU CSCL container vessel Xin Fei Zhou scraped its side against the wall of one of the recently inaugurated locks of the important Central American waterway, according to a report from the Associated Press.
The Swiss-based global freight forwarder reported net earnings fell to 21.8 million Swiss francs (U.S. $22.11 million) from CHF45.3 million the previous year, due primarily to onetime costs from a capacity realignment in the company’s oil and gas division.