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 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 $46.5 million intermodal hub in Cedar Rapids will cover 75 acres next to the Smith-Dows railyard.
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 Office of the U.S. Trade Representative released a report Wednesday, which showed that sub-Saharan Africa’s non-oil exports to the United States have dramatically increased since the implementation of the African Growth and Opportunity Act in 2000.