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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South Korea’s second largest shipping line seems to be turning a corner in its debt restructuring of late, and has now set its sights on joining the leading vessel sharing agreement by capacity on the major east-west trades.
The Israeli ocean carrier will implement software provider INTTRA’s eVGM service, which will help shippers comply with the new verified gross mass rule that took effect July 1.
Forwarders Nippon Express and Globaltransol, as well as forage shipper ACX Global, will submit verified gross mass data through CargoSmart’s platform to comply with upcoming International Maritime Organization regulations.