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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The Association of Bulk Terminal Operators has been formed by a group of individuals with maritime backgrounds to represent the interests of bulk terminal operators around the world.
Representatives from the maritime and oil and gas sectors have joined forces to create the SEA/LNG group, which aims to accelerate the widespread adoption of liquefied natural gas as an alternative to traditional diesel fuel.
The Intermodal Association of North America said the web portal component of its new online platform to facilitate so-called “street turns” for its members is now available, and it will offer a mobile app and system-to-system API later this year.