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 Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the Port of Wilmington and Charlotte.
Labor leaders and House Democrats told reporters Friday they would continue to lobby against a congressional vote on the sweeping 12-nation Trans-Pacific Partnership until after the presidential inauguration in January.
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.