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.
The American Association of Port Authorities is concerned that local agencies with no nexus to ports are taking advantage of a federal program designed to help ports pay for security needs.
The Atlanta, Ga.-based parcel giant posted a net income of $1.27 billion for the second quarter of 2016 on revenues of $14.63 billion, year-over-year increases of 3.2 percent and 3.8 percent, respectively.
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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 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.
The 2M Alliance carriers’ TP12/Empire will become an eastbound around-the-world service in September, instead of using the Suez Canal in both directions.