The Subcommittee on Coast Guard and Maritime Transportation will hear an argument that foreign carriers should not be permitted to collectively negotiate rates with domestic maritime service providers because it gives them an unfair advantage.
The Athens, Greece-based containership leasing company recorded a net income of $23 million on voyage revenues of $105.5 million for the first quarter of 2017, a year-over-year decline of 34.2 percent and 12.3 percent, respectively.
The North Liberty, Iowa-based trucking and logistics company posted a net income of $14 million and operating revenues of $130 million for the first quarter of 2017.
The Honolulu-based liner carrier also announced its second quarter dividend, which will be paid on June 1, 2017 to all shareholders of record as of the close of business on May 11, 2017.
German airline group posted a net loss of 68 million euros (U.S. $74.2 million) for the first quarter of 2017 compared with an EUR 8 million loss last year, even as revenues in its logistics division surged 18.5 percent from the same 2016 period.
The Houston-based tank barge operator’s net earnings fell 27.8 percent year-over-year in the first quarter of 2017 to $27.5 million.
Dubai, United Arab Emirates-based express carrier and third-party logistics provider Aramex posted net earnings of 91.8 million Emirati dirham (U.S. $25 million) on AED 1.1 billion in revenues for the first quarter of 2017.
The Independent tanker company recorded a net profit of $34.3 million for Q1 2017, falling 69.8 percent year-over-year, and is expecting challenging freight rate conditions to persist for the remainder of 2017.
The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission (FMC) has received 24 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 24 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from A&D International Logistics Corp., Miami (Diana Espinal Acevedo, vice president); Den Hartogh Americas, Houston (Michael W. Milner, vice president); MidEast Shipping, Orange, Calif. (Abdelrahman Albarg, president); OQ Enterprises, Hayward, Calif. […]
FMC reviews 24 OTI license applications
The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
UPS names president of growth and emerging markets, while “K” Line appoints senior executive officer, CargoLogicAir hires chief financial officer and technical director, and Great Lakes Dredge & Dock names new chief executive officer.
The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
United States gross domestic product increased just 0.7 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter and the slowest in three years, according to the “advance” estimate from the Department of Commerce.
The Hong Kong-based ocean carrier’s container volumes increased 7 percent year-over-year, while revenues rose 6.4 percent from the corresponding 2016 period.
The Japanese postal, banking and insurance conglomerate now expects to post a net loss of 40 billion yen (U.S. $362.4 million) for its fiscal year ended March 31, 2016, after taking a 400.3 billion yen writedown on Australian logistics arm Toll Holdings.
