The fledgling containership owner and operator (together with its subsidiaries) recorded a profit before taxes of $200,000 on revenues of $7 million for the quarter, according to the company’s most recent financial statements.
TECSYS sees Q2 FY2018 profits skyrocket
The supply chain management software company saw profits of $1.1 million on revenues of $14.2 million for the company’s second quarter of FY2018, ending Oct. 31, 2017, both substantial increases from the same quarter last year.
Budapest Airport inks e-commerce agreement with STO Express, EKOL
The Hungarian airport will work with China-based air carrier STO Express to boost e-commerce links between Asia and Europe.
Port of Oakland aims to increase U.S. meat exports with new intermodal facility
Already a hot commodity in Asia, exports of frozen and chilled meat from the U.S. Midwest and California could get a boost from a $90 million temperature-controlled rail transloading facility currently under construction at the Port of Oakland.
FMC proposes rule to ease NSA, NRA burdens
The U.S. Federal Maritime Commission (FMC) has issued a proposed rulemaking that the agency says “expands flexibility and deregulates” Non-Vessel-Operating Common Carrier Service Arrangements (NSAs) and Negotiated Rate Arrangements (NRAs).
CMA CGM merges European subsidiaries MacAndrews, OPDR
The French maritime shipping conglomerate will combine its two intra-European subsidiaries for greater European coverage of short-sea and multirmodal services, CMA CGM said in a statement.
Yang Ming raises $200m in public offering
The public share offering, which began in September, was participated in by existing shareholders as well as new investors such as insurance institutions, and container stevedoring and transport companies, according to Yang Ming.
Kane Is Able to acquire Vintners Logistics
Third-party logistics provider Kane Is Able signed a letter of intent to purchase Vintners Logistics, with the deal expected to close in the first quarter of 2018, the company said in a statement.
Production begins on Matson’s new 3,500-TEU con-ro vessels
Honolulu-based ocean carrier Matson said it will name the combination container and roll-on/roll-off (con-ro) vessels after predecessor ships from the company’s 135-year history.
DHL launches new online quotation, booking service for airfreight
DHL Global Forwarding has introduced a new online freight quotation and booking service for international airfreight transportation, already making the product available in over 40 countries across the globe.