FASA

The Danish shipping conglomerate noted that the loss was largely due to discontinued operations in Maersk Drilling, which was sold during the third quarter, as well as in part to the June NotPetya cyber attack.

U.S. Commerce Secretary Wilbur Ross found himself on the hot seat this weekend when leaked papers revealed that a Russian businessman on the U.S. sanctions list has ownership in a customer of Navigator Holdings, a company in Ross’s investment portfolio.

In addition to the absorption of OOCL’s 710,000-TEU fleet and 29 newbuild vessels slated for delivery next year, COSCO Shipping plans to order 20 new containerships with funds from a nearly $2 billion share sale issued in October.

The U.S. trade deficit totaled $43.5 billion for September, a 1.7 percent increase from August, as rising exports were offset by an even higher increase in imports.

Combined U.S. carload and intermodal originations rose to 2.2 million units last month, up 3.1 percent compared to October 2016, according to data from the Association of American Railroads (AAR).

The Honolulu-based ocean carrier recorded a net income of $34.1 million on revenues of $543.9 million for the third quarter of 2017 amid strong demand for its China and southbound Alaska services.

The nation’s transportation and logistics sector added 8,400 jobs in October 2017, according to recent preliminary data from the U.S. Department of Labor.

The global third-party logistics provider recorded net profits of 17.8 million Kuwaiti dinars (U.S. $58.8 million) on revenues of KD 358.5 million for the quarter, increases of 17.4 percent and 15 percent year-over-year, respectively.

The private equity firm’s purchase of the 4 million-square-foot industrial real estate portfolio reportedly includes warehouses, distribution centers and other industrial sites.