The independent containership owner and manager purchased the vessels for $195.6 million.
The U.S. Commerce Department’s International Trade Administration released a report Wednesday, showing that 92 percent of more than $1.3 trillion worth of U.S. goods exported in 2015 were likely affected by foreign technical regulations.
The Arab ocean carrier's shareholders would own 28 percent of the combined company, while the existing shareholders of Hapag-Lloyd would own 72 percent of the new company.
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A trip to Gartner's Supply Chain Executive Summit in Phoenix never fails to foster critical think around supply chain technology by bringing like-minded shippers together.
Annual costs at container lines have increased a combined $500 million due to new sulfur emissions rules requiring vessels to use more expensive fuel, according to a report released last week by the Organisation for Economic Co-operation and Development.
Gov. Nathan Deal said the wider set of canal locks that opened Sunday will enable the Port of Savannah to reinforce its market share for all-water trade from Asia.