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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The South Carolina Ports Authority’s inland port in Greer today is switching to an automated gate system for trucks entering and leaving the facility.
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.
Global shipping company Wallenius Wilhelmsen Logistics will use a combination of marine gas oil and scrubbers to ensure that vessels at berth anywhere in the world meet the highest existing emission standard.