The nationwide trucker and third-party logistics provider said it hopes to raise between $281 million and $359 million with the initial public offering, and provided details on how it plans to use the proceeds.
South Korean shipyards exited the business of making cranes a decade ago because of stiff compeitition from Chinese makers.
Trucking industry executives visited the White House Thursday afternoon to talk about issues that affect their businesses.
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In addition, Hong Kong-based Orient Overseas Container Line is scheduled to receive a series of 20,000-TEU ships later this year.
Global investment management firm Arcapita said the transaction, together with the eight warehousing facilities it acquired last year in the Al Quoz Industrial Area of Dubai, is bringing the value of its UAE logistics portfolio to $250 million.
Spain’s Popular Party pushed for the law-decree by arguing it was needed to comply with European standards and anti-trust rules, but critics said it would lead to worse labor conditions for dock workers.