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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Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
U.S. Customs and Border Protection launched a one-year pilot program last month, which allows commercial trucks to prepay single-crossing user fees online prior to arrival at three different land ports of entry.
Strong language is often needed to advocate for a position, but now that progress is being made on container weight verification, people should choose their words more carefully.