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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Kerry Logistics appoints managing director for the Benelux countries, while the Glasgow Prestwick Airport names permanent CEO.
Although one might expect bad service to be the primary reason for switching suppliers, this is not the case in the container shipping industry, Xeneta CEO Patrik Berglund explained.
The company’s Hy-Weigh hydraulic jack system, designed to help shippers comply with new verified gross mass requirements, attaches to the four corners of a cargo container in order to weigh the box where it sits in just 10 minutes.