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 Korean ocean carrier has continued to receive good support from its customers as it restructures its finances.
The struggling South Korean ocean carrier recently removed vessels from two services between Asia and North Europe, according to data from ocean carrier schedule and capacity database BlueWater Reporting.
Shares of struggling South Korean container carrier Hanjin Shipping increased the most in a week following statements from a government official that indicated a merger with fellow state-run line Hyundai Merchant Marine could be on the table after all.