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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Hyundai Heavy Industries Co., the world’s biggest shipbuilder, has laid a plan that includes 2.6 trillion won ($2.2 billion) in asset sales and workforce reductions in order to stay afloat amid a drop in new orders.
World Shipping Council President John Butler said existing regulations are adequate to manage economic competition and air pollution.
The Ocean Carrier Equipment Management Association indicated it is close to finalizing a common approach for U.S. port terminals to weigh containers, allowing exporters to meet a new requirement designed to prevent accidents at sea or on wharves.