The privately-held ERP software company entered a strategic partnership with and invested $25 million in cloud-native predictive and prescriptive analytics provider Predictix back in January.
The United Kingdom will now have to sign new trade treaties with everyone, without the bargaining power of the European Union, which will lead to higher duties, and therefore, increased costs for shippers, Xeneta CEO Patrik Berglund said.
The Mahwah, N.J.-based global airfreight forwarder and supply chain solutions provider will launch its newest regional office in the United Kingdom July 1.
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Despite the European Union and United States agreeing to ease economic sanctions placed on Iran in 2009, multinational companies must still ensure rigorous compliance with "secondary" U.S.-Iranian sanctions.
A combination of Hanjin Shipping and Hyundai Merchant Marine, the two largest ocean shipping companies in South Korea, could, at least for the time being, rank as the fifth largest container carrier worldwide, but they have few ships on order.
Shipyards will sell $7.3 billion in assets and the government has created a $9.5 billion fund to support lenders to shipyards and shipping companies.