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.
Over 50 percent of respondents said their business would be impacted by a vote for the United Kingdom to leave the EU, but just 18.4 percent had a plan in place in the event of a Brexit, according to a recent survey conducted by Logistics Manager.
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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.
The Panama Canal's third lane opened for business, following Sunday's transit of the 9,472-TEU COSCO Shipping Panama.
The first commercial passage of a neopanamax containership through the new locks and third lane of the canal will occur on Sunday with the 9,472-TEU COSCO Shipping Panama.