Third-party logistics provider the Rhenus Group has acquired a 40 percent shareholding in ocean vessel owner and manager ARKON Shipping GmbH & Co., according to a joint statement from the companies.
The sanctions, pursuant to the Iran, North Korea, and Syria Nonproliferation Act, will remain in place for two years.
U.S. District Court Judge Katherine Forrest found the parcel giant and third-party logistics provider violated state law by transporting hundreds of thousands of cartons of untaxed cigarettes into New York City from lower-tax areas.
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The U.S. Department of Justice served several container shipping lines with subpoenas last week in Sausalito, Calif., where their top executives were attending industry meetings.
Starting in April, Hamburg Süd's cargo will be shipped on vessels in the 2M network, a carrier alliance consisting of Maersk Line and MSC.
The world’s second largest container carrier, Geneva, Switzerland-based Mediterranean Shipping Company, may acquire a stake in Ignazio Messina & Co.