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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A combination of businesses between United Arab Shipping Co., which is jointly owned by the governments of six wealthy Middle Eastern nations, and Hapag-Lloyd of Germany has "strategic value," and talks will continue, the ocean carrier said in a statement.
Announcements by terminal operators in Oakland and Los Angeles/Long Beach are "positive steps toward achieving the flexibility of compliance" with the new SOLAS verified gross mass rule, says Federal Maritime Commission Chairman Mario Cordero.
Singapore-owned investment firm Temasek, along with its affiliates, tendered their shares of Neptune Orient Lines (NOL), boosting CMA CGM's stake in NOL to 78.07 percent.