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.
Registration takes less than 1 minute.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
Congress has long embraced free trade agreements like the Trans-Pacific Partnership, but the protectionist tone of the 2016 election campaign, specifically that of Republican front-runner Donald Trump and Democrat Sen. Bernie Sanders, could change that.
In a letter to the Federal Maritime Commission, the National Customs Brokers and Forwarders Association of America urged acceptance of an agreement between carriers and six U.S. ports, but noted that shippers shouldn't bear the cost of the regulation.