The nationwide trucker and third-party logistics provider said it hopes to raise between $281 million and $359 million with the initial public offering, and provided details on how it plans to use the proceeds.
South Korean shipyards exited the business of making cranes a decade ago because of stiff compeitition from Chinese makers.
Trucking industry executives visited the White House Thursday afternoon to talk about issues that affect their businesses.
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The service sails with two 1,100-TEU vessels on a weekly frequency.
The Justice Department said a federal jury in Charleston, S.C. on Wednesday convicted two chief engineers of the vessel Green Sky of falsifying documents to conceal illegal discharges of oily bilge waste and obstruction charges.
Despite historic consolidation, ocean shipping industry veterans skeptical underlying fundamentals have shifted.