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.
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U.S. Customs and Border Protection launched a one-year pilot program last month, which allows commercial trucks to prepay single-crossing user fees online prior to arrival at three different land ports of entry.
Singapore-based global terminal operator PSA International and ocean carrier CMA CGM of France said they are ready to accept container weight data from shippers.
General Motors Global Customs Director Amy Martin discussed how tackling projects in a way that stretches beyond compliance got her greater attention for duty reduction initiatives.