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.
Registration takes less than 1 minute.
In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and "K" Line, also established an independent trustee to manage funds to be used in the event one of the carriers within the group becomes insolvent.
The member carriers of the 2M vessel sharing agreement will add Asia-Europe and transpacific services in order to accommodate the volumes gained through slot purchase agreements with Hyundai Merchant Marine and Hamburg Süd.
Federal Maritime Commissioner William P. Doyle said SM Line plans on launching a transpacific service and eight intra-Asia services.