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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Due to the deterioration of container freight rates and the subsequent drop in carrier financial results, analysts with Drewry Maritime Equity Research foresee a possible combination of Korean and Japanese carriers.
The Suez Canal Authority has begun granting a 65 percent discount on tolls for all containerships sailing from East Coast North America ports south of Norfolk to Asian ports and 45 percent reduction from Port of Norfolk and north.
Rampant overcapacity and the resulting price war between carriers in the container shipping market has caused substantial further reductions in contract rates for exporters and importers buying under contract.