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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The South Korean government needs to do more to help its struggling shipping sector, Gerry Wang, founder and chief executive of containership lessor Seaspan, said in an interview with maritime news outlet Splash.
The global shipping industry will see earnings worsen, while freight rates will remain depressed amid ample supply, according to projections from the credit rating agency Moody's Investors Service.
Making trade easier for companies in the United States is important, but the Trans-Pacific Partnership agreement is as much about the nation's strategic interests in Asia.