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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Great Lakes regional less-than-truckload carrier Moran Transportation Corp. purchased the assets of Eagan, Minn.-based Mats Trucking for an undisclosed sum back in April, but waited until rebranding was complete to announce it.
AAGEX Freight Group President and CEO Mike Williams said the new company is inspired by his vision to advance a business model for logistics entrepreneurs to keep pace in a fast evolving market.
San Francisco, Calif.-based private equity investment firm Thoma Bravo said its purchase of the global supply chain solutions provider will allow Elemica to expand its client offerings by focusing its resources and investing in new technologies.