Third-party logistics provider the Rhenus Group has acquired a 40 percent shareholding in ocean vessel owner and manager ARKON Shipping GmbH & Co., according to a joint statement from the companies.
The sanctions, pursuant to the Iran, North Korea, and Syria Nonproliferation Act, will remain in place for two years.
U.S. District Court Judge Katherine Forrest found the parcel giant and third-party logistics provider violated state law by transporting hundreds of thousands of cartons of untaxed cigarettes into New York City from lower-tax areas.
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The National Development and Reform Commission said 11 shipping companies will cut terminal handling costs in China, according to the Shanghai Daily.
The Atlanta-based parcel giant will build an additional six compressed natural gas (CNG) fueling stations, and add 390 new CNG tractors and terminal trucks, along with 50 liquefied natural gas (LNG) vehicles to its alternative fuel fleet.
The Doric Warrior, a 93,115-dwt bulk carrier, delivered steel slabs from Tuapse, Russia on the Black Sea to the new Paulsboro Marine Terminal along the Delaware River on Thursday.