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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A trip to Gartner's Supply Chain Executive Summit in Phoenix never fails to foster critical think around supply chain technology by bringing like-minded shippers together.
Congress has long embraced free trade agreements like the Trans-Pacific Partnership, but the protectionist tone of the 2016 election campaign, specifically that of Republican front-runner Donald Trump and Democrat Sen. Bernie Sanders, could change that.
About 2,000 pilots that work for five DHL Express network cargo carriers in North America authorized a strike action in advance of parent company Deutsche Post DHL Group’s annual shareholder meeting Wednesday.