Altamira, Mexico – September 03, 2026 -- The sellers of IPA Steel Terminal have launched an arbitration under American Arbitration Association (AAA) rules against LOGISTEC Marine Services ULC and LOGISTEC Stevedoring Canada Inc. after the Canadian marine logistics firm attempted to terminate its agreement to acquire the Port of Altamira facility.

ALTAMIRA, MEXICO -- August 31, 2026 -- Christian Hess Ratz, Jurgen Hess Ratz and Steel Connect, B.V. have launched an American Arbitration Association (AAA) proceeding against LOGISTEC Marine Services ULC and LOGISTEC Stevedoring Canada Inc., seeking to force completion of a stalled acquisition of IPA Steel Terminal in Altamira, Mexico.