LOGISTEC

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.

Christian Hess Ratz, Jurgen Hess Ratz and Steel Connect B.V. filed the action to force LOGISTEC to complete the purchase of the Group of Companies, which includes Inmobiliaria Portuaria de Altamira, Altamira Terminal de Multiservicios, Servicios y Maniobras de Altamira and Steel Terminal Altamira.

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.

LOGISTEC announced the $100%-stake acquisition of IPA Terminal in February 2026

On February 17, 2026, Canadian marine logistics operator LOGISTEC announced a definitive agreement to acquire 100% of IPA Terminal, a breakbulk and steel-handling facility at the Port of Altamira. Mexican and Canadian officials publicly praised the deal as a boost to bilateral trade ties. The transaction followed a full due-diligence review in which sellers disclosed complete operational, financial and cargo-origin records to LOGISTEC.