American Roll-On Roll-Off Carriers (ARC) has lost out on a multibillion-dollar US government contract.
After protests from competitors lodged last October, the Government Accountability Office (GAO) ordered the US Transportation Command to reconsider the New Wallenius Wilhelmsen subsidiary's winning bid for a $7.2bn contract to help move military members, civilian staff and their families.
On Thursday, the Jersey-based company announced its bid was not selected.
