Christian Hess Ratz, Jürgen Hess Ratz and Steel Connect, B.V. said they will begin arbitration under the American Arbitration Association (AAA) rules against LOGISTEC Marine Services ULC and LOGISTEC Stevedoring Canada Inc. over LOGISTEC’s attempted termination of its agreement to acquire 100% of IPA Terminal in Altamira, Mexico. The sellers say LOGISTEC’s July 3, 2026, notice falsely alleged a sanctions breach involving steel from Novolipetsk Steel (NLMK), whose majority owner Vladimir Lisin was sanctioned by the Canadian government in 2025. They deny any relationship with NLMK or Lisin and say the steel belonged exclusively to an independent third-party customer. LOGISTEC announced the acquisition on February 17, 2026, with closing expected during 2026, but later sought to terminate the agreement. The sellers say the termination followed news that Enstructure Inc. would acquire LOGISTEC’s marine terminals division, creating competing Gulf of Mexico port facilities and raising questions about LOGISTEC’s motivation. They are also defending against a separate arbitration filed by LOGISTEC on August 11, 2026. The sellers seek emergency measures to maintain IPA Terminal’s operations and say they expect both proceedings to confirm that they did not breach the sale agreement and that LOGISTEC acted improperly.