22JAN2019 - NEWS - China Navigation Company enters into agreement to acquire Hamburg Süd’s Bulk Shipping business

The China Navigation Company (CNCo) which is a subsidiary of the Swire Group, has recently entered into an agreement with German shipping company Hamburg Süd to acquire the latter’s bulk shipping business. Hamburg Süd’s bulk shipping brands include Rudolf A. Oetker (RAO), Furness Withy Chartering and the bulk activities in Alianca Navegacão (Aliabulk). The RAO Tankers business unit is not included in the sale and will remain part of the Hamburg Süd Group. The bulk shipping business in Hamburg Süd operates from Hamburg, London, Melbourne and Rio de Janeiro with a chartered fleet of approximately 45 vessels in the segments: Handysize, Supra/Ultramax and Kamsarmax/Panamax.

Published by Editor - www.Livebunkers.com at 22-Jan-2019 06:09:40 [UTC] , contact editor at editor@livebunkers.com