05APR2019 - NEWS - Hamburg Süd wraps up the sale of its dry bulk subsidiary to China Navigation Company

Hamburg Süd has wrapped up the sale of its dry bulk subsidiary to China Navigation Company (CNCo) which is a part of the Swire Group. Hamburg Süd and CNCo have received regulatory approval and completed the transfer of Rudolf A. Oetker (RAO) and the bulk activities in Furness Withy (London and Melbourne) and Aliança Navegação e Logística to CNCo. The affected dry bulk shipping units with offices in Hamburg, London, Melbourne and Rio de Janeiro have a chartered fleet of approximately 45 vessels in the Handysize, Supramax/Ultramax and Kamsarmax/Panamax segments. CNCo plans to keep the offices and staff.

Published by Editor - www.Livebunkers.com at 05-Apr-2019 07:40:34 [UTC] , contact editor at editor@livebunkers.com