Ocean Carriers

Hamburg Süd Finalize Sale of their Dry Bulk Subsidiaries

Hamburg Süd Finalize Sale of their Dry Bulk Subsidiaries
Logistics Manager

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft A/S & Co KG, commonly known as Hamburg Süd, one of the ten largest container shipping brands in the world along with the Swire Group subsidiary The China Navigation Company (CNCo) have received regulatory approval and completed the transfer of RAO and the bulk activities in Furness Withy and Aliança Navegação e Logística to CNCo.

The official announcement of the sale was announced in January 2019, the RAO Tankers business unit will remain part of the Hamburg Süd Group.

Dr. Arnt Vespermann

The dry bulk units will remain as they are as CNCo plans to keep the Hamburg, London, Melbourne and Rio de Janeiro offices along with retaining all current employees. CNCo will inherit a chartered fleet of approximately 45 vessels in the handysize, Supramax/Ultramax and Kamsarmax/Panamax segments.

Hamburg Süd CEO, Dr. Arnt Vespermann said, “With this strategic step, Hamburg Süd – as part of the Maersk family – will now be focusing on the container shipping business, our bulk business has been an integral part of our company and success for more than six decades, and today we would like to thank our colleagues for everything they have done for the company. At the same time, we are pleased to have found China Navigation to be the new, perfectly matching owner of our former dry-bulk operations.”

CNCo Managing Director, James Woodrow said, “We are delighted to receive regulatory approval and to welcome on board a very talented and highly experienced team. The natural synergies between the businesses, skills and expertise of the new teams will complement those we have at CNCo. This will in turn help to develop our strategic expansion in the larger segments.”

More in Ocean Carriers

Maersk Line Implements Change to their Asia-Europe Network

Maersk Unveils New Online Booking System

Logistics ManagerJune 25, 2019
Maersk Now Provides Carbon-neutral Transport

Maersk Now Provides Carbon-neutral Transport

Logistics ManagerJune 25, 2019
Yang Ming Announces New China-Thailand Direct Service

Yang Ming Announces New China-Thailand Direct Service

Danny GillJune 24, 2019
MSC Katya R Calls at Port of Moin Boosting Costa Rican Exports

MSC Katya R Calls at Port of Moin Boosting Costa Rican Exports

Logistics ManagerJune 20, 2019

CMA CGM Wins AFLAS’s Best Global Shipping Line Award

Logistics ManagerJune 20, 2019
ZIM Expand Container Fleet with New Star Cool Containers

ZIM Expand Container Fleet with New Star Cool Containers

Logistics ManagerJune 12, 2019
Maersk to Build its First Cold Store in St. Petersburg

Maersk to Build its First Cold Store in St. Petersburg

Danny GillJune 6, 2019
Ocean Network Express and PSA Singapore Inaugurate Magenta Singapore Terminal

Ocean Network Express and PSA Singapore Inaugurate Magenta Singapore Terminal

Logistics ManagerMay 23, 2019
Hamburg Süd Name New Container Ship – Polar Ecuador

Hamburg Süd Name New Container Ship – Polar Ecuador

Logistics ManagerMay 23, 2019
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version