German delivery team Hamburg Süd introduced Monday it is offering its mass delivery organization to The China Navigation Company, a subsidiary of the Swire Group, as it concentrates on its lining organization.

The arrangement consists of Hamburg Süd subsidiaries Rudolf A. Oetker (RAO), Furness Withy Chartering and also the mass tasks in Alian ça Navega ção e Log ística (Aliabulk).

The mass delivery organization of Hamburg Süd runs from Hamburg, London, Melbourne and also Rio de Janeiro with a legal fleet of about 45 vessels in the Handysize, Supra/Ultramax and also Kamsarmax/Panamax sections.

“With this step, Hamburg Süd is focusing as planned on its liner business with its two container shipping brands, Hamburg Süd and Aliança,” statesDr Arnt Vespermann, CHIEF EXECUTIVE OFFICER of Hamburg Süd. “As part of Maersk, the world’s largest liner shipping company, this clear focus is a logical step. At the same time, CNCo, is an established and well-respected company in bulk shipping that is on a growth course in this segment and therefore constitutes a good new home for RAO, Furness Withy and Aliança Bulk.”

Maersk Line finished its purchase of Hamburg Süd in November 2017 from the Oetker Group

China Navigation is headquartered in Singapore and also is a wholly-owned deep-sea owning and also running department of the internationalSwire Group The firm today utilizes around 2,500 staff members around the world and also has and also runs concerning 135 vessels being composed generally of completely dry mass service providers and also multi-purpose lining vessels. Swire’s completely dry mass trading organization, Swire Bulk, was developed in 2012. It presently regulates a fleet of over 100 contemporary Handysize and also Supra/Ultramax vessels included had, long-term and also brief term-chartered tonnage.

“CNCo is excited to have successfully signed this acquisition” commented James Woodrow, Managing Director ofThe China Navigation Company “There are some really all-natural harmonies in between business and also we are happy to obtain such a seasoned and also high-grade group and also organization that matches our very own contemporary eco fleet and also assists to establish our tactical growth right into the Supra/Ultramax sector. We share a solid company society with an abundant background covering near 150 years in between Hamburg Sud (1871 ), The China Navigation Company (1872) and also Furness Withy (1891) that shows a common vision and also long-lasting dedication to the Maritime Industry.”

The closing of the arrangement is anticipated by the end of the very first quarter of 2019 and also is still based on governing authorization.

RAO Tankers is not consisted of in the sale and also will certainly stay component of the Hamburg Süd Group.

The price was not revealed.