Independent journal on economy and transport policy
06:35 GMT+1
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The Japanese Sumitomo Warehouse will buy the American Westwood Shipping Lines
The navigation company has a fleet of four multipurpose ships and work a transpacifico service
June 14, 2011
The trasportistico group and logistic Japanese The Sumitomo Warehouse Co., through the society integrally controlled J-WeSco Inc., has signed an agreement with the Weyerhaeuser, American company of producing forest, in order to buy the entire capital of the company of American navigation Westwood Shipping Lines that has a fleet of four ships with-bulk operated in a transpacifico service. The marine line connects the North American ports of Portland, Longview, Seattle, Everett and Vancouver with the main ports of Japan, northern China and South Korea through two reports westbound and a eastbound.
Sumitomo Warehouse has explained that the acquisition will allow with the Japanese company to strengthen the activity of indispensable transport in order to expand own activity abroad taking advantage of the distribution network in America North.
With the acquisition Sumitomo Warehouse it previews to obtain assets for a value of about 53 million dollars. According to the forecasts, the transaction will be capacity to term within the end of the next August.
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The trasportistico group and logistic Japanese The Sumitomo Warehouse Co., through the society integrally controlled J-WeSco Inc., has signed an agreement with the Weyerhaeuser, American company of producing forest, in order to buy the entire capital of the company of American navigation Westwood Shipping Lines that has a fleet of four ships with-bulk operated in a transpacifico service. The marine line connects the North American ports of Portland, Longview, Seattle, Everett and Vancouver with the main ports of Japan, northern China and South Korea through two reports westbound and a eastbound.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
