Independent journal on economy and transport policy
21:01 GMT+1
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the American group Saltchuk buys the company of navigation Tropical Shipping
The transaction will have a value of about 220 million dollars
April 7, 2014
The trasportistico group American Saltchuk, that it has center to Seattle, has signed a binding agreement with compatriot AGL Resources of Atlanta in order to buy the company of navigation Tropical Shipping di Port of Palm Beach, in Florida.
The understanding previews the acquisition of the company, than work marine and logistic services, let alone of its branches that operate in the fields of the transport, the consolidation and the assurances. The transaction, than second the forecasts will be capacity to term in the arc of next the 90 days, will have a value of about 220 million dollars.
Tropical Shipping has a fleet of 14 ships employed for marine services of line that connect Canada and southern with 25 ports of Bahamas and the Caribbean mainly for the transport of container for cargos dries and cooled Florida. The ships of the American company fly foreign flag and Tropical Shipping will become the sixth line of business of the Saltchuk maintaining own activities separated from those of the Saltchuk group that is present in the field of the shipping through the TOTE of Princeton, in the New Jersey, than work marine services between the North American ports and Puerto Rico and Alaska.
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