Global car carrier Wallenius Wilhelmsen announced this week that it will sell the Melbourne International RoRo and Auto Terminal (MIRRAT) for AUD$332.5 million to Australian Amalgamated Terminals (AAT). AAT is […]
Mergers & Acquisitions
Seacor Holdings sells Caribbean container shipping operations
Seacor Holdings continues to sell off assets in its shipping sector, most recently divesting Seacor Island Lines, its Caribbean container transport business.
The deal with King Ocean Services Ltd. includes nine specialized, shallow draught vessels and more than 1,500 containers and chassis. Terms of the transaction were not disclosed.
Based in Fort Lauderdale, Florida, Seacor Island Lines serves about 30 stops across the Bahamas and Turks and Caicos islands, transporting a range of containerized...
https://www.freightwaves.com/news/seacor-holdings-sells-caribbean-container-shipping-operations
Pilot Freight expands corporate umbrella
Pilot Freight Services, a 50-year-old logistics services provider with roots in airfreight, has placed five long-time, franchise-operated offices under its direct management.
The former franchises are located in Texas, Wisconsin and Mexico. Pilot said the acquisition of these offices was attractive due to their “strong historical growth and operational performance” for the overall company.
Financial terms of the acquisitions, effective today, July 1, were not disclosed by either Pilot or its...
https://s29755.pcdn.co/news/pilot-freight-expands-corporate-umbrella