Seatrans Group have agreed with Nor-Lines to buy all of Nor-Lines’ 39% shares in Sea-Cargo.
Closing date of the transaction was 30.September. Through this transaction, the Seatrans Group owns Sea-Cargo by 96 per cent.
“Sea-Cargo has been a success story since it was started in 2001, and we are excited at the opportunity of further developing the business of Sea-Cargo. We are confident that this acquisition will further strengthen the growth prospects of Seatrans,” says Ship Owner Johan Hvide and Lars Helge Kyrkjebø.
The Seatrans Group is a fully integrated ship owning company with in-house chartering and operations, ship management and crewing. Seatrans is engaged in the transportation of chemicals in the North Sea and Mediterranean with stainless steel parcel tankers. Through Sea-Cargo we are engaged in roro/container liner and logisticsservice in the North Sea and in the transportation of newsprint.
Established in 1971, Seatrans has evolved from the roots of Norwegian maritime culture. For generations, the families of its founders, Wollert Hvide and Bjarne Kyrkjebø, have been involved in seafaring and shipping. Hvide and Kyrkjebø joined forces in 1971, forming the management company Seatrans. The development of the sideloading concept for unitized cargoes was the start of the “industrial” Seatrans. The side-loading concept proved a success with Nordic paper mills and industries and became Seatrans most important trade for almost two decades. Seatrans’ engagement in the chemical tanker business dates from 1968, with shipments of sulphuric acid in a small 200 tonner vessel. The chemical tanker business started as a North Sea operation with specialized cargoes, and has been gradually developed into European parcel trades.
The core values of the Seatrans Group are:
- Care – We care!
- Involvement – We involve people!
- Innovation – We change and improve!
- Performance – What we say is what we do!