Inchcape Shipping Services has signed an agreement to acquire Kennedy Hunter in Belgium from Conti-Lines Group says Project cargo Journal.
- The 100 per cent acquisition of Kennedy Hunter delivers Inchcape’s strategic ambition to grow in the Northern European market.
- It is to will significantly increase its coverage and expertise in Belgium.
- It will focus on Dry Bulk, Car Carrier/RoRo handling and cargo brokerage.
Provision
Inchcape boasts 175 years of service to the international shipping industry and 240 offices in 60 countries, comprising a team of over 2,800 professional and committed staff. Inchcape Belgium provides a diverse range of maritime services including port agency, husbandry, crew logistics services, ship channelling, bunker fuel supply arrangement, liner agency, logistics services to oil and gas, construction, dredging, cable-laying, cruise tourism and other sectors, military support services and maritime consultancy.
Agreement
“We are excited about welcoming the Kennedy Hunter team into the Inchcape family, by joining forces we are able to offer an even better value proposition to our customers in Belgium. This is our first acquisition under the ownership of Epiris and it demonstrates our intention and ability to drive positive consolidation within the Port Agency industry,” said Frank G. Olsen, Inchcape Shipping Services.
“Over the last years, the Conti-Lines Group has progressively evolved into the direction of Shipowner and Ship’s Operator activities, a maritime segment that in the meantime has become the Group’s core business. Therefore, the decision was taken to transfer the ownership of the agency set-up, Kennedy Hunter, from the Conti-Lines Group to Inchcape. By choosing Inchcape, a solid organisation specialising in agency activities, Kennedy Hunter is left in professional and qualified hands, thereby safeguarding the authenticity and continuity of the company. It is important to note that Conti-Lines will continue to entrust its agency activities in all Belgian ports to Kennedy Hunter.” said Jean-Frédéric Brion, CEO, Conti-Lines Group.
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Source: Project Cargo Journal
