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Logistec expands with Gulf Stream Marine

Canada-based Logistec has expanded its network of terminals with the acquisition of Gulf Stream Marine, a cargo handling and stevedoring specialist in the US Gulf Coast region.

Logistec says the acquisition will enable it to establish a stronghold in the US Gulf, while representing a major expansion of its network of terminals in the USA.

With Gulf Stream Marine's ten terminals in five ports, Logistec's cargo handling activities now cover 58 terminals in 35 ports in North America.

Logistec acquired 100 percent of the shares of Gulf Stream Marine for USD65.7 million, subject to adjustments.

 

www.logistec.com

www.gulfstreammarine.com

Heavy Lift | News

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Qatar Airways boosts B777 capacity

June 24 - Qatar Airways Cargo has placed an order for five Boeing 777 freighters, enabling it to establish additional trade routes and increase capacity on key trade lanes.
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Mammoet in Core partnership thumbnail image

Mammoet in Core partnership

June 21 - Mammoet USA has partnered with Core Industries, the owner and operator of Theodore Industrial Port near Mobile, Alabama.
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Modern adds to fleet thumbnail image

Modern adds to fleet

June 21 - Ontario-based Modern Crane has received Canada’s first 300-tonne capacity Demag AC 300-6 all-terrain crane.
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Heavy Lift Across The World

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