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CNCo buys PPL

July 10 - The China Navigation CO (CNCo), the deep-sea shipping arm of the Swire Group, has taken 100 percent ownership in Polynesia Line Ltd (PLL).

CNCo has held a minority 13 percent shareholding in Polynesia Line since 1979, and Tim Blackburn, managing director, CNCo comments: "We have tremendous confidence in PLL's position as the premier US West Coast to the Pacific Islands shipping service which has been established over many years."

A statement from CNCo said that following the purchase it will be "business as usual" at PLL - the management service will remain in San Francisco, USA; Interocean Steamship Corporation with continue to operate as the line's agent in the USA; there will be no change to existing agency agreements in place at the key ports in the Pacific islands.

Chris Daniells, general manager, Swire Shipping, concludes that "CNCo, through its liner shipping division, Swire Shipping, has established an extensive network in the Pacific Islands over 75 years and PLL will enhance its position as the leading, independent regional carrier."

Heavy Lift | News

Tschudi delivers for Belgian paper mill thumbnail image

Tschudi delivers for Belgian paper mill

August 22 - Tschudi Logistics has coordinated the delivery of five digesters and a liquor accumulator for Burgo Ardennes’ paper mill in Belgium.
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PPG counts down to 12th annual conference thumbnail image

PPG counts down to 12th annual conference

August 22 - The Project Professionals Group (PPG) is preparing for its 12th annual conference, which will take place in Ho Chi Minh City, Vietnam, from September 25-27, 2019.
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