MACS parent acquires Hugo Stinnes

December 8 - Vineta, the holding company of Hamburg-based multipurpose shipping line MACS, has acquired 100 percent of the shares of Rostock-based Hugo Stinnes Schiffahrt.

Following the acquisition, MACS is expected to close its transatlantic North West Continent to North America (MTA) service and join Hugo Stinnes' SanMex breakbulk service, which currently calls at the ports of Antwerp, Bremerhaven and Bilbao, as well as Charleston, Veracruz and Houston.

As a result of the transaction, Hugo Stinnes will also charter vessels from MACS, which maintains a fleet list of 12 multipurpose and breakbulk vessels, including the most recent Blue Series II, Golden Karoo, Bright Sky and Green Mountain newbuilds.

 

www.macship.com

www.stinnes-linien.de

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