Heavy Lift Shipping Firms Create Powerhouse

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SAL Heavy Lift Group has acquired a major stake in Intermarine. Photo: SAL Heavy Lift

Posted October 15, 2020

Two of the most recognised names in the heavy lift shipping arena are coming together to create what is believed to be a yet unrivalled shipping setup within the Americas and for cross-Atlantic trade.

SAL Heavy Lift has acquired a major stake in Intermarine. Operating as an independent brand within the SAL Heavy Lift Group, Intermarine has tied its Americas liner service to SAL’s global heavy lift trade, bringing to market a major maritime breakbulk and heavy lift solution in the Americas. The new business arrangement is now in operation.

Speaking about the business deal, Svend Andersen, Intermarine CEO, stated: “In combination, it makes an unmatched setup in cross-Atlantic trading and intra-Americas heavy lift shipping.”

Martin Harren, SAL CEO, said: “We have for a while been looking at expanding our services in the Americas, and with Intermarine now being part of the SAL Group, we can enable further trade across the Atlantic, combining important trade between Africa, South America, North America and Europe.”

With the acquisition of Intermarine, SAL’s customers can benefit from more vessels being able to operate not only in and out of South America, but also into offsite river deltas, where SAL would otherwise have had limited access. Further, Intermarine customers will get access to the highly advanced heavy lift fleet of SAL, which, as the largest operator of +900t SWL vessels in the world, can efficiently connect cargo between Americas, Europe, Africa and Asia.

By Rebecca Jeffrey

Source: maritimejournal