Delphis completes Team Lines buyout
Belgian short-sea carrier Delphis Monday completed the acquisition of North Europe’s second-largest feeder operator, Team Lines, for 40 million euros ($51.3 million) from Finnish carrier Finnlines.
The new Delphis-Team Lines Group will be one of the five largest common feeder operators in the world with 45 ships and an annual volume of more than 1 million TEUs.
Delphis is also in the process of taking over North Europe/Iberia carrier Portlink from A.P. Moller-Maersk subsidiary Safmarine Container Lines.
Delphis completes Team Lines buyout
