• ITVI.USA
    16,240.330
    -110.510
    -0.7%
  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
    0.6%
  • OTVI.USA
    16,233.310
    -109.890
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
  • ITVI.USA
    16,240.330
    -110.510
    -0.7%
  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
    0.6%
  • OTVI.USA
    16,233.310
    -109.890
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
American Shipper

SAFMARINE BUYS OUTSTANDING SHARES IN SAFBANK

SAFMARINE BUYS OUTSTANDING SHARES IN SAFBANK

   Antwerp-headquartered Safmarine said that it will acquire the 25-percent share it did not already own in SafBank Line Ltd. from U.K.-based Andrew Weir Shipping on Nov. 30.

   Safmarine said that it will continue to operate, unchanged, the North America/southern Africa and North America/Australasia liner services of SafBank, after it has taken full control of the company.

   The takeover marks the end of a long cooperation between Safmarine and Bank Line, a sister company of Andrew Weir Shipping, since the SafBank joint venture was created in 1988.

   Safmarine has filed a notice about the change with the U.S. Federal Maritime Commission.

   It is expected that SafBank’s services will be renamed Safmarine.

   SafBank runs a weekly direct container service between the U.S. and southern Africa in cooperation with its sister company Maersk Sealand, and with Mediterranean Shipping Co.

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