Germany’s SAL Heavy Lift has acquired a majority stake in Intermarine, a US-based shipbuilder, media reports said. The development will see a great shipping trade network between the Americas and Europe.
Intermarine will be operated as an independent brand within SAL Heavy Lift, as part of the deal. The company’s America’s liner service will be tied with SAL’s global heavy lift trade. The move by Intermarine will bring the most comprehensive maritime breakbulk and heavy lift solution in the Americas market.
Svend Andersen, CEO Intermarine, told the media, “The joining of Intermarine with the SAL organization is a perfect matching of two companies which share the same basic set of values and business philosophy yet with a different fleet of vessels, resources and outreach. In combination, it makes an unmatched setup in cross-Atlantic trading and intra-Americas heavy lift shipping. I have invested in this venture, as I see great prospects in bringing the Intermarine brand and business onwards under the helm and support by SAL Heavy Lift as a top brand in the heavy lift shipping industry.”
Intermarine has provided high-quality breakbulk liner services between North America and South America and in the Caribbean for more than 30 years, and the new partnership will see new development across the Americas and the European zone.
The development will allow SAL to expand its presence across the Americas by delivering new shipping opportunities and scope for its customers.
The global shipping and ports industry have also been affected by the pandemic like any other industries.