Hamburg Süd completes sale of dry bulk units to China Navigation
The combination will help develop The China Navigation Company’s strategic expansion in the larger segments. Hamburg Süd’s RAO Tankers business will however remain part of the group
The divested units have offices in Hamburg, London, Melbourne and Rio de Janeiro and a chartered fleet of about 45 vessels in the handysize, supramax/ultramax and kamsarmax/panamax segments
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