OT Africa Line to be acquired by the Bollore Group

Friday, September 17, 1999
The Bollore Group has signed a contract with the aim of acquiring OT Africa Line, the British shipping line, and its landside network in Africa. The object of this move is to reinforce the Group's position in the Europe-Africa trade with the important contribution that OTAL can make, particularly in the traffic flows from the U.K., Germany and Benelux to the anglophone markets of Ghana and Nigeria. The OTAL organization will remain independent from Delmas, a Bollore Group liner shipping subsidiary, although potential economies in matters of common interest such ships and containers will be researched and evaluated. Moreover OTAL's management team will remain based in London. In Africa, where OTAL has established significant landside operations, the Bollore Group will endeavor to maintain the autonomy of this network in order to continue to serve its client lines independently as it did in the past when it acquired the SAGA network.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1133 sec (9 req/sec)