Shipping company Geest Line has been sold. Seatrade from Groningen and Jamaica Producers (JP) have taken over the company. The parties have not disclosed the purchase price involved in the deal.
Geest Line has been serving the Caribbean and Latin American markets for more than 65 years. The shipping company transports containers, breakbulk and reefers, among other things. The origins of Geest Line’s service lie in the shipping of bananas.
The parties acquiring Geest Line are also both active in the Caribbean. Seatrade specialises in reefer vessels. JP focuses on logistics services and the production of speciality food, beverages and agribusiness in the Caribbean.
Geest Line says it views the acquisition as a positive development, ‘as both JP and Seatrade have a strong track record in the trade and the regions it serves and know the trade well’. Geest Line will continue to operate independently in serving its existing customers and markets, the shipping company said.
Picture by Kolforn/Wikimedia.
This article first appeared in Dutch on Nieuwsblad Transport, a publication of SWZ|Maritime’s publishing partner Promedia.