Singapore: The China Navigation Company (CNCo), the shipping arm of the multinational Swire Group, has signed a conditional sale and purchase agreement to acquire Pacifica Shipping (Pacifica) from the Skeggs Group of companies in New Zealand.
Brodie Stevens, Country Manager CNCo (New Zealand) said, “We are optimistic that the purchase will be completed in the coming weeks. We will be increasing our investment in New Zealand’s shipping and logistics industry. We look forward to expanding and improving the valuable domestic transport solutions which Pacifica currently provides and we are confident that the operational and environmental benefits of coastal shipping will continue to play a significant role in the sustainability of New Zealand’s transport infrastructure.”
Based on the sale proceeding, Pacifica will remain an independent operation headquartered in Auckland. [17/12/13]
