Australia’s largest privately owned shipping operator put up for sale

Australia’s largest privately owned shipping operator put up for sale

Australia’s largest privately owned shipping operator is up for sale. The Australian Financial Review is reporting Macquarie Capital has been hired by private equity firm CHAMP Ventures and logistics company Toll Holdings to ready a sale of Sea Swift, the Cairns-headquartered owner which ship database Equasis lists with 24 ships in its fleet, a mix of general cargo ships, roros, utility and landing crafts. An A$300m ($212.5m) price tag has been reported for Sea Swift.

CHAMP first invested in Sea Swift in 2012, and by last year had become the company’s majority shareholder. Sea Swift’s focus is across northern Australia. Its history dates back to the early 1970s.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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