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.