AsiaContainers

Hartnoll confirms talks to invest in TransLiner

Tim Hartnoll, the executive chairman of X-Press Feeders, part of the Sea Consortium group, has confirmed his family’s private equity business is in negotiations to invest in NVOCC TransLiner.

Splash reported earlier this week that X-Press Feeders was close to sealing the acquisition of TransLiner.

“The Hartnoll family private equity business, which has investments in various sectors including hotels, specialist investment funds, technology and energy, confirms that it is in discussions with TransLiner to invest in its business consistent with the family’s long history of involvement in the shipping industry,” Tim Harnoll, executive chairman of X-Press Feeders, announced on social media.

Hartnoll said that the existing management team of TransLiner will remain as shareholders and continue to run the business.

TransLiner, led by Ashok Pillay, has a network covering Southeast Asia, India, the UAE as well as West Africa.

X-Press Feeders is the world’s largest container feeder operator with a fleet of more than 110 vessels, including 43 fully owned.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

Comments

  1. X Press Feeders’ prided itself to be the only ‘independent’ common carrier feeder which truly is its USP. However this acquisition by its owners does put question mark on its ‘independent’ status. The owners have attempted to distance X Press Feeders brand from this acquisition, however social media post by Tim Hartnoll is liked by the who’s who of X Press Feeders 🙂 Interesting!!

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