Consolidation in the heavylift sector shows no sign of slowing down with Germany’s SAL and Dutch firm Jumbo announcing their intention to form a joint venture.
Breakbulk and project cargo specialist SAL and heavylift transport and installation contractor Jumbo will combine a large part of their fleets, engineering and commercial activities.
“The Jumbo-SAL-Alliance would be focused on gaining logistical efficiencies, such as joint fleet operations, and benefits for its customers, such as increased flexibility and offering customers worldwide a carefree logistics solution for both breakbulk and outsized cargoes,” the companies said in a statement.
The joint venture is subject to clearance by the German competition authority and Dutch corporate legal requirements.
Late last year, SAL Heavy Lift acquired a major stake in US owner Intermarine in a deal which saw former BBC Chartering boss Svend Andersen step in as CEO.