Kanoo Shipping acquires Wallem South Africa

Kanoo Shipping acquires Wallem South Africa

Bahrain-based Kanoo Shipping, a major regional shipping services provider in the Middle East, has entered into an agreement to acquire Wallem South Africa, a unit of Hong Kong’s Wallem Group.

Wallem South Africa provides a series of maritime solutions, including shipmanagement and ship agency. It will be renamed Kanoo Africa following the completion of the deal.

Kanoo Shipping, a unit of Yusuf Bin Ahmed’s Kanoo Group believes the deal will give it access to all South African ports as well as clients in Mozambique, Namibia and other destinations in the southern parts of the Indian Ocean.

“Wallem is a reputable name in the maritime industry and acquiring its operations in South Africa will be a gateway for Kanoo Shipping into the continent of Africa. At group level YBA Kanoo’s shipping and logistics business divisions will benefit from having a solid footprint in Africa which will reflect positively on the services they provide to their clients,” said Fawzi Ahmed Kanoo, acting CEO of the Kanoo Group.

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.

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