Jumbo and SAL to form joint venture

German-based breakbulk and project cargo shipping company SAL and Dutch maritime heavy lift transport and installation contractor Jumbo have announced their intention to form a joint venture.

Combining a large part of their fleets, engineering, and commercial activities serves the goal of sustainable transport capacity and growth.

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 joint venture is subject to clearance by the German competition authority Bundeskartellamt and Dutch in-company legal requirements.

Both companies have started the necessary procedures toward obtaining formal approval.

Original Source: https://ocean-energyresources.com/2021/03/09/jumbo-and-sal-to-form-joint-venture/