Danish dry bulk owner and operator Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake.
The Copenhagen-headquartered outfit, which manages a fleet of between 90 and 110 geared handysize and ultramax vessels, is taking over the Burlington-based company for an undisclosed sum.
The deal adds valuable competencies and strong client relations to the Lauritzen Bulkers chartering and freight offerings, the company said.
Operating for more than 30 years, Alexander & Blake’s core trades cover the North and South American markets.
The company’s current employees, operation, and customer contracts will continue under the brand name Alexander & Blake – by Lauritzen Bulkers.
“The discussions we have in the past months with the Alexander & Blake team have confirmed to us their excellent competencies and how they will add value to Lauritzen Bulkers’ global shipping services from day one,“ said Rasmus Francis Jensen, vice president of chartering and Lauritzen Bulkers Parcel Service.
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