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Evergreen Marine acquires majority stake in Chile’s Green Andes Shipping Agency  

Evergreen Marine has acquired a majority stake with 60% shareholding in Chilean Green Andes Shipping Agency (GASAC), the online publication Global Legal Chronicle reported.

The Chilean company is a subsidiary of the Ultramar Group, a leader in the maritime activity in the South American country. 

The Ultramar Group also operates several terminals in Chile: TPS in Valparaiso, Puerto Mejillones, Puerto Coronel, Angamos, TGN and TPA. The group owns a number of shipping companies transporting specialised cargo such as Ultratank, Ultragas, Ultrabulk and Transmares as well as logistics companies and tugs and towage companies. 

Evergreen Marine, headquarted in Taiwan is a major, privately owned, container line.

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