ASP Ships Group takes 50% stake in Coastal Bulk Shipping

CBS owns and operates the general cargo vessel/bulk carrier Anatoki around the coast of New Zealand, which it has operated since 2008.

CBS general manager Doug Smith said: “ASP will greatly assist the company to further explore and develop a number of opportunities the company has identified over recent times. With ASP as a major shareholder CBS will have important and key access to a strong network of marine logistics, ship management and technical support services through ASP’s network of offices in New Zealand, Australia and worldwide.”

The Anatoki is able to successfully and safely navigate shallow harbours such as Wanganui, Westport and Greymouth.

ASP Ships Group ceo David Borcoski said, “the acquisition of 50% of CBS is a strategic one with ASP and CBS combining their core strengths and focused on developing the

NZ coastal bulk shipping trades. Coastal shipping is an environmentally friendly transport mode on a tonne/kilometre basis and we will work closely with current and future customers to provide both a resilient and an environmental friendly footprint to their bulk shipping task.”