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201005 SAL acquires major stake in Intermarine (1).jpg Photo:SAL

SAL acquires major stake in Intermarine and expands in the Americas

SAL Heavy Lift and Intermarine will join to create a shipping setup within the Americas and for cross-Atlantic trade.

Operating as an independent brand within the SAL Heavy Lift Group, Intermarine will tie its Americas liner service to SAL’s global heavy lift trade bringing to the market a comprehensive maritime breakbulk and heavy lift solution in the Americas.

For over 30 years, Intermarine has provided breakbulk liner services between North America and South America and in the Caribbean, in combination with a strong intra-South America trading network. Intermarine will continue to serve its customers throughout the Americas as part of the SAL Heavy Lift Group.

New at the helm of Intermarine will be ceo and shareholder Svend Andersen. He will assisted by  Intermarine veterans Richard Seeg as President and Chad Call as Vvce president and cfo.

“The joining of Intermarine with the SAL organisation is a perfect matching of two companies which share the same basic set of values and business philosophy yet with a different fleet of vessels, resources and outreach. In combination, it makes an unmatched setup in cross-Atlantic trading and intra-Americas heavy lift shipping. I have invested in this venture, as I see great prospects in bringing the Intermarine brand and business onwards under the helm and support by SAL Heavy Lift as a top brand in the heavy lift shipping industry,” said Andersen.

SAL sees great value in enlarging its footprint in the Americas by offering a wider range of shipping opportunities and scope of services to both existing and new customers. With the acquisition of Intermarine, SAL’s customers can benefit from more vessels being able to operate not only in and out of South America, but also into offsite river deltas, where SAL would otherwise have had limited access.

Martin Harren, SAL ceo, added: “We have for a while been looking at expanding our services in the Americas, and with Intermarine now being part of the SAL Group, we can enable further trade across the Atlantic, combining important trade between Africa, South America, North America and Europe.”

The Intermarine fleet consists of multi-purpose heavy lift vessels that are IMO and Lakes fitted and with lifting capacities up to 400 tonnes SWL, which compliments well with SAL’s fleet of both ice class vessels, IMO fitted and Lakes fitted vessels, and vessels with lifting capacities up to 2,000 tonnes. Together it makes a comprehensive fleet proposition for customers both inside and outside of the Americas.

The new business conglomeration begins commercial operation effective immediately.

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