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SAL and Jumbo to form heavy lift joint venture

Photo: Jumbo JUMBO.JPEG_.jpg
German shipowner SAL Heavy Lift and Dutch firm Jumbo have announced their intention to form a joint venture, consolidating the heavy lift sector.

Breakbulk and project cargo specialist SAL and heavy lift transport and installation contractor Jumbo will combine a large part of their fleets, engineering and commercial activities.

“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 companies said in a statement.

The joint venture is subject to clearance by the German competition authority and Dutch corporate legal requirements.

Late last year, SAL Heavy Lift acquired major stake in US-based Intermarine. 

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