Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Logistics

Logistics company sells 60% stake

29 Nov 2010 - by Joy Orlek
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Logistics company Aquarius Shipping International has sold a 60% stake to CWT Europe, the European arm of CWT Commodities – Singapore.
“Although we have ceded the controlling share of the company to CTW, there is an agreement in place which will ensure that the day to day running of the company will remain under the control of Aquarius Shipping,” ASI MD Robert Poverello told FTW Online yesterday.
The current staff will all be retained under the new structure, he added.
“Together with CWT, we envisage new synergies that will greatly grow the reputation of Aquarius Shipping and offer us the ability to expand and strengthen our standing on a global platform.”

Singapore-based CWT is a provider of integrated logistics solutions for worldwide customers in the commodities, chemical and petrochemical, marine, oil & gas, defence and industrial sectors.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Agile and scalable solutions needed for fast-changing market

Logistics

SA Cargo is enhancing its ro-ro routes and strengthening collaboration with its service providers to overcome the challenge of congestion.

25 Apr 2025
0 Comments

Softening freight rates point to downturn in NVOCC sector

Logistics

“The logistics landscape is constantly evolving – especially when it comes to consolidation,” said Michelle Horner, trade and WWA manager for SACO.

24 Apr 2025
0 Comments

Godongwana’s VAT reversal good news for business

Domestic

But more scrutiny of tax returns can be expected as the fiscus seeks to plug the gap, says a financial expert.

24 Apr 2025
0 Comments

BMA officials arrested for enabling illegal immigration

Border Beat
24 Apr 2025
0 Comments

Choppy water ahead as US anti-China fees threaten ocean alliances

Sea Freight

Joe Kramek, president and CEO of the World Shipping Council, is highly critical of the USTR’s approach.

24 Apr 2025
0 Comments

China outstrips competitors in EV R&D market

Logistics

Analyses suggest that China’s patents are increasingly high in quality and technological impact.

24 Apr 2025
0 Comments

SA inflation cools

Domestic

Lower fuel and education prices contributed to the slowdown in inflation.

24 Apr 2025
0 Comments

Africa Global Logistics announces Afcon partnership

Logistics

The MSC Group-owned company will support the men’s and women’s competitions with its advanced logistics solutions.

24 Apr 2025
0 Comments

Copperbelt cargo: Overborder hauliers continue to shun Zim

Road/Rail Freight
23 Apr 2025
0 Comments

Mixed bag of commercial vehicle sales

Imports and Exports

The US is the third-largest destination for South African automotive exports.

23 Apr 2025
0 Comments

Easter road fatalities decline

Domestic

Road crash data is still being verified but it appears safety has improved across most provinces this holiday season.

23 Apr 2025
0 Comments

Trump tariffs and world trade – who stands where?

Economy

The outcome of the talks with South Korea will be closely watched by other nations.

23 Apr 2025
0 Comments
  • More

FeatureClick to view

Sea Freight May 2025

Border Beat

Fuel-crime curbing causes tanker build-up at Moz border
Yesterday
Border police turn the tide on illegal crossings
29 Apr 2025
BMA officials arrested for enabling illegal immigration
24 Apr 2025
More

Featured Jobs

New

Inside Sales with Estimates Experience (Also suitable for an Estimator wanting to get into Internal Sales) CPT

Tiger Recruitment
Cape Town
07 May
New

Cost Estimator - Durban North

Lee Botti & Associates
Durban
07 May

Clearing and Forwarding Sales Executives

QI Logistics
ISANDO
06 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us