LONRHO HAS
acquired a further
15.7% stake in SA
Independent Liner
Services for US$8.96 million, according to a
company statement.
This increases
its holding in the
shipping line to
66 .7%.
SAILS serves the
SA, West Africa,
Europe route.
Trickle traffic through the Strait of Hormuz, hugging the Iranian coastline at Qeshm and the islands of Hormuz and Larak, has brought no significant change to the closed-off waterway.Source: Research Gate
