Vertom and UAL Combine Businesses to Expand Reach
Dutch shipping and logistics group Vertom and fellow multipurpose specialist Universal Africa Lines (UAL) have unveiled plans to combine their businesses in a move aimed at expanding their reach across key breakbulk, project cargo and container trades.
Creating a Stronger Platform
The proposed transaction will bring together Vertom’s shortsea shipping network and fleet of more than 80 vessels with UAL’s established liner and project cargo operations serving the Atlantic basin and Africa.
The companies said both businesses would continue to operate under their existing brands and maintain their individual identities while exploring opportunities for closer cooperation across commercial activities, fleet deployment and customer services.
Benefits of the Combination
- Strengthened positions in the liner and multipurpose shipping markets
- Enhanced service offering through combined fleets, networks and expertise
- Broader network linking Europe, the Caribbean, the US Gulf, South America, West Africa and East Africa
The combination is expected to create opportunities to optimise vessel utilisation, expand market access and enhance integrated logistics offerings covering breakbulk, project cargo and container shipments.