rss icon Subscribe
desktop mobile

Samskip Logistics Expands Reefer Portfolio

Posted by Michelle Howard

Samskip is to expand its global refrigerated foods transportation interests once more, announcing plans for Samskip Logistics USA to acquire the activities of New Jersey-based freight forwarder Rimar Consultants Inc.
Rimar Consultants is responsible for container business equivalent to between 10,000-12,000 TEU per year, and has developed a customer base over a 35-year company history, largely focused on U.S. seafood and meat exports. Subject to agreement with current owner Richie Maddalena, the acquisition is expected to bring three experienced Rimar consultants under the direct employment of Samskip.

"The purchase is strongly aligned with our continuing strategy to build reefer business," said Ásbjörn Gíslason, CEO of Samskip Logistics. "The merger of Rimar's activities into Samskip Logistics USA will bring indirect cost savings, better procurement, and scale economies. Rimar has strong relations with key carriers, truckers and trans-load vendors, and this will strengthen procurement and benefit Samskip Logistics network volumes.

"Timing for a deal is also favourable, given a strong outlook in this market for 2017. Integrating processes will be straightforward because the operational and documentation approaches are similar."

Relations between Samskip and Rimar extend back over a 20-year period, and established relationships between Rimar clients and Samskip Logistics suggest that the merger is unlikely to prove disruptive. Merging the two businesses would also bring significant opportunities for growth and spin-off activities, Gíslason said.
"Rimar's strengths have been focused on growing its FCL by sea business, but the same customers are very active in imports, cross-trading, storage and Air transport. opportunities. Their strong relations in Asia, South America and Europe, when combine with Samskip's network and expertise creates new opportunities for all parties in some of the world's key trade lanes."

Rimar staff will transfer to the Samskip New Jersey office. With a presence on the US market since 1994, Samskip Logistics opened new headquarters in Brunswick, New Jersey last year, trailing plans to open further U.S. offices later.

Samskip has been strongly acquisitive in the refrigerated transport and storage market over a sustained period, investing in more reefer vessels, reefer containers, cold-store and terminal operations, as well as forwarding. In 2016, Samskip Logistics took control of Silver Green AS, based in Bergen, Norway, which operates 14 reefer vessels, principally trading being in the North Atlantic, Baltic, North Sea and Black Sea. Samskip Logistics now owns five reefer vessels. Samskip also invested in new reefer container capacity last year and introduced web-based track and trace capability for temperature-controlled cargoes throughout its network.

Apr 20, 2017

 

Container Ships

CMA CGM to Tap Indonesian Market

Photo: CMA CGM

CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current

Yang Ming Halts Container Service to Iran

Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after

Shipping Still Hooked On Classics?

Graph: Clarksons Research

The shipping industry has long provided investors with opportunities for asset play

Logistics

Deutsche Invest Highest Bidder for Thessaloniki Port

© bestravelvideo / Adobe Stock

German private equity firm Deutsche Invest Equity Partners was the highest bidder for a majority

CMA CGM to Tap Indonesian Market

CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent, reported The Jakarta Post.   The company's senior vice president in

Yang Ming Halts Container Service to Iran

Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after

Maritime Apps