NEPTUNE Pacific Line (Neptune), which provides container shipping services in the Pacific between Australia, New Zealand and Fiji, has acquired Pacific Direct Line (PDL), a subsidiary of Singapore-headquartered, Pacific International Lines (PIL) .
Commenting on the purchase, Neptune, a
subsidiary of Los Angeles-headquartered The Wonderful Company, said in a
statement: "The combined business will seamlessly link transport,
warehousing, depots and customs clearance services and fully integrate
customers' supply chains across 18 South Pacific markets.
"The acquisition of PDL will strengthen Neptune's Melanesian and
Polynesian network, provide a link to Micronesia and the French
territories, and enhance connectivity to global markets via strategic
hubs in New Zealand and Fiji."
Managing director of Neptune, Rolf Rasmussen, said: "This purchase
supports our long-term vision of creating the strongest and best
regional network of shipping and logistics services in the Pacific
Islands.
"By acquiring PDL, we can further develop our mainline shipping network
to provide fixed-day services and increase the utilisation of our
combined fleet, enabling us to continue to offer competitive freight
rates. PDL's extensive logistics network will allow us to support our
customers across their entire supply chain needs."
Teo Siong Seng, executive chairman and managing director of PIL,
commented: "Our group strives to optimise our resources and to review
our overall business approach for new business opportunities.
"The divestment of PDL is part of our strategic move that enables PIL to
focus its resources on growing in the key liner markets that it
operates in Asia, the Middle East, Africa and South America. We will
continue to improve our liner services between Asia and Oceania
including the South Pacific Islands."
PDL currently operates throughout the South Pacific region and
specialises in providing liner shipping services from New Zealand and
Australia to the South Pacific Islands. With the acquisition of PDL,
Neptune will now have a specialised fleet of nine vessels dedicated to
South Pacific Island trades and a team of more than 800, most of whom
are based in supply chain services in the region.
"Pacific Direct Line was founded to support the socio-economic
development of the Pacific Islands by providing reliable, consistent
shipping and logistics services," said Oliver Ravel, CEO of PDL.
"Today, with the support of PIL, PDL has grown to become a market leader
in the South Pacific. By selling the business to our regional partner,
we can ensure that this legacy will live on and that our customers will
continue to be supported by a local service provider that understands
the needs of the region."
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