New offshore logistics business C Transport Maritime,Swire CTM Bulk Logistics, Joint ventures, May/June 2008

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Published: May/June 2008

New offshore logistics business

Looking to the Indonesian market is Swire CTM Bulk Logistics, a 50:50 joint venture between the China Navigation Company (CNCo), part of the Swire Group, and Monaco-based C Transport Maritime (CTM), the commercial arm of DryLog, a 100% subsidiary of Ceres Shipping.

The new company will offer tailormade floating storage and loading capacity at draught-restricted ports and other pinch-points in the marine logistics chain, and aims to design, build (or convert from existing tonnage) and operate transhipment vessels, bulk transfer barges, floating cranes and other specialist ships on behalf of its customers....

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This complete item is approximately 240 words in length, and appeared in the May/June 2008 issue of CoalTrans International, on page 20.

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