Logistics company Sea-Cargo acquires controlling stake in Northwards

Freight company Northwards has signed a major deal which sees south-based logistics firm Sea-Cargo Aberdeen Ltd take a controlling stake.

The contract allows Sea-Cargo to take 62.5 per cent of Northwards shares. In return Sea-Cargo’s complete network for sales, marketing and operational services will be made available to Northwards and its clients.

The venture has been described as “an extensive strategic co-operation” and cements a commercial relationship the two have enjoyed for many years through terminal arrangements in Aberdeen.

It is hoped the deal will pave the way for new routes to be created and an upgrade in equipment. New vessels could appear once the ink on the agreement has dried.

Northwards managing director Neil Leslie said the deal would mean good news for the company.

He said: “The deal brings onboard a company who has a 62.5 per cent share in Northwards.

“It’s in a very strong position and is a well-run company that will help us evaluate the things we do to put in place processes that makes our business more efficient through time and to help to grow and develop it in the proper way.

“It’s business as usual at the moment and I can only see things getting better and us being able to add to what we do.”


Add Your Comment

Add Your Comment

Please note, it is the policy of The Shetland Times to publish comments and letters from named individuals only. Both forename and surname are required.

Comments are moderated. Contributors must observe normal standards of decency and tolerance for the opinions of others.

The views expressed are those of contributors and not of The Shetland Times.

The Shetland Times reserves the right to decline or remove any contribution without notice or stating reason.

Comments are limited to 200 words but please email longer articles or letters to editorial@shetlandtimes.co.uk for consideration and include a daytime telephone number and your address. If emailing information in confidence please put "Not for publication" in both the subject line and at the top of the main message.

200 words left

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Get Latest News in Your Inbox

Join the The Shetland Times mailing list to get one daily email update at midday on what's happening in Shetland.