Lighthouse Navigation sees change in ownership
Published by Oliver Kleinschmidt,
Editorial Assistant
Dry Bulk,
Belships has entered into an agreement to divest its stake of 50% in Lighthouse Navigation Pte Ltd against a cash consideration which will be paid to Belships over a period of 15 months.
As part of the transaction, Belships has acquired 33% of the shares in Lighthouse Navigation Management AS, increasing Belships’ ownership to 67%. Closing of the transaction has been completed.
“Ever since incorporation Lighthouse Navigation has been a success story, and this ownership change is to focus and simplify Belships’ involvement within dry bulk operating businesses. This is a transaction conducted in good spirit, and the commercial management of the Belships fleet will continue to be handled in the same manner as today, in co-operation between the offices in Bangkok and Oslo”, said Lars Christian Skarsgård, CEO of Belships ASA.
Click here for free registration to Dry Bulk
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/30042024/lighthouse-navigation-sees-change-in-ownership/
You might also like
Burns Harbor starts record construction season
Ports of Indiana's Burns Harbor has kicked off a record construction season with more than US$77 million in projects underway at the Lake Michigan port.