Freight News, Sea

Geest Line sold to rivals

[ April 13, 2021   //   ]

Seatrade Group and Jamaica Producers Group Limited are to jointly acquire fellow Caribbean shipping operator Geest Line. The latter will continue to operate independently and look for further opportunities to extend its trade. Geest Line said the acquisition was a positive development.

Seatrade, headquartered in Curacao, specialises in reefer shipping services. JP, headquartered in Kingston, Jamaica, has interests in Caribbean logistics services, port terminal operations, specialty food and drink production and agribusiness.

President of Seatrade Yntze Buitenwerf and JP chief executive, Jeffrey Hall, noted in a joint statement: “Geest Line is a company with a rich history of delivering excellent service to its customers on both sides of the Atlantic over the last 65 years. We look forward to working alongside Captain Peter Dixon, Geest Line managing director, and his highly professional team in the UK as we continue this legacy and support Geest’s next stage of growth.”