ESL Shipping Sells Agency Business in Sweden to GAC

Source: www.gulfoilandgas.com 12/1/2022, Location: Europe

AtoB@C Shipping, a subsidiary of ESL Shipping has entered into agreement to sell the agency business of its Swedish subsidiary NSG Norra Skeppningsgruppen to GAC effective from December 1, 2022. GAC is one of the world’s largest providers of ship agency, husbandry and many support services to ship owners and operators.

“We have been working with GAC in Finland for many years and we are pleased that we have found a good and experienced owner for the NSG business. I want to take this opportunity to thank all NSG employees for their dedication and commitment”, says Mikki Koskinen, Managing Director of ESL Shipping.

“We are pleased to welcome NSG to GAC Sweden,” says Johan Ehn, Managing Director of GAC Sweden. “This latest addition, following the acquisition of Hasting Ship Services AB in October, represents the latest step in our sustainable growth strategy, especially in the dry bulk sector. Together with our new colleagues, we will continue to strengthen our organisation, working even more closely with our customers in the region.”

The transaction enables ESL Shipping to concentrate on its core operations as the leading carrier of the dry bulk cargoes in the Baltic Sea region.


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