Sea-Cargo, 27th April 2010 Sea‐Cargo has since 2001 spent considerable resources on building an infrastructure that covers all parts of its service network. This includes fully owned subsidiaries in all key ports, Bergen, Stavanger, Esbjerg, Immingham, Aberdeen, Amsterdam – and now finally at the Møre/Nord Møre region through the creation of Sea‐Cargo Agencies Kristiansund. |
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Sea‐Cargo has had a clear
strategic view of extending its infrastructure in line with the continuously developing service network. A special focus on the Møre area led eventually to a close dialog with Shipping Service AS in Kristiansund for a possible acquisition. Shipping Service was a well established ship agency ‐ representing shipping lines and shipping interests in Kristiansund for more than 4 decades. Shipping Service was also providing terminal and stevedore services for Sea‐Cargo, Nor Lines and Hurtigruten. |
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However, Shipping Service turned out to be badly hit by the financial crises – and it was eventually
apparent that they were unable to service their debt. A final attempt to save the company failed, and the
owners were at last left with no alternatives but to file for bankruptcy (filed today – 26th April 2010).
Sea‐Cargo will also seek to take over other services and clients of Shipping Service – and are already in a close dialog with the majority of the parties affected by the bankruptcy. Sea‐Cargo would like to underline that while we have no influence or involvement with the bankruptcy of Shipping Service AS – we will as from Tuesday 27 April guarantee for any/all services and any commercial/operational parts of the business that is transferred to Sea‐Cargo Agencies Kristiansund (as from same date). However, we would like to stress that any business prior to April 27th is subject to the trustee and a final dividend found by the administrator of the bankruptcy – were unfortunately also Sea‐ Cargo would file a considerable claim. SEA‐CARGO AGENCIES KRISTIANSUND. |
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| Einar Barth will be leading a team of
six – being a combination of Sea‐
Cargo staff and key members of staff from the former Shipping Service organisation – having accepted a position with Sea‐Cargo Agencies Kristiansund (for full details see illustration right). The Corporate profile is based on three business units; Ship Agency, Terminal/Stevedoring/Warehousing – and finally Sales and Logistics (as already established throughout the Sea‐Cargo network). |
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Sea-Cargo Agencies Kristiansund has also entered into an agreement with the trustee of the bankruptcy to purchase both tangible and none tangible assets – being terminal and office hardware, phones and computer systems and finally ‐ email and communication numbers. This enables Sea‐Cargo Agencies Kristiansund to provide clients and supplier with an immediate and uninterrupted service at Devoldholmen and elsewhere in the region.
SEA‐CARGO AGENCIES KRISTIANSUND |
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