Spliethoff Group and ForestWave announced today that the Dutch shipping company will join the Spliethoff Group as its seventh business unit per September 30th. With this expansion, the number of vessels commercially operated by the Spliethoff Group has grown to a combined fleet of over 140 vessels.
Group members Spliethoff and Sevenstar Yacht Transport and ForestWave have been successfully and closely working together for quite some time in the sea transportation of mainly bulk cargoes and yachts. This cooperation will now be intensified under the umbrella of the Spliethoff Group.
This partnership, whereby Spliethoff Group will become ForestWave’s majority shareholder. empowers ForestWave to realise their full potential in maritime and offshore logistics. The company will retain their brand name, identity, and continue to manage their operations independently under the same dedicated management team.
On behalf of the Executive Board of Spliethoff Group Messrs Ingmar Bras (CFO) and Michael van den Heuvel (CCO) emphasize the importance of this step: ‘After so many years of constructive and pleasant cooperation with ForestWave, formalising this cooperation is a logical step. The takeover of ForestWave will provide synergy and enables us to offer our clients an even broader scope of logistic solutions. We look forward to a productive cooperation.’
Mr Fred Diepeveen, Managing Director of ForestWave adds: ‘This strategic alliance with the Spliethoff Group enables us to realise our full potential. We maintain our identity and independent operations, while we benefit from new opportunities. Together we will be able to serve our clients and colleagues even better.’
ForestWave, founded in 2003, is a fast-growing provider of maritime and offshore logistics services. The company, with its head office in Groningen, the Netherlands, and offices in the UK and Spain, operates a fleet of 30 multi-purpose vessels with loading capacities from 5,000 to 12,500 mt. ForestWave is active in short sea and worldwide ocean transportation, mainly in European waters and the Atlantic basin. The range of services includes chartering, ship management, project development and purchase and sale of vessels. The company serves various markets, such as bulk, forest products and offshore (wind).
Spliethoff Group, with its head office in Amsterdam, has been a leading shipping company for over 100 years. In addition to ForestWave, the Group comprises the business units Spliethoff, BigLift Shipping, Wijnne Barends, Transfennica, Bore, and Sevenstar Yacht Transport, The Group offers a broad portfolio of specialised services in the field of worldwide ocean transportation. Versatility and flexibility are the hallmarks of the Spliethoff Group and its fleet of 117, soon 147, vessels, consisting of a diversity of vessel-types ranging in size from 2,100 to 23,000 mt.
Source: Spliethoff Group / ForestWave. Top image: Timber Navigator Source: ForestWave