Sea-Cargo takes majority stake in Shetlands forwarder

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Sea-Cargo Aberdeen has acquired 62.5 per cent of the shares in Shetland based Northwards, and the two firms have entered a strategic cooperation project.

The two logistics providers have had a commercial and operational relationship for years through terminal arrangements in Aberdeen. However, the new agreement will involve Sea-Cargo’s complete network for sales, marketing and operational service being made available to Northwards and all its clients.

Sea-Cargo Aberdeen is a North Sea market logistics provider, fully owned by Sea-Cargo AS in Norway.

Northwards is a Shetland based company operating freight and livestock haulage to and from the Northern Isles, with offices and depots in Shetland, Orkney, Aberdeen, Scrabster and Inverness.

Sea-Cargo has placed Tor Gjoestein and Ole Saevild on the board of directors of Northwards. Murray Prentice also became a director, and he will also take a corporate consultancy role.

Sævild, managing director of Sea-Cargo said: “I am very pleased with the new strategic joint venture – and very optimistic about the possibilities. The concept of this joint venture includes introduction of new and modern services, equipment and not at least new routes to complete the existing transport network. Sea-Cargo, who is also a ship owner with focus on vessels operations and sea based infrastructure, will certainly also be looking at the possibilities of introducing a new and modern sea-based infrastructure.”

Neil Leslie, managing director of Northwards said: “Sea-Cargo will bring onboard a full transport network that will complement Northwards’ existing operations and with their corporate strength Northwards is set to grow and develop its services in many areas.”

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