It has been learned that Greek integrated seaborne shipping company, Navios Maritime Holdings, Inc ("Navios") has entered into an agreement with Belgian shipping company Kleimar NV on the acquisition of this Belgian company. The agreement provides for an exclusive period in favor of Navios to negotiate a definitive agreement to acquire all of the shares of Kleimar NV, according to what was revealed by Navios on December 22 last.
Navios was founded in 1954 as a wholly-owned subsidiary of the United States Steel to transport iron ore from Venezuela and Canada to the United States. The Company became a public entity in 2005, with its stock listed on the NASDAQ. Annual liftings have exceeded 30 million tonnes and as many as 80 vessels have been operated by the Company at any one time. Main cargoes are iron ore, coal and grain.
Kleimar is a maritime transportation company focused primarily on the Capesize sector with an extensive Contract of Affreightment business transporting cargo to China. |
