Maersk Broker has struck its second expansionary deal in a week, with its latest move growing its geographical footprint.
Maersk Broker Bulk Chartering has become a major shareholder in NAODAN Chartering, it announced today.
Dan Valente, president of NAODAN Chartering, will continue to lead the company, which is well established on the west coast of the US and Canada, and Alaska.
The NAODAN name will also remain following the new partnership.
“We are confident that this new venture will increase our joint presence within the Pacific market and indeed globally,” Maersk Broker said.
“By entering the US west coast, west coast Canada and the Alaskan market place, Maersk Broker Bulk Chartering (MBBC) will be able to continue to grow our business within the dry cargo chartering market enabling us to provide an even better service to our global clients.”
Today’s deal is the latest in a long line of dry cargo expansions for Maersk Broker.
Earlier this week MBBC completed a merger with Wonsild Dry over three years after first becoming a shareholder.
Maersk Broker Bulk Chartering houses the company’s bulk business, outside of the sale and purchase space.
It took a strategic stake in Wonsild Dry in late 2015 and within six months it had also invested in Lanic, which was subsequently taken over.
