Extract from M&A Insights

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Norwegian joint venture, ANE Shipping, acquires Herning Shipping
January 30, 2018

An Norwegian joint venture, ANE Shipping, has acquired all activity of Herning Shipping from Nordic Tankers. The new company will be named Christiania Shipping A/S. Herning Shipping will still be operated from Denmark after the acquisition. Triton Partners has been primary owner of Herning Shipping since their acquisition of Nordic Tankers in 2011 but have tried to divest it since 2015. Herning Shipping reported a turnover of USD 93m but EBIT of USD -67m in 2017. The deal value is undisclosed.

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