Kanoo Shipping buys Wallem South Africa
Middle-East based shipping agency Kanoo Shipping has acquired Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town. Kanoo Shipping is a part of Bahrain-based Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest, independent family-owned multinational businesses
May 31, 2018: Middle-East based shipping agency Kanoo Shipping has acquired Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town.
Kanoo Shipping is a part of Bahrain-based Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest, independent family-owned multinational businesses in the region.
The strategic deal will give it access to all South African ports as well as clients in Mozambique, Namibia and other destinations in the southern parts of the Indian Ocean.
Wallem South Africa, now Kanoo Africa, was part of The Wallem Group – the world’s largest providers of ship management, ship agency, ship broking, commercial vessel management and freight and logistics.
Handling its first vessel in 1911, Kanoo Shipping now operates in 20 countries, covering all principal ports and offshore tanker loading terminals around the Arabian Peninsula, including Iraq and assists with over 17,000 ship calls a year through a network that covers all ports from the Suez Canal to Sri Lanka and East/South Africa.