Subscribe to RSS feedSwire takes control of PNG's Consort line
by
Dale Crisp
—
last modified
Dec 21, 2009 04:45 PM
The Swire Group has taken majority control of Papua New Guinea’s Consort Express Line after buying half of Lutheran Shipping’s shares.
Consort has been owned in equal parts by Swire-owned Steamships Trading, the Lutheran Church’s Lutheran Shipping and Hong Kong businessman Anton Lee, a former Rabaul resident.
The purchase takes Steamships Trading's holding to 51% and, according to a statement from the...
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