ASP Ships Group has acquired a 50% stake in Coastal Bulk Shipping, a New Zealand business.

The decision was confirmed in an announcement by CBS.

CBS owns and operates the MV Anatoki, an 820DWT general/bulk cargo ship that has operated around the New Zealand coast since 2008.

CBS general manager Doug Smith welcomed ASP to the company.

“ASP will greatly assist the company to further explore and develop a number of opportunities the company has identified over recent times,” Mr Smith said.

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“With ASP as a major shareholder CBS will have important and key access to a strong network of marine logistics, ship management and technical support services through ASP’s network of offices in New Zealand, Australia and worldwide.”

ASP Ships Group CEO David Borcoski said the acquisition of 50% of CBS was a strategic one with ASP and CBS combining core strengths and focused on developing the New Zealand coastal bulk shipping trades.

“Coastal shipping is an environmentally friendly transport mode on a tonne/kilometre basis and we will work closely with current and future customers to provide both a resilient and an environmental friendly footprint to their bulk shipping task,” Mr Borcoski said.

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