Article: Hoegh Lines and Saga Forest Carriers to combine open hatch shipping activities.(Brief Article)

NORDIC BUSINESS REPORT-14 March 2002-Hoegh Lines and Saga Forest Carriers to combine open hatch shipping activities (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian shipping company Leif Hoegh & Co ASA announced today (14 March) that it had entered into an agreement to merge the open hatch shipping activities of its division Hoegh Lines with the shipping company Saga Forest Carriers.

"The forest product industry has gone through a major consolidation over the last few years and this trend is likely to continue. Both companies have so far operated their open hatch vessels ...

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