ASP Ships takes stake in Coastal Bulk Shipping

Thu, 23 Apr 2020

Global marine services firm ASP Ships Group has bought a 50 percent stake in the operator of local cargo ship MV Anatoki, Coastal Bulk Shipping.ASP chief executive David Borcoski said the acquisition was part of its strategy to work with Coastal Bulk Shipping to develop New Zealand’s coastal shipping routes. ASP operates in New Zealand through subsidiary Silver Fern Shipping, which operates two tankers for Coastal Oil Logistics distributing oil from the Marsden Point refinery around the country.Coastal Bulk Shipping general manager Doug S...

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