The sale of container feeder operator Bengal Tiger Line (BTL) heralds a revamp of the business, managing director Bill Smart believes.
It provides the funding to expand the geographical reach of the Singapore-based feeder operator as well as to build new partnerships with other Asian lines, he said.
The comments follow the news that BTL shares held by founding partners Schoeller Holdings and Transnaval Schiffahrts have been sold for an undisclosed price.
