Denmark's Wrist Ship Supply has continued to consolidate in the sector with the takeover of Belgian rival Van Hulle.
The move strengthens its position in the key Antwerp-Rotterdam-Amsterdam (ARA) market.
Antwerp‐based Van Hulle will operate as a stand‐alone business unit, Wrist said.
Wrist CEO Robert Kledal said: “We are looking forward to initiate a great cooperation with Van Hulle and we will for sure benefit both ways from each our experiences in the ship supply market.”