STEAMSHIPS Shipping’s charter liners and coastal shipping river services arms have come under the management of Papua New Guinea’s Consort Express Lines.
Steamships managing director Peter Langslow and Consort board director Denniston McInnes signed a merger agreement between the groups in June.
Under the merger arrangements, Steamships has increased its shareholding in Consort to 70 per cent, from 51%.
Steamships said the merger will allow the company to enhance its business operations in the marine industry and continue providing its shipping services in the country.
With the recent changes Consort, which is a leading provider of liner trades and project charters that call into 15 ports in PNG and Townsville in Australia, will now provide coastal and river shipping services in PNG.
Steamships’ domestic projects and charters capability consists of a fleet of nine landing craft, one small bunker, two river suitable tugs and two flat barges.
“Consort intends that this merger will enhance its ability to provide its customers with increased shipping options throughout PNG,” Consort said in an announcement.