Höegh Autoliners has announced the completion of the transaction that makes Höegh Autoliners owner of the ocean service operated by SC Lines in the Caribbean, 50% owner in Fast Terminal International and sole owner of the terminal in Port Everglades, Florida, US.
The transaction closes the deal under the Memorandum of Understanding that was signed in January this year. The ownership in Fast Terminal International and the Port Everglades terminal will be managed through Höegh Autoliners’ terminal operating arm; Horizon Terminal Services.
The short sea services provided by SC Lines in the Caribbean and American markets will be incorporated with Höegh Autoliners current regional shortsea operation, and will be marketed under the Höegh Autoliners’ brand as Höegh Autoliners Shortsea Americas. This service will connect with Höegh’s deep sea network to and from the region, creating a global reach.