Two companies have agreed in principle to acquire Rotterdam Short Sea Terminals (RST) from C. Steinweg Group.
Crestline Investors, Inc., a global institutional private capital investment management firm, and Blue Ocean Capital (BOC), a European port infrastructure specialist investment firm, are set to purchase RST.
For the purpose of the RST acquisition and further roll up acquisition opportunities, Crestline and BOC have formed Blue Ocean Terminals Limited. The vision is to become the partner of choice for maritime supply-chain solutions and develop a network of terminals and multi-modal logistics platforms.
“We are very pleased to be investing in Rotterdam Short Sea Terminals and becoming part of RST’S growth story,” said Jacob Ingemann Olsen, managing partner at Blue Ocean Capital (BOC).
He added: “We look very much forward to be part of the next journey of RST, where we will be looking to upgrade the terminal and support its continued growth.”
Growth focus
Andrey Panna, managing director at Crestline Europe LLP, the European affiliate of Crestline Investors, said: “We are enthusiastic to be part of this investment and look forward to supporting the team at RST to take the Company into its next phase of growth and building on its best-in-class performance.”
Founded in 1997, RST is Europe’s largest container hub for short sea shipping with direct services to Western Europe, Scandinavia, Southern Europe and North Africa. From its central location in the Port of Rotterdam, RST processes c. 1.3m TEU per year via its tri-modal connections.
Going forward, Steinweg has decided to focus on and further build its core business of global forwarding and warehousing for commodities.
