The initial deal has been put in place to allow the two companies to jointly execute current opportunities on a short-term basis for both market and fleet activities, a statement said.
Family owned J Poulsen is active in the multi-purpose and heavy-lift arenas, while HBC is a dry cargo owner and operator.
Anders Poulsen, who will remain as chief executive of J Poulsen, explains the majority of MPP ships are still controlled in Germany, which he says is a “closed shop”.
