With this latest addition, EMS will be able to serve a total of 600 ports around the globe.

Financial details of the deal were not disclosed but the Norwegian company said Wave will continue as a standalone division.

Alongside the takeover, EMS has named Lars Rosenkrands, former chief executive officer (CEO) and founder of Wave, as its new CEO.

He has 30 years of experience in the shipping industry, having worked – among others - for Maersk, Inchcape Shipping Services and J Lauritzen.

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