Kanoo Shipping Acquires Wallem South Africa
Kanoo Shipping, a shipping agencies in the Middle East will acquire Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town. Wallem South Africa, now Kanoo Africa PTY LTD, was part of The Wallem Group, the world’s largest providers of Ship Management, Ship Agency, Ship Broking, Commercial Vessel Management and Freight & Logistics.
The strategic acquisition by the fully owned business division of Yusuf Bin Ahmed Kanoo Group (YBA Kanoo) will give it access to all South African ports as well as clients in Mozambique, Namibia and other destinations in the southern parts of the Indian Ocean.
Handling its first vessel in 1911, Kanoo Shipping now operates in 20 countries, covering all principal ports and offshore tanker loading terminals around the Arabian Peninsula, including Iraq and assists with over 17,000 ship calls a year through a network that covers all ports from the Suez Canal to Sri Lanka and East/South Africa.
