Seacor sells US-Caribbean liner fleet and logistics business

The da Costa Gomez-owned King Ocean Services specialises in marine transport and logistics solutions to close to 50 destinations across the Caribbean and South and Central America out of its Port Everglades facilities in Florida.

“For 40 years, King Ocean Services, a multi-generational, family owned business, has built a strong reputation for safety, reliability and trust among its people and customers,” said Seacor Holdings chief executive Eric Fabrikant. “As the next stewards of Seacor Island Lines, King Ocean has the values, vision and resources to meaningfully invest in the company’s future and create lasting opportunities for development and growth.”

Seacor Island Lines serves nearly 30 stops across the Bahamas and Turks and Caicos Islands, providing a range of containerised and refrigerated cargoes, breakbulk and heavy equipment. The company, formerly known as G&G Shipping, was acquired by Seacor in 2011.

King Ocean Services president and chief executive Jose da Costa Gomez said the acquisition enhances his company’s existing offering, adding new end-markets and marine and shoreside infrastructure. Seacor did not disclose the selling price. 

He said, “I would like to recognise Eric Fabrikant and Seacor Island Lines’ chief executive Daniel Thorogood for their strong governance and management of business and to welcome our former colleague Charles Gittens back to King Ocean as he continues in his role as president. We look forward to ensuring a smooth transition for all and continuing to deliver superior service to our customers, both existing and new.”

Mr Thorogood added, “Having served at the helm of Seacor Island Lines for nearly 13 years, I can say with confidence the company has a bright future with King Ocean Lines, a legacy provider in our core markets. Together, the operational efficiencies and new growth opportunities will unlock greater value for our customers and employees alike.”