CSL to acquire 50% of Eureka Shipping, SMT's pneumatic cement vessel business

CSL agreed to acquire a 50% stake in Eureka Shipping Ltd., SMT Shipping's pneumatic cement carrier business, forming a joint venture for seaborne cement powder and fly ash transport. The deal was announced on 8 May 2018 and was expected to close by end of June.

“The joint venture represents an important step in CSL's strategy to increase its presence in the global construction material sector.”cslships.com

• 1 source
• cslships.comCSL and SMT Shipping Team Up in Global Cement Shipping Joint Venture | CSLMay 8, 2018

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