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Spain’s Pérez buys Caribbean feeder network
[ October 12, 2018 // Chris ]Spain’s Pérez y Cía has reached agreement for to acquire CFS Caribbean Feeder Services from German fleet management firm Harren & Partner.
CFS launched the first independent feeder service in the Caribbean in 1999 and Harren & Partner continues to provide 50% of the vessels deployed in the fleet. The hub-and-spoke network is maintained by 16 vessels ranging from 700teu to 1,400teu calling at 28 ports in the Caribbean with connections at all major transhipment hubs.
Harren & Partner founder Peter Harren, said: “Pérez y Cía is a highly respected company known for its quality, expertise and experienced employees. It is the reliable long-term partner we were looking for. We believe that this acquisition will give CFS a very strong position for the future. There won’t be any changes for CFS’s clients.”
All of our vessels deployed in the fleet will remain with CFS and the management team headed by chief executive Tom Paelinck will remain unchanged. The company has offices in Miami, Kingston and Panama. Peter Harren will remain on the CFS board as honorary chairman.