NSG GAC's second Swedish ship agency acquisition this year

(Posted on 05/12/22)

GAC Group has acquired Finland-based ESL Shipping's Swedish subsidiary Norra Skeppningsgruppen (NSG), marking the second Swedish ship agency purchase by GAC this year. The transfer of NSG to GAC Sweden was completed today 1 December.

Established in 2015 and a part of ESL Shipping since the autumn of 2019, NSG provides a range of ship agency services, as well as logistics and chartering services, to ship owners and operators in most ports in the southeast of Sweden. Its main office in Oxelösund, where GAC Sweden has had a presence since its acquisition of SwedAgency AB in August 2019, handles about 200 port calls a year, with a further 150 at other ports in the region, including Åhus, Luleå, Norrköping, Södertälje and Ystad. Under the deal, the staff of NSG will transfer to GAC Sweden.

“We are pleased to welcome NSG to GAC Sweden,” says Johan Ehn, Managing Director of GAC Sweden. “This latest addition, following the acquisition of Hasting Ship Services AB in October, represents the latest step in our sustainable growth strategy, especially in the dry bulk sector. Together with our new colleagues, we will continue to strengthen our organisation, working even more closely with our customers in the region.”

“ESL Shipping has been working with GAC in Finland for many years, and we are pleased that we have found a good and experienced owner for the NSG business,” says Mikki Koskinen, Managing Director of ESL Shipping. “The sale of NSG will enable ESL Shipping to focus on its core operations as the leading carrier of dry bulk cargoes in the Baltic Sea region. I want to take this opportunity to thank all NSG employees for their dedication and commitment”.

GAC Sweden specialises in ship agency and freight forwarding services, with a particular focus on the energy sector and, increasingly in recent years, renewable energy.

The acquisition of NSG will further support GAC Sweden’s comprehensive range of ship agency, logistics and marine services for all kinds of vessels, from cruise liners and FPSOs to roll-on/roll-off vehicle carriers.

Latest News

Class societies collaborate to standardise emissions data fields at IMO

The International Maritime Organization (IMO) has confirmed the expansion of the data reference model... Read more

SEA-CARE looks for more holistic understanding of maritime safety

The SEA-CARE working group concluded its third session in February by confirming commitments to share... Read more

Torvald Klaveness consolidates groupwide digital solutions

Torvald Klaveness has announced the decision to consolidate all digital services under Klaveness Digital... Read more

INTERCARGO reaffirms call for simplicity as IMO climate talks intensify

The International Association of Dry Cargo Shipowners (INTERCARGO) has renewed its call for straightforward... Read more

The Swedish Club reports strong 2024 results

The Swedish Club has delivered strong results for 2024, posting a USD 34 million profit and significantly... Read more

NORDEN adds two newbuilding Capesize leases with purchase options

In line with NORDEN’s positive long-term outlook for Capesize freight rates, the company have... Read more

Enhanced data collection for Western Bulk

OrbitMI, a global provider of maritime software and data products, has expanded its workflow capabilities... Read more

ClassNK appoints new President & CEO and Executive Vice President

Current ClassNK Senior Vice President Hayato Suga has been appointed as President & CEO as well... Read more

ASL sees continued surge in demand for Cape Size carriers

The surge in demand for Cape Size bulk carriers will continue for another six weeks, driven on by increased... Read more

Partnership to enhance compliance and emissions management

OrbitMI, a leading provider of maritime SaaS software, has announced that Istanbul-based Statu Shipping... Read more