Move Logistics Group has completed the purchase of its new vessel to carry out trans-Tasman freight operations scheduled for later this year.
It has acquired the Atlas Wind ship out of Europe which can carry 366 containers, or the equivalent of 5000 tonnes of bulk cargo.
With two cranes on board, the vessel has the ability to call into ports that historically may not have been able to accept containerised and bulk cargoes.
Move executive director Chris Dunphy says his team identified a gap in the market to provide the sea freight service.
“Customer interest and demand has been strong, with several large customers already contracted to use this new transport solution.
“The new Oceans trans-Tasman service more than adequately meets our internal rate of return, is earnings accretive and will greatly benefit both Move clients and shareholders alike.”The company says it’s in the process of establishing Move Oceans Singapore PTE Limited, a new Singaporean wholly owned subsidiary to own the Atlas Wind
