Company News

SEA CONTAINERS LTD., a marine container lessor, passenger transport and hotels operator, announced it has acquired Express Navigation, Inc. from Holyman Ltd. of Australia in a $5 million transaction. Express Navigation provides services with three passenger ferries between Wall Street’s Pier 11 on Manhattan’s East Side to Highlands and Atlantic Highlands in New Jersey and Pier 4 in Brooklyn. The three ferries are owned by subsidiaries of Hydrolines, Inc., a Delaware company which has time chartered them to Express Navigation on long term charters.

This is only an excerpt of Company News

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.