Fednav Expands with Houston Takeover

The Montreal based dry bulk operator Fednav has bought a controlling interest in Texas American Shipping Corp. (TASC) of Houston, which is mainly involved in contract and industrial shipping. Using chartered tonnage, TASC specializes in the carriage of project cargoes between the US Gulf Coast and the Middle East and Southeast Asia and West Africa. Fednav also has a strong portfolio of industrial shipping business, and was the first company to transport railway equipment for the channel tunnel. However, it is known for shipping bulk cargoes from the Great Lakes to Europe on a semi-liner basis.

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