PRESS RELEASE - Shipping Holding A/S enters as major shareholder in Danish Stevedore A/S

Shipping and logistics company Shipping Holding A/S based in Fredericia, Denmark, enters as major shareholder in Danish Stevedore A/S, Randers.

With the acquisition, Shipping Holding expands its position as a significant player in Scandinavia within stevedoring and logistics.

Like Shipping Holding, Danish Stevedore has deep roots in maritime Denmark, and counts agency and logistics among its primary areas of business.

Both companies are now operating in all major ports in Denmark, complementing and strengthening each other's competencies for the benefit of the common customers.

Søren Gran Hansen, CEO of the Shipping Group comments: “We are incredibly pleased that Danish Stevedore is now a part of Shipping Holding. Shipping Holding is developing really positively, and with the new initiative, we strengthen and expand our activities and platforms and at the same time bring very experienced and qualified employees on board. I am looking forward to combine our common strengths and service their customers”.

On Shipping Holding, David York, CEO of Danish Stevedore says: "Shipping Holding is the right partner for us, making us able to lift our company to a higher level, and we are looking forward to offering all our customers an even better service ".

Danish Stevedore was owned and operated by Brian Jensen, Søren King, David York and S.A. Holding 2009 ApS. Brian Jensen, Søren King and David York all continues as co-owners in the company, where they will help ensure the continued high quality of work towards customers and collaborators.

For further information, please contact:

Søren Gran Hansen, CEO                                                                      
Shipping Holding A/S                                                                                                 
Tel.: +45 23 24 52 66
E-mail: sgh@shipping.dk