Western Stevedoring Buys Grieg Star’s Break-Bulk Terminal
- Business & Finance
Norway-based shipping company Grieg Star AS has sold Squamish Terminals, a major break-bulk terminal, to Western Stevedoring Company Limited.
Effective May 10, 2018, Western Stevedoring owns 100 percent of Squamish Terminals, situated at the north end of Howe Sound in the District of Squamish, British Columbia.
“Grieg Star has been the owner of Squamish Terminals for almost half a century… We are proud of what has been achieved over these years, but now is the right time for the terminal to continue under new ownership,” Rune Birkeland, Squamish Terminals Chair, said.
“Western Stevedoring has the right focus and expertise to further strengthen the terminal, and we are confident it is in the right hands going forward,” Birkeland added.
Squamish Terminals, established in 1972, is a deep-water, break-bulk terminal located 32 nautical miles north of the Port of Vancouver. With 60 acres, two berths and three warehouses, Squamish Terminals handles forestry products, steel and project cargoes.