Log-In invests in a new container carrier to the serve the SAS
May, 05, 2020 Posted by Sylvia SchandertWeek 202020
Log-In Logística Intermodal invested approximately R$60 million in the acquisition of a new container carrier. The Log-In Endurance will serve the South Atlantic Service (SAS) line, which connects several Brazilian ports to the port of Buenos Aires (Argentina).
The acquisition of the Log-In Endurance is part of a business plan and fleet adaptation started in 2016 with the aim of supporting the company’s growth strategy. The vessel has a nominal capacity of 2,800 TEUs, holds both refrigerated and common containers, and will have a completely Brazilian crew. As a result, 76 new crew members were hired, who will be on board not only Log-In Endurance, but also Log-In Polaris (2017), which went into operation in late 2019.
The purchase of these two container carriers (Log-In Endurance and Log-In Polaris) are part of an acquisition plan, which began with the Log-In Resiliente vessel in 2017. Currently, Log-In Logística Intermodal has a fleet of six vessels, which adds up to a capacity of 15,500 TEUs. Furthermore, they work as chartered vessels.
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