Announcement: Geest Line Acquisition

Seatrade Group (‘Seatrade’) and Jamaica Producers Group Limited (‘JP’) are pleased to announce the joint venture acquisition of Geest Line Limited. Geest Line has been the operator of one of the leading shipping lines in Europe serving the Caribbean and Latin America markets for over 65 years.

Geest Line sees this acquisition as a positive development as both JP and Seatrade have strong track records in the trade and the regions served by the company and know the trade well. Geest Line will continue to operate independently in serving its existing customers and markets whilst looking for further opportunities to extend its trade.

Seatrade, headquartered in Curacao, is a worldwide leader in reefer vessel shipping services.

JP, headquartered in Kingston, Jamaica, is a publicly listed company with global interests in Caribbean logistics services, port terminal operations, specialty food and drink production and agribusiness.

Yntze Buitenwerf, President of Seatrade, and Jeffrey Hall, CEO of JP, noted in a joint statement:

“Geest Line is a company with a rich history of delivering excellent service to its customers on both sides of the Atlantic over the last 65 years. We look forward to working alongside Capt. Peter Dixon, Geest Line Managing Director, and his highly professional team in the UK as we continue this legacy and support Geest’s next stage of growth.”

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