Swire Shipping Limited signed a definitive agreement to acquire Westwood Shipping Lines, Inc. from The Sumitomo Warehouse Co., Ltd. (TSE:9303) on April 28, 2022. In related transaction SW Maritime vessels owned by The Sumitomo Warehouse Co., Ltd. are also transferred to swire shipping limited Jeremy Sutton, Chief Operating Officer, Swire Shipping, said after the closing of the acquisition, Westwood will continue to provide its current services with its strong team of professionals. Westwood will also retain its name. The sale is pending regulatory approval and the satisfaction of customary closing conditions. The transfer of shares is expected to get Completed by June 2022.

Swire Shipping Limited completed the acquisition of Westwood Shipping Lines, Inc. from The Sumitomo Warehouse Co., Ltd. (TSE:9303) on June 30, 2022.