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July 6, 2022

Westwood Shipping Lines

The acquisition of Westwood Shipping Lines by Swire Shipping has been finalized, following regulatory approvals and completion of standard closing conditions. Westwood, headquartered in Puyallup, connects the Japan and Korea markets with ports in Washington state and British Columbia and inland points in the US and Canada through those ports. Westwood will continue to provide its current services with its team of professionals in Canada, China, Japan, Korea, and the US. Senwa Maritime Agency, will continue to serve as Westwood's general agent in Japan, along with Hyop Woon International, its long-time agent in Korea. Westwood announced in April 2022 that its owner, J-WeSco, a subsidiary of a group of Japanese companies led by the Sumitomo Warehouse, had signed a definitive agreement with Swire Shipping to sell the US-based company as part of a corporate strategy to focus on its core businesses of warehousing, stevedoring, real estate, and logistics. Swire Shipping's acquisition of Westwood complements its growth strategy to widen its liner network while vertically integrating shipping services.




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