CP Ships To Acquire Christensen Canadian African Line

CP Ships has reached agreement with Thor Dahl Shipping AS of Norway to acquire Christensen Canadian African Line (CCAL). The transaction is expected to be completed by the end of April. The acquisition includes the CCAL brand and three Astrakhan-class ships, designed to carry containers, breakbulk and Ro-Ro cargo. CCAL, which will operate as part of the CP Ships subsidiary, Americana Ships, offers a 21-day multi-purpose service between Montreal and South Africa under the CCAL brand.