Canadian Pacific To Buy One-Third Share In Dart Containerline

Canadian Pacific intends to purchase a one-third share in Dart Containerline Company Limited, it was announced recently. The proposed share purchase will provide Canadian Pacific with an opportunity to participate in the large and growing volume of trade between the United States and Western Europe to complement its Canada-Europe service now being operated by CP Ships.

The other shareholders of Dart Containerline are Compagnie Maritime Beige S.A. and the C.Y.

Tung Group.

Dart Containerline Company Limited now operates a container service between the East Coast of Canada and the U.S., and the U.K. and Continental Europe with several ports of call on each side of the Atlantic. Future operations of Dart Containerline Company Limited will be confined to traffic moving between the U.S. and Europe. A new company — Dart Canada — in which Canadian Pacific does not hold an interest, will operate container services between Canada and Europe.

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.