MSC offers to buy Gram Car Carriers

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1998

MSC Group, through its subsidiary SAS Shipping Agencies Services, has agreed to acquire Norway-based car carrier Gram Car Carriers (GCC) for nearly $700 million. Gram Car Carriers is the third largest tonnage provider in the world with a modern car carrier fleet.

The company is the commercial manager of 22 car carriers of which 18 are owned and four are managed (dual-fuel LNG car carriers under construction) on behalf of third-party owners with a capacity of between 2,000 and 7,000 units.