Peak and CSL deal

Norwegian Peak Group (Peak) and Canadian based The CSL Group (CSL) have announced yesterday the launch of their new partnership, Peak CSL Group, following CSL’s acquisition of 50% of Peak.

This new strategic alliance consolidates Peak and CSL’s short sea shipping operations in Northern Europe and leverages their collective expertise, resources, and capabilities within the coastal and offshore shipping sectors.

Under the Peak CSL Group banner the company is positioned to provide an expanded suite of services, particularly catering to the fast-growing offshore renewable energy sector.

This encompasses rock and ballast logistics support for offshore wind farms, turnkey material transfer solutions and a fleet of project carriers that includes low-to-zero emission vessels, all facilitated by in-house engineering capabilities.

The partnership aims to spearhead the transition towards zero-emission shipping and help customers meet their decarbonization targets, reads the Peak CSL Group statement.

Jan-Petter Slethaug, chief executive of Peak Group, said that “Through the Peak CSL Group, we create a strong alliance, grounded in our strategy for the next coming years. Teaming up with a robust partner enables us to broaden our service offerings towards the renewable, oil & gas and infrastructure markets, and set a solid groundwork for future expansion.”

Louis Martel, president and chief executive of the CSL Group, noted that “This partnership signals an exciting new chapter of growth and collaboration at CSL.”

He added that “By joining forces with Peak, we’re enhancing our ability to offer innovative and sustainable marine logistics solutions in coastal and offshore markets.”

Bergen-based Peak Group offers a range of services including Short Sea Shipping / Chartering, Global Freight Forwarding / Project Logistics Services, Ships Agency Services / Maritime Support Services, Marine Engineering and Marine Technical Design, Transport Engineering & Warranty Surveyor Services and also Ship Management Services.‍

On the other hand, CSL Group is a provider of complex marine solutions and an owner and operator of self-unloading ships.

CSL provides a broad range of shipping and handling services, and delivers millions of tonnes of cargo annually for customers in the construction, steel, energy and agri-food sectors.

Source: Peak CSL Group