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Judge Signs Off on Shipping Merger
A state court has approved the purchase of Northland Marine Services by its shipping competitor, Alaska Marine Lines.
JUNEAU- A state court has approved the purchase of Northland Marine Services by its shipping competitor, Alaska Marine Lines.
Anchorage Superior Court Judge Andrew Guidi approved the deal after the close of a 60-day comment period, which saw no objections.
Lynden Inc., which operates Alaska Marine Lines, and Northland Marine Services are the only marine companies delivering cargo in southeast Alaska.
One of the conditions proposed by the state of Alaska for the purchase is allowing Sitka-based Samson Tug and Barge to lease space and equipment that will have previously belonged to Northland. Samson will replace Northland as Lynden's competitor in the region.
Tonight on Your Alaska Link