Australia: Integrated logistics services provider, the Toll Group, has today entered into a joint venture arrangement with ANL Container Line in relation to the operation of Bass Strait shipping services.
The joint venture will be known as Toll ANL Bass Strait Shipping with 85 percent held by the Toll Group and the remainder held by ANL.
"Toll will continue to operate daily services of the 'Tasmanian Achiever' and the 'Victorian Reliance' between Melbourne and Burnie as the shipping service provider to the joint venture", said Paul Little, the Managing Director of the Toll Group.
"The joint venture will commence operations on 12 August 2009, at which time ANL will withdraw the ANL Bass Trader from service between Melbourne and Bell Bay."
Disclosure: Members of the Baird family or companies in the Baird Publications group own shares in the Toll Group.
