Swire Shipping to acquire Westwood Shipping Lines from Sumitomo Warehouse.

Swire Shipping, a high frequency liner shipping services provider, agreed to acquire Westwood Shipping Lines, an independent vessel operator, from Sumitomo Warehouse, a warehousing and freight transportation businesses operator. Financial terms are not disclosed. "This is a win-win for everyone. We are excited about joining the Swire Group because Westwood will now be a shipping company owned by a shipping company, one with a long history and wide Pacific presence. It will allow us to share synergies and tap new resources, expertise, and capabilities to serve our customers," Jack Mahoney, Westwood President and CEO.