Biehl's Purchase Of U.S. N a v i g a t i o n Finalized
Biehl & Co., a well-known U.S. Gulf and South Atlantic steamship agency and stevedore, has acquired the major interest in U.S. Navigation, a former subsidiary of Hapag- Lloyd (America) Inc. Hapag-Lloyd decided to divest themselves of U.S. Navigation in order to better concentrate on its own complex linear services.
The combination of Biehl & Co. and U.S. Navigation, Inc. strengthens the general agency chain, which will now be represented on all three coasts of the U.S., as well as the Midwest.
John Springer, president of Biehl & Co., advised that Biehl and U.S. Navigation will be run as independent corporations and has named Frank M. Cangemi as president of U.S. Navigation, Inc. U.S. Navigation is general agent in the U.S. for National Shipping Co. of Saudi Arabia, America Africa Line and Scindia Steam Navigation Co. Ltd.
Biehl acts as U.S. general agent for Hapag-Lloyd's Gulf and South Atlantic Service, Antilles Lloyd, Koctug Line, Maragua Line and Naviera Neptuno S.A.
In addition, Biehl acts as Gulf agents for Hapag-Lloyd's North Atlantic and EuroPacific Service, Columbus Line, Mexican Line, Rickmers Line, National Shipping Co. of Saudi Arabia, America Africa Line and Scindia Steam Navigation Co. Ltd.
Both organizations are deeply involved in Tramp/Tank, Husbandry and Vessel Agency.