Hartnoll family snaps up Asian feeder operator Bengal Tiger Line

Hartnoll family snaps up Asian feeder operator Bengal Tiger Line

Singapore-based feeder container company Bengal Tiger Line (BTL) has been sold to HICO Investment Group, a trust owned by the Hartnoll family, owners of larger competitor X-Press Feeders.

The timing of the deal at a time when the container sector is riding the crest of an unprecedented wave is widely believed to have resulted in a cash windfall for private equity group CMIA Capital Partners, which acquired the company from joint owners Transnaval Schiffahrts and Schoeller Holdings in 2018.

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