ANSA McAL Limited has signed an agreement to sell its 100% shareholding in Alstons Shipping Limited (“Alstons Shipping”) to Jemcha Holdings Limited (“JHL”), a privately held investment company focused on strategic logistics development. 

The transaction forms part of ANSA McAL’s continued execution of its 2X strategy, which focuses on portfolio optimisation and disciplined investment in the Group’s core areas of growth, to the benefit of its shareholders, staff, the communities it serves and the wider Caribbean region. 

Alstons Shipping has been part of the ANSA McAL Group’s legacy since the earliest days of the Group’s history, tracing its roots to the shipping and travel departments of Alstons Limited. Over more than a century of operation, the company has built a reputation as one of the region’s established names in shipping agency, freight forwarding and supply chain services. 

Under the terms of the agreement, JHL intends to leverage its industry expertise to build upon Alstons Shipping’s established legacy, enhance operational capabilities, and support long-term growth. Following completion, JHL will oversee the company’s operations and future direction, with continued use of the Alstons Shipping name permitted for a transitional period. 

Andre Jeffers, Group Chief Strategy Officer of ANSA McAL, said: “This divestment reflects the continued discipline of our 2X strategy, sharpening our focus on the sectors where we can deliver the greatest value for our shareholders, our people and the communities we serve.” 

He added: “Alstons Shipping has been part of the ANSA McAL story since our earliest days, and we are proud of the role it has played in our journey. We are confident that under JHL’s ownership, the business, its customers and its people are well positioned for continued growth.” 

The transaction is expected to complete in Q4 2026, subject to customary closing conditions.