Samoa sells 50% of Pacific Forum Line

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The Californian-based Neptune Pacific Line has agreed to buy a 50 per cent controlling interest in the Pacific Forum Line from the Samoan government.

Choppy seas for Pacific shipping

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Tough market conditions have led to a sudden shake-up in South Pacific shipping, with Auckland-based Reef Shipping going bankrupt and being acquired by Hawaii-based Matson. Meanwhile, the loss-making (and ship-less) Pacific Forum Line— established in 1976 by the governments of 12 Pacific Island nations—has become wholly-owned by the Government of Samoa.