News

Toll Shipping renamed Strait Link and becomes an independent company

New name Strait Link reflects commitment to being a vital link between Tasmania, the mainland and the world.

Toll Shipping, currently part of the Toll Global Express Group, will become an independent company operating within the Allegro portfolio of businesses.

Adrian Loader, chair of Toll Global Express said, “Allegro sees huge potential for the shipping business and becoming an independent company with strong leadership will empower the business to focus on what it does best in adding value for our customers.”

Christine Holgate, Group CEO of Toll Global Express said, “This marks an exciting new chapter for Global Express and Strait Link and we are so proud to return these businesses to Australian ownership. Almost a year ago, we embarked on a journey to reimagine our business, and our future, and part of this is our new brand for our shipping business – Strait Link. The shipping and logistics businesses will continue to work in partnership, as we always have, to deliver the best and most reliable supply chain solutions for our customers.”

“As a trusted supply chain partner, Strait Link will continue to support local Australian businesses grow by building strong partnerships and maintaining reliable services” said Gary Allen, CEO of Strait Link. “We are dedicated to supporting Tasmania achieve its ambitious export growth targets and making a positive contribution to the Australian economy.”

The newly appointed leadership team will build on the strong foundations already in place.  “We have a proud history spanning over 40 years, with a dedicated workforce who are highly skilled and passionate. Our terminal and vessels have had recent upgrades, with sustainability being a future strategic priority,” said Allen

“We are planning to engage with our customers more closely and making it easier to do business with us. Delivering value and mutual success for our customers are important to us,” said Kenny Chen GM Sales and Marketing.

The company is proud of its new brand identity which is inspired by ties to the Bass Strait and Tasmania. The business will continue to partner with the Toll Global Express group as an independent company to ensure continuity of services for customers.

It’s an exciting new era.

About Strait Link

Strait Link has a long and proud history of being a vital link between Tasmania and the world, providing daily sea freight services between Port Burnie in Tasmania and the Port of Melbourne in Victoria.

The company contributes to the Australian economy by being a key part of the supply chain between Tasmania and the Australian mainland, connecting local Australian customers to markets across the world.

The company employs over 500 people at our Burnie and Melbourne port sites, making us a leading local employer in the northwest region of Tasmania.

In 2021, Allegro acquired the Global Express division from Toll. The shipping business was renamed Strait Link in 2022 to become an independent business operating within the Allegro’s portfolio of companies.

This marks a new and exciting chapter for the business and its commitment to the Bass Strait trade.

About Allegro Funds

Founded in 2004, Allegro Funds is the leading private equity firm specialising in active and complex transformation opportunities. With A$4 billion of assets under management, the firm’s strong track record is demonstrated by proven performance in transformation, turnaround and carve outs, acquiring 26 businesses and exiting 17 across Australia and New Zealand since 2008.