Baker Tilly advises CFL on container vessel acquisition

International audit and advisory firm Baker Tilly has provided tax and structural advice to Consolidated Fisheries Ltd. (CFL), one of Falkland Islands' leading fisheries companies, on the acquisition of the container vessel MV Unispirit. This marks the first time in the islands’ history that a locally based company has acquired a container vessel.

The vessel was officially handed over to CFL on 7 April 2025 in Montevideo. This investment represents a significant milestone in the economic development of the Falkland Islands: It strengthens both supply security and export logistics – particularly in the seafood sector, which is one of the core industries of the British Overseas Territory – and signals the beginning of a strategic realignment.

The MV Unispirit will remain chartered to the long-standing service provider SAAS, ensuring continuity in transport services. At the same time, the acquisition secures this vital shipping link over the long term – especially given the scarcity of suitable vessels for Falklands trade.

Tax advisory for the complex, cross-border transaction was led  by Christian Hensell, Partner at Baker Tilly. “The acquisition of the MV Unispirit is a significant move for CFL – both economically and symbolically. It reflects a strong commitment to the continued development of the Falklands’ infrastructure and to deeper integration into global supply chains,” says Hensell.

The transaction also establishes a lasting connection to Hamburg – one of Europe’s most important maritime hubs – giving CFL strategic access to specialized expertise, international networks, and new growth opportunities in the global shipping and logistics sector.