Posts Tagged ‘Stena Line’
Stena Line acquires Wasaline
Stena Line strengthens its position in the Baltic Sea by acquiring NLC Ferry Ab Oy/Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland.
“It is with great joy and enthusiasm that we at Stena Line take on the responsibility for Wasaline and the route between two important regions and cities, Umeå and Vaasa,” says Niclas Mårtensson, CEO of Stena Line.
The only existing ferry connection between Umeå and Vaasa is jointly owned by the two cities through the 50/50-owned company Kvarken Link, which in turn owns NLC Ferry which operates under the auxiliary name Wasaline. Under the agreement signed today, Stena Line will acquire NLC Ferry and take over the operation of Wasaline. The vessel Aurora Botnia, which sails the route, will continue to be owned by Kvarken Link, the company jointly owned by the two cities.
Read full announcement (external link)
Originally published on 4 Nov
Read MoreStena Line will acquire port operations in Liepaja, Latvia
Stena Line continues its commitment to trade growth and resilience in the Baltic Sea. The ferry company will acquire all shares in the port operator Terrabalt in Liepaja, Latvia.
By acquiring the Latvian company Terrabalt, Stena Line takes over the operation of the RoRo, bulk and general cargo terminal in Liepaja, Latvia’s third-largest port. The Liepaja port is managed within the framework of the Liepāja Special Economic Zone (SEZ), a free trade zone established in 1997 that includes the port, industrial area, and airport. Stena Line currently operates the Liepaja–Travemünde route with two vessels.
“Our investment in Liepaja means that we continue to be a long-term partner to Latvia and contribute to the further development of the country’s competitiveness and growth. We believe in a prosperous future for the Baltic Sea region, where investments in infrastructure and increased cooperation between the countries are key to strengthening trade and resilience throughout the region,” says Niclas Mårtensson, CEO of Stena Line.
Read full announcement (external link)
Originally published on 9 Sep
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