Posts Tagged ‘Terrabalt’

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