Kursiu Linija sold a further 20-percent share of its equity to Icelandic transport company Eimskip. The move gives Kursiu Linija additional financial power and paves the way for expansion plans. Following the increase in Eimskip’s stake, Kursiu Linija will be run by a four-man board consisting of Bragi Thor Marinosson, Bjorn Einarsson, Stefan August Magnusson and Kursiu Linija founder and former managing director Arijus Ramonas. Ramonas has been elected chairman of the board, and the board has appointed Thorkell Palsson as managing director.
Short-sea operator Kursiu Linija has started a new service linking Hamburg and Bremerhaven in Germany to Ahus, the largest container port in south-eastern Sweden. The service will also call at Klaipeda in Lithuania. Arijus Ramonas, managing director of Kursiu Linija, says, "Ahus is a strategically located port, with excellent infrastructural links. And the new service will perform two vital functions. It will establish a feeder
Kursiu Linija has sold a fifty percent share of its equity to Icelandic transport company Eimskip. The deal gives Kursiu Linija resources to continue its growth and develop new intra European services, and continues Eimskip’s strategy of becoming a transport leader, offering total services in the North Atlantic through a network linking key ports in Europe. Lithuania-based K ursiu Linija has an expected turnover of approximately $76.6m in 2006 compared to $58.8m in 2005
Containerships is rebranding the South Baltic services and agencies built up under the Kursiu Linija name. From February 1, 2007 all Kursiu Linija services will be operated under the Containerships name. Containerships will also have its own agents in Lithuania and Latvia, under the names of Containerships Lithuania and Containerships Latvia. These replace UAB Arijus and Kursiu Linija Latvia. The Finland, Russia, Poland, Sweden service has also been enhanced from January 30
Short sea operator Kursiu Linija has expanded its European office network and invested heavily in improved IT systems in order to meet growing demand for short sea transportation linking Eastern and Western Europe. On July 1, 2005 Kursiu Linija will open its own fully staffed offices in Felixstowe, Rotterdam and Hamburg. These will be followed by a new Latvian office in Riga in August. "Kursiu Linija is now an established brand moving over 120,000 teu annually
Short sea operator Kursiu Linija has expanded its north European services by shifting its Belgian operations from Oostende to Zeebrugge. At the same time Kursiu Linija has begun close co-operation with Belgian logistics provider ECS to develop services linking France and the Baltic States/Russia markets. Martin Dale, marketing director of Kursiu Linija, says, "By switching our service to Zeebrugge we can improve services for Benelux and north European
Shipping and logistics company Eimskip, Lithuania's Kursiu Linija and Finnish shipping and container company Container Finance Ltd have joined forces to create a door-to-door logistics providers. The new joint-venture company Containerships Group will be based in Helsinki and will operate eleven ships on services linking east and west Europe, the Baltic States and Russia. It will be the cornerstone of a much larger alliance including the services of its parent companies.