Kursiu Linija Joins Forces with Eimskip

Tuesday, May 23, 2006
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. The company is expected to show profits for 2006. Kursiu Linija will continue to be managed by the current management, including Arijus Ramonas, managing director of the company.

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