Containerships Group Not For Sale

Thursday, April 26, 2007
FINLAND-based door-to-door short-sea operator Containerships Group has reacted to a statement issued by Russian liner operator FESCO which named the company as a purchase target and says there are no plans to sell the company to FESCO or anyone else.

Sigurjon Markusson, managing director of Containerships Group says, "Containerships Group is a Finnish company which is 65 per cent owned by Eimskip, which in turn is listed on the Icelandic Stock Exchange. The remainder of the company is owned privately in Finland. We have seen statements from FESCO in the Russian press to the effect that they intend to buy Containerships Group. I would like to emphasise that neither Containerships Group nor Eimskip have had any discussions with FESCO and we have no intention of having any discussions with them. Containerships Group is embarked on a strategic growth plan which is already delivering increased volumes across all our trades, and we intend to carry out the plan and stand as a leading independent operator in the Baltic area."

Markusson adds that the statements by FESCO may be linked to apparent harassment experienced by the Moby Dick container terminal in St Petersburg. "Container Finance, our minority partner, owns the Moby Dick terminal in St Petersburg through its Multi Link Terminals subsidiary. It is our main Russian gateway. Recently FKP, the local arm of Russian state-owned construction company Rosstroy, has been harassing the terminal by illegally closing the access roads to the terminal. We suspect that this action and perhaps the statements by FESCO could be linked as part of pressure to get the investors in what are a successful terminal and a successful line serving Russia to sell out. I would like to assure our customers that Multi Link Terminals is working hard with the Russian authorities to ensure that its legal rights to operate are not interfered with, and that cargo entrusted to Containerships Group will continue to flow freely across our network. I thank all our staff and customers for their support."

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Carnival Sails to Profit

The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That

Ukraine Arrests Turkish Ship for Visiting Crimean Port

Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained.

USCG Flush Ice down River Systems to Facilitate Shipping

The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season

Container Ships

Mediterranean Rescue Operations Strain Shipping

The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only

Hamburg Süd Christens Third San Class Ship

Hamburg Süd christened its third container vessel in the new San class yesterday, officially naming newbuild San Vicente at the Cuenca del Plata terminal in Montevideo.

Asia-Europe Box Rates Fall Almost 6 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday,

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1285 sec (8 req/sec)