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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Container Ships

Hansa Offenburg, Hansa Drakenburg Sail Scale-free

Leonhardt & Blumberg was founded in 1903 and has managed more than 180 vessels, the majority of which were general cargo vessels and bulk carriers. Today the company

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Asia-N.Europe Box Freight Rates Soar 37 pct

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday,

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0856 sec (12 req/sec)