Stena Buys Scandlines

Tuesday, November 16, 1999
Ferry operator Stena Line has purchased smaller Swedish ferry group Scandlines AB from the state owned railway group SJ for $67.1 million. Scandlines, with 1,180 staff, runs ferries on five routes from Helsingborg and Trelleborg in southern Sweden to Helsingor and Copenhagen in Denmark, and to Sassnitz, Rostock and Travemunde in Germany. Stena Line officials said the opening of the Oresund Bridge in July 2000, linking Sweden and Denmark, would have a damaging effect on Scandlines' operations. The ferry group had already closed a Limhamn-Dragor service, and Helsingborg-Copenhagen ferries were to stop next July. However, the number of passengers, cars and freight vehicles in southern Sweden had been significant in recent years, and the group has a long-term goal to gain a favorable position in the region, officials said.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week,

Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with

Russia's Shipping Major Reports Strong 1H 2014

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial

Ship Sales

KKR, Borealis Maritime JV acquires 9 container ships

KKR and Borealis Maritime today announced the acquisition of a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels

KKR & Borealis Maritime Acquire 9 Containerships

KKR and Borealis Maritime say they have acquired a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels were previously

G E Shipping Sells General Purpose Product Tanker

The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell the 1991-built General Purpose Product Tanker Jag Prachi (28,610 dwt). The

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
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: 0.1041 sec (10 req/sec)