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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications

The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction

Oil Drillers Group to Fight U.S. Export Ban

More than a dozen U.S. oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters hope

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Shipbuilding / Vessel Construction 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: 0.1204 sec (8 req/sec)