Marine Link
Monday, September 26, 2016

Stena Buys Scandlines

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 Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News