<\/p>\n
Stena Line announced on Tuesday that it has acquired the operations of the ferry and RoRo terminals in the Port of Ventspils, Latvia, representing the latest in a range of investments in the Baltic region, including the addition of upgraded ferries and new ferry routes.<\/p>\n
The acquisition in Latvia is the latest among several moves to support Stena Line\u2019s long-term expansion in the growing Baltic Sea region. Stena Line has operated the route between Ventspils and Nyn\u00e4shamn, Sweden since 2012 and today\u2019s announcement is a proof point of Stena Line\u2019s long-term commitment to Ventspils \u2013 one of Stena Line\u2019s strategic sites in the Baltic Sea.<\/p>\n
\u201cThe Baltic Sea is a major growth region for Stena Line and our investment in Ventspilsshows how committed we are to develop our business with Latvia\u201d, says Niclas M\u00e5rtensson, CEO Stena Line. He continues: \u201cWith this strategic move we have secured a long-term position in an essential part in our European network and I am looking forward to working with our customers and partners to continue expanding in the region\u201d.<\/p>\n
The growing customer demand on the route connecting Latvia and Sweden recently called for a capacity boost through two ferries \u2013 Stena Baltica and Stena Scandica. These extended ferries added 30 per cent of freight capacity on the route as well as offering a new modern onboard experience for a maximum of 970 passengers in each vessel.<\/p>\n
A similar expansion was made to the route Liepaja, Latvia \u2013 Travem\u00fcnde, Germany in 2021and 2022, adding 40% freight capacity through the introduction of Stena Livia and Stena Flavia, also shortening the crossing time substantially.<\/p>\n
The company\u2019s Baltic Sea expansion also includes the opening of a new route between Nyn\u00e4shamn, Sweden and Hanko, Finland in February 2022. The new route has been well received by customers with growing freight volumes while also travelers by car are growing in numbers.<\/p>\n
The Norvik Port in Nyn\u00e4shamn, just south of Stockholm, Sweden has recently expanded, adding critical capacity and infrastructure which supports Stena Line\u2019s operations to both Latvia and Finland.<\/p>\n
During 2022, the company also took delivery of two all-new E-Flexer ferries \u2013 the Stena Estelle and Stena Ebba for use on its growing route between Karlskrona, Sweden and Gdynia, Poland. The Verk\u00f6 Port in Karlskrona has recently gained added capacity while the Port of Gdynia inaugurated an all-new terminal last year.<\/p>\n
The acquisition of the ferry and RoRo port operations is subject to authority approval for competition compliance. Commercial details of the agreement will not be disclosed.<\/p>\n<\/div>\n
maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"
Stena Line announced on Tuesday that it has acquired the operations of the ferry and RoRo terminals in the Port of Ventspils, Latvia, representing the latest in a range of investments in the Baltic region, including the addition of upgraded ferries and new ferry routes. The acquisition in Latvia is the latest among several moves …<\/p>\n","protected":false},"author":1,"featured_media":33627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-33626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=33626"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/33627"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=33626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=33626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=33626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}