Stena Line's newest acquisition
After opening a route between Latvia and Travemünde, Liepaja, in 2021 and 2022, and a route between Nynäshamn, Sweden, and Hanko, Finland, in 2022, the ferry company Stena Line has now acquired the operations of the ferry and ro-ro terminal in the Port of Ventspils, Latvia.
With growing customer demand on the route, Stena Line “secured a long-term position in an essential part in [their] European network,” says Niclas Mårtensson, CEO Stena Line. This new route demonstrates Stena Line’s long-term commitment to Ventspils – one of the carrier’s strategic sites in the Baltic Sea.
The takeover represents the latest in a range of investments in the Baltic region, including the addition of upgraded ferries and new ferry routes. The acquisitions of ferry and ro-ro port operations are subject to authority approval for competition compliance.
For Stena Line’s CEO, “the Baltic Sea is a major growth region for Stena Line and our investment in Ventspils shows how committed we are to developing our business with Latvia.” (lh)