ShippingWatch

Samskip strengthens Baltic activities through acquisition

Sea Connect, based in Lithuania, will become part of Icelandic firm Samskip, which is expanding its activities in the Baltics. It expects freight volumes to particularly increase on the route to Russia via Rotterdam.

Photo: PR / Samskip

Icelandic shipping firm Samskip has gained a stronger position in the Baltics through the acquisition of Sea Connect, which is based in Klaipeda, Lithuania.

The firm, which will be renamed Samskip Sea Connect after the acquisition, sails between Russia, Lithuania, Denmark, Germany and the Netherlands. It owns three 1A Ice Class container ships, which dock in Saint Petersburg and Rotterdam twice a week and Hamburg and Aarhus weekly, when there is sufficient demand.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs