EMEA News
Swedish Ferry Firm Stena Line Acquires Wasaline
Swedish ferry operator Stena Line has formally completed its takeover of Finland’s Wasaline, finalising a deal announced in November last year.
The acquisition brings the Vaasa-Umea ferry service into Stena Line’s European route network, with the Wasaline brand set to be retained going forward, Wasaline said in a press release on Monday.
The transaction has now cleared all regulatory approvals and was endorsed by the respective city councils, which were the previous owners.
The LNG-fuelled hybrid vessel Aurora Botnia will continue to be owned by the cities’ jointly owned company, Kvarken Link.
Last year, Wasaline announced that the vessel would take on bio-LNG supplied by Gasum for its daily trip between Finland's Vaasa and Sweden's Umea.
"Stena Line provides us with long-term stability in operations and opportunities for growth," Peter Stahlberg, Managing Director of Wasaline, said.
"We are proud to become part of the Stena Line family."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 487.50 | 2.00 | 678.50 | 6.50 |
| Rotterdam | 456.50 | 4.50 | 690.50 | 2.00 |
| Houston | 467.50 | 2.50 | 659.00 | 5.50 |
| Fujairah | 472.00 | 3.50 | 747.00 | 1.00 |
| EMEA Average | 503.00 | 2.00 | 784.50 | 5.00 |
| Global 20 Ports Average | 510.50 | 3.00 | 769.00 | 0.50 |
| Global 4 Ports Average | 471.00 | 3.50 | 694.00 | 1.00 |
| Global Average Bunker Price | 540.50 | 0.00 | 799.50 | 1.00 |
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