Stena Line To Acquire Port Operator Terrabalt In Liepaja

• Stena Line will acquire all shares in Latvian port operator Terrabalt, which runs the RoRo, bulk and general cargo terminal in Liepaja, Latvia’s third-largest port.
• The port is part of the Liepāja Special Economic Zone (SEZ), a free trade zone established in 1997.
• Stena Line currently operates the Liepaja–Travemünde route with two vessels.
• Stena Line also operates Ventspils–Nynäshamn with two vessels. Since May 2023, the company owns the port operations in Ventspils.
• The Gdynia–Karlskrona route is run with three vessels, where Stena Line holds a majority stake in Karlskrona Baltic Port (KBP).
• The Trelleborg–Rostock route is operated with Sweden’s only two ferries with rail capacity.

Next Steps

• The acquisition is subject to approval by the Latvian competition authority and other institutions.
• Until approval, the current owners will continue to operate the terminals.
• Commercial details remain undisclosed.