SOL buys majority stake in Scanlog to provide door-to-door service
PRESS RELEASE – Svenska Orient Linien (SOL) becomes the new majority owner in the Swedish logistics company Scandinavian Logistics Partners, better known as Scanlog. Until now, the shipping company has had a 20 percent holding in the company, but now it is expanding its ownership to just over 50 percent.
The motivating forces behind SOL’s decision to expand its stake in Scanlog were the companies’ common commitment to sustainability and that both companies place a focus on customers and their cargo, rather than the transport mode itself, the company states.
“We’re aware of the fact that a number of our customers want logistics suppliers who have the ability and the skills to deliver door-to-door logistics services,” says Michael Kjellberg, Chairman of the SOL Board. “We’ve not been selling that service because we focus on quay to quay, but now we’re looking forward to the opportunity of also assisting our customers with requests for multimodal transports via Scanlog.”
Vice versa, Scanlog is also looking forward to SOL contributing its expertise to the company’s development. With two board members from the logistics industry and a solid knowledge of maritime transports, it’s easy to see that the new majority owner has much to contribute, comments Scanlog.
“With SOL, we get a strong majority shareholder who can help us continue our rapid growth. SOL taking this step shows that they believe in us, and we see that as a mark of quality”, says Mathias Wideroth, Chairman of the Board and founder of Scanlog.
Wallenius SOL
SOL has also made major investments in sustainable transportation earlier in the year through its 50% stake in the start-up shipping company Wallenius SOL. This new shipping company will transport cargo in the Baltic Sea region by 2021 with some of the world’s most modern ice-classed LNG-powered vessels. The new vessels will reduce greenhouse gas emissions by 60% and fuel consumption by 50% per transported unit.
SOL provides a range of shipping services including ro/ro liner services, transportation of project and general cargo, agency services, as well as commercial and technical management services.
More news
Fuel prices take a massive nosedive
Fuel prices have taken a massive nosedive since the beginning of the year with low sulphur fuel prices in Singapore dropping from USD 734 per tonne on January 1st to USD 415 per tonne today. The price drop comes at a good time as the transport and logistics industry is struggling with low demand as… Read more ›
Zeamarine closes offices in Denmark
Zeamarine is closing its operations in Denmark. The Danish subsidiary has filed for bankruptcy resulting in the closure of two offices and 23 employees being sent home, confirms local liquidator Hafnia Law. The German breakbulk carrier has two offices in Denmark, one in Naevsted and one in Aarhus, but both offices have now been closed… Read more ›
Manager loses contact with general cargo vessel after pirate attack
Chinese vessel manager Tianjin Xinhai International Ship Management has lost contact with its general cargo vessel Huanghai Glory after the vessel sent a piracy alert using its Ship Security Alert System (SSAS). An unknown number of pirates are believed to have boarded the vessel, which is currently drifting off the coast of Nigeria. The vessel’s… Read more ›