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Wallenius SOL to start venture with four LNG-powered newbuilds

24 Apr 2019

Wallenius SOL, a new shipping company between Wallenius and Swedish Orient Line (SOL), will be starting its joint venture with five liquefied natural gas (LNG) powered newbuildings.

The specially designed vessels for transporting forestry products and other goods in a network covering the Gulf of Bothnia, the Baltic Sea and the North Sea will be built to Finnish/Swedish ice class 1A Super standards.

Up to four new vessels are ordered and delivery of the new vessels are planned for 2021.

“Together we can offer a strong mix of experience and competence, which can support a growing forest industry”, says Ragnar Johansson, Managing Director Wallenius SOL.

”Wallenius has experience from industrial shipping, ship owning, ship building and ship management. SOL brings the competence of logistics from forest industry and other types of cargo in this geographical area.”

The first customers to sign long-term agreements are Stora Enso and Metsä Board.

“We rely on efficient and sustainable transports for our products”, says Knut Hansen, SVP Logistics Global, Stora Enso.

“The partnership with Wallenius SOL will enhance our opportunities to compete globally, while at the same time the new vessels will reduce environmental impact.”

Photo credit: Swedish Orient Line
Published: 24 April, 2019

 

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