Stena to enter Asian ferry market

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Date: 08 March 2013

Stena to enter Asian ferry market
Ferry operator Stena Line has unveiled plans to move into the Asian market with the launch of a new service between South Korea and Russia.

From March 19th, a freight and passenger service will connect the South Korean port city of Sokcho and the Russian ports of Zarubino and Vladivostok.

The new service will operate under the name Stena Daea Line, as it will be 90 per cent owned by Stena Line and 10 per cent by Korean shipping group Daea.

"Our ambition is to expand into Asia and the new route is a very important step in this plan," said Stena's Hans Nilsson.

"There is strong demand for a high quality route with freight and passenger transports between Korea and Russia."

Swedish-owned Stena Line currently operates extensive routes throughout Europe, including services from the UK to Ireland and Holland.

During 2009, approximately 15.4 million passengers travelled with the company along with 3.3 million cars and 1.6 million freight units.

Posted by Mark RobinsonADNFCR-1786-ID-801553788-ADNFCR

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