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Samskip acquires Sea Connect

European transport group Samskip has broadened its Baltic operations by acquiring shortsea specialist Sea Connect. The Klaipeda-based shipping company, which will be renamed Samskip Sea Connect, offers shortsea services connecting Russia, Lithuania, Denmark, Germany and the Netherlands.

Sea Connect operates three 1A ice class container vessels calling twice a week at St Petersburg and Rotterdam, weekly at Hamburg and at Aarhus.

“This acquisition strengthens our position in Russia, in the Netherlands and across a range of key Baltic ports in between,” said Kari-Pekka Laaksonen, CEO, Samskip. “It enhances services for Samskip’s shortsea customers focusing on growth opportunities in Russia and adds opportunities for importers and exporters within the region to secure cost-efficient and sustainable multimodal connections farther afield.”

The latest purchase follows Samskip’s acquisition of Norlines in 2017 and the founding of a separate Finnish entity earlier this year.

No price for today’s transaction has been revealed.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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