Stena CEO says new Asian string is just the start of company’s plans to expand in the region
Stena Line has expressed its interest to further expand its Asian presence following the announcement of its first ferry route in the region last week.
Speaking to the JOC, Stena International Freight CEO Hans Nilsson said that its new South Korea-Russia string marks the start of what he sees as an “interesting business opportunity in a growing market”.
Last week, the European ferry operator announced the launch of a new service between the South Korean port city of Sokcho and the Russian ports of Zarubino and Vladivostok.
The new service, scheduled to start next week, will operate under the name Stena Daea Line, which is 90 percent owned by Stena Line and 10 percent by Daea.
The route, to be serviced by the New Blue Ocean, will make two weekly trips between Sokcho and Zarubino as well as one trip between Sokcho and Vladivostok.
“There is strong demand for a high quality route with freight and passenger transports between Korea and Russia,” said Nilsson.
“The region around Zarubino and Vladivostok is developing into a transport hub for traffic to both Russia and China.”
“In addition, there will be direct access to the Trans-Siberian Railway, making journeys all the way from Korea, via Russia, to Europe easier.”
“At the same time, the route also provides direct access to the Korean market,” added Nilsson.