Gothenburg-headquartered Stena Line took control of the terminal operator Terrabalt in Liepaja, Latvia. The company completed the acquisition of the terminal operations in Liepaja and taken over the RoRo, bulk, and general cargo operations.
This transaction marks an important step for the company for its trade development in the Baltic Sea region.
Liepaja is Latvia’s third-largest port and plays a key role in regional and international supply chains.
Stena Line currently operates the Liepaja, Latvia – Travemünde, Germany route with two vessels.
“This is a logical next step in our development in the Baltics and reflects our strong belief in the Baltic region and its long-term trade potential,” says Liene Lemane, trade director for the Baltic Sea North at Stena Line.
The company is the officially owner of the terminal operations in Liepaja, which now also changes its name to Stena Line Ports Liepajas SEZ.
“Miracles don’t happen overnight,” Liene Lemane continues. “We have already gone through a similar journey in Ventspils, which we acquired nearly three years ago and successfully integrated into our system. Liepaja will follow a similar path.”
Stena Line, which is now registered as the owner as all approvals from the competition authorities and relevant governmental institutions have been granted, plans to gradually develop and modernise the terminal and its infrastructure.
In parallel with Stena Line’s long-term development plans, the Liepaja Special Economic Zone Authority will carry out construction works to rebuild berth 46 in Liepaja Port.
The project is scheduled for completion by 31 December 2027.
The company says the acquisition strengthens the Stena Line’s Baltic Sea network, which already includes port operations in Ventspils and Karlskrona, as well as ferry routes connecting Latvia, Sweden, Germany and Poland.
Stena Line also highlights the strong cooperation with the Latvian government, as well as the support from Liepaja municipality and the Liepaja Special Economic Zone.
