Wallenius, SOL Join Forces to Launch New Firm

April 23, 2019

Two Swedish shipping companies - Wallenius and Swedish Orient Line (SOL) - have formed a shipowning joint venture that will sail from ports in Sweden and Finland.

The company has five ships so far and plans to order four LNG-powered newbuilds to operate ice-class vessels for the forestry product trades in the Gulf of Bothnia and Baltic Sea area.

The new Nordic joint venture, named WALLENIUS SOL,  is to strengthen the infrastructure for the needs of Finnish and Swedish industry. The first customers to sign long-term agreements are Stora Enso and Metsä Board.

”Together we can offer a strong mix of experience and competence, which can support a growing forest industry”, said 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,” Ragnar added.

WALLENIUS SOL will have service in the region around the Baltic Sea including Gulf of Bothnia, operating from five ports with regular calls to the continent and the UK.

WALLENIUS SOL can offer cost-efficient, operationally efficient and sustainable transports to the forest industry and other customers.

Logistics News

Latin American Trade Growth Drives Increase in Port of New Orleans Cargo Volume

Latin American Trade Growth Drives Increase in Port of New Orleans Cargo Volume

Infrastructure Projects Continue at Port of Charleston

Infrastructure Projects Continue at Port of Charleston

AAPA Writes to DOT about Surface Transportation Reauthorization

AAPA Writes to DOT about Surface Transportation Reauthorization

Ships Queue at Russian Grain Port

Ships Queue at Russian Grain Port

Subscribe for Maritime Logistics Professional E‑News

Air Canada's labor agreement could reshape the pay of North American airline crews
Ukraine's Zelenskiy says Russia struck gas distribution station in Odesa region
Trafigura and its consortium aim to complete the US loan agreement by 2025