Independent journal on economy and transport policy
02:31 GMT+1
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Eimskip will buy the marine company and logistic Norwegian Nor Lines
The society of Stavanger has about 200 dependent
November 3, 2016
The Eimskip Icelandic has signed an agreement with group DSD (Det Stavangerske Dampskibsselskap AS) in order to buy the marine company and logistic Norwegian Nor Lines, transaction that is previewed will have a value of about 15 million euros that will be able to vary on the base of the financial results achieved from Nor Lines in the exercise anniversary 2016.
The marine society of Stavanger, that it has about 200 dependent, records next annual revenues to 110 million euros. Currently the company has a fleet of seven multipurpose ships and a net of 60 long terminals the Norwegian coast, of which 14 acts directly and 46 through agencies. Moreover Nor Lines has a fleet of 450 trucks and commercializes cargo spaces on 11 ships of the Hurtigruten compatriot that carry out services daily long the Norwegian coast scaling 32 ports.
Eimskip has evidenced that during the last few years the Norwegian company has crossed a phase of difficulty and has explained that the company will be restructured in order to improve of the services and the economic performances. The Icelandic shipowning society has specified that it will assume the management of five of the seven ships of the Nor Lines, of which four they will be taken rental and one will be acquired for eight million euro.
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