Stena buys Norwegian shipping company Color Line

The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to buy the Norwegian shipping company Color Line. The transaction will bring together two companies with complementary operations in European passenger and freight transport.

Privately owned Stena’s acquisition of Color Line from Norwegian industrialist Olav Nils Sunde and his family will unite two ferry operators with deep roots in Scandinavian maritime traditions.

At the same time, Stena will further develop Color Line in sectors such as decarbonization, technology and digitalization, customer service and logistics.

Color Line AS has a fleet portfolio of five ships operating four international ferry routes, calling at seven ports in Norway, Germany, Denmark and Sweden.

This story was originally published by Shipping Telegraph. Read the full story at Shipping Telegraph →