Finland’s Stella Company Group is in the market for a 1,500-pax ferry for a new service between Kotka in Finland and an Estonian port, reports news agency BNS. The Finnish company is considering a start-up on the Kotka – Sillamäe run, but are also looking at other Estonian ports.
Simultainously, its former Estonian partner Narva Line has been sold by Saaremaa Shipping Company to Saare Finants, owned by Vjatsheslav Leedo who also owns Saaremaa Shipping Company. Without the sale, Saaremaa Shipping Company would be loss-making, but the deal generates a EEK 50 million (EUR 3.2 million) profit.
Simultainously, its former Estonian partner Narva Line has been sold by Saaremaa Shipping Company to Saare Finants, owned by Vjatsheslav Leedo who also owns Saaremaa Shipping Company. Without the sale, Saaremaa Shipping Company would be loss-making, but the deal generates a EEK 50 million (EUR 3.2 million) profit.