Samskip acquires Nor Lines, gets hold of two LNG-fueled freighters

Rotterdam-based logistics company Samskip has added two LNG-fueled vessels to its fleet following the agreement with the DSD Group to acquire the activities of Nor Lines.

The transaction includes terminal activities in Norway, warehousing and haulage services, while five out of seven multi-purpose vessels will be transferred under a time charter arrangement to Samskip.

This includes the two LNG-vessels, Kvitnos and Kvitbjørn, built by Tsuji Heavy Industries shipyard in Jiangsu, China and delivered in 2015.

The two freighters operate in the German North Sea coast from the Cuxport terminal bound for Norway once a week.

Samskip, that currently transports around 90,000 TEU a year between Norway and Northern Europe, plans to increase the volume through the Nor Lines acquisition.