Stena, Hyundai Glovis to Set Up Short-Sea Car Carrier JV

  • Business & Finance

Stena Rederi, a part of Swedish shipping company Stena AB, and Germany’s Glovis Europe are looking to team up in a European car carrier joint venture.

The companies have filed a merger application with the European Commission’s competition authorities for the unnamed joint venture.

Created through the purchase of shares, the new unit would mainly operate short-sea transport services on pure car and truck carrier (PCTC) vessels in Europe.

The provisional deadline for approval from the European Commission for the latest venture is February 13.

Related news

List of related news articles