News

Samskip Ltd acquires the TECO LINES agency in the UK

22.3.2004

In a move viewed by the company as an excellent opportunity to further strengthen its position in the UK, Samskip Ltd has acquired the Liverpool-based agency of Estonian shipping company TECO LINES AS, in which it holds a 50% share, from Vogt & Maguire Liner Ltd.

The Liverpool facility will operate as new Samskip UK branch office, adding to the company's long-time presence in Immingham, while Vogt & Maguire will continue its close co-operation with TECO LINES and Samskip, and act as their port agent in Felixstowe.

TECO LINES AS operates a weekly short-sea container service linking Felixstowe, Antwerp and Rotterdam with Helsinki and the Estonian port of Muuga, and recently increased the frequency of its Rotterdam-Helsinki service to twice-weekly. In addition, the company also operates a service connecting Bremerhaven and Hamburg with Muuga.

For more details please contact:

TECO LINES AS                   Samskip Ltd                  Vogt & Maguire Liner Ltd

www.teco.ee.                      www.samskip.com           www.vogt.co.uk           

Niels Tolstrup                      Simon Dwyer                 Sten Bagert

Managing Director               Managing Director           Managing Director 

Phone +45 26309520          +44 1469 567011            +44 1394 695550

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