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A JOINTLY OWNED COMPANY
Joint Venture Opening Ceremony

On Wednesday, February 27, Stena and Glovis signed an agreement that now results in a jointly owned company named Stena Glovis.

The company will develop and offer the European car industry new sea-based transport solutions. Stena Glovis will combine resources from Glovis’s European organisation and Stena’s well-established European network. The Head Office is located in Hamburg with Hans Nilsson as Managing Director and Seungtai Kim from Glovis as Deputy Managing Director. Now, the practical work begins with setting up the business and transferring staff to be able to receive bookings from the European market in the near future. Present at the ceremony in Hamburg included Carl-Johan Hagman and Tae Woo Kim, the administrative board members of Stena Glovis.