Stena Terminals A/S, a wholly-owned subsidiary of Stena Oil, and the Port of Frederikshavn, has signed the takeover agreement, signifying that Stena Oil has taken possession of the terminal.
The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the change of ownership will take place effective immediately.
The Port of Kalundborg, Denmark, has announced it will electrify all cranes in its deep-water container terminal within seven months to further lift the standard of responsibility.
