The main reason being failing demand from freight customers due to the development of the current geopolitical situation. The route will operate until 20 October, when both vessels on the route will be redeployed in the charter market or within our fleet.
In the beginning of 2022, we launched a new route between Nynäshamn in Sweden and Hanko in Finland in response to heavy market demand and on direct request from existing logistical network customers.
Due to the development of the current geopolitical situation the previous volumes have been reduced and services on the market have become saturated. As a result, the demand from our trade customers on the route has not developed as expected.
The Finnish government’s decision to grant an exemption from the European Union Emissions Trading System (ETS) from 1 January 2024 for vessels trading via Åland will also create an uneven commercial landscape with a clear advantage for trade via Åland.
“It is with a heavy heart we have reached the point, where we have to discontinue our route between Sweden and Finland. This has been a very difficult decision, but after considering all aspects we are convinced that we have made the right decision”, says Johan Edelman, Trade Director Baltic Sea North, Stena Line.