SOL Becomes New Majority Shareholder in Scanlog
Svenska Orient Linien, SOL, becomes new majority owner in the Swedish logistics company Scandinavian Logistics Partners, Scanlog. Until now, the shipping company has had a 20 percent holding in the company, but now it is expanding its ownership to just over 50 percent.
From SOL’s perspective, there are obvious benefits from the ownership in Scanlog: delivering door-to-door logistics services.
The sustainability perspective is extremely important for both organisations.
Scanlog’s business model is based on Responsible Logistics – increased cost efficiency, reduced environmental impact and responsibility for quality of delivery.
SOL has also made major investments in sustainable transportation earlier in the year through its 50 percent stake in the start-up shipping company WALLENIUS SOL. The new shipping company will transport cargo in the Baltic Sea region by 2021 with some of the world’s most modern ice-classed LNG-powered vessels. The new vessels will reduce greenhouse gas emissions by 60 percent and fuel consumption by 50 percent per transported unit.