{"id":9102,"date":"2014-07-07T17:16:00","date_gmt":"2014-07-07T16:16:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2014\/07\/07\/baltic-ports-management-merger\/"},"modified":"2014-07-07T17:16:00","modified_gmt":"2014-07-07T16:16:00","slug":"baltic-ports-management-merger","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/europe\/baltic-ports-management-merger\/","title":{"rendered":"Baltic ports management merger"},"content":{"rendered":"<p>Kvarkenhamnar will be owned 50\/50 by the founders who will contribute with US$2.25m each to the share capital.<\/p>\n<p>The ports\u2019 current staff will be employed in the new company and Kvarkenhamnar\u2019s board of directors will be equally split between Ume\u00e5 and Vaasa.<\/p>\n<p>The new entity will focus on port authority functions and complementary services such as warehousing and passenger services since the Wasaline ferry company, which offers a ro-pax route between the two ports.<\/p>\n<p>There is a port merger trend in the Baltic Sea region. Last year, Halmstad and Varberg became the Port of Halland and similar undertakings have happened at Stockholm, Copenhagen\u2019s Malm\u00f6 Port, HaminaKotka, M\u00e4larhamnar and ports surrounding Lake Vanern.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The owners of the Swedish and Finnish harbours, Ume\u00e5 and Vaasa, have set up a joint company, Kvarkenhamnar AB to takeover management of the ports in January 2015.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-9102","post","type-post","status-publish","format-standard","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=9102"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9102\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=9102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=9102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=9102"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=9102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}