[1]: 22 These ships were then put on a route between Simpnäs north of Stockholm and Mariehamn on Åland.
In 1970, Slite's second MS Apollo was delivered from Jos L Meyer in West Germany.
This left a spot open for Slite and SF Line to take over the capital route.
In October 1987 Rederi Ab Sally was sold to Effoa, the main owner of rival company Silja Line.
The Olympia was scheduled for replacement in 1993 when the jewel of the company's crown, the world's largest passenger ferry, MS Europa was to be delivered.
The timing of ordering of new expensive cruise ferries couldn't have been worse for Rederi AB Slite.
In October 1989, just weeks after the order of the Europa was signed, the Finnish shipyard Wärtsilä Marine went bankrupt.
[citation needed] All the debts could be paid for with the money gained from the ship sales.
It has been speculated that Nordbanken did everything they could to break Slite in order to help their financially poor Silja Line.
One of their largest vessels (MS Olympia) was sold to Irish Continental Group and chartered out to P&O Ferries where it was renamed Pride of Bilbao.
This list of ships owned or chartered to Rederi AB Slite,[3] but may be incomplete