• 2017 May 17 13:41

    Financial results of Finnlines in QI’2017 break the Group’s records

    Finnlines Group has published Financial Review January–March 2017 (unaudited).

    Emanuele Grimaldi, President and CEO of Finnlines, comments in conjunction with the review:

    “The Finnlines Group’s first three months have proved, again, to be very strong. The January–March 2017 result for the period exceeded our record year’s corresponding period by approximately 35 per cent, and was EUR 11.2 (8.3) million. After a long period of sluggish economic development in Europe, there are positive signs in economic growth and especially in Finland the volume of exported and imported goods has increased over 10 per cent during the first three months.

    We have completed successfully our EUR 1 billion Capex Programme in 2006–2016 targeted towards the fleet renewal and our EUR 100 million Environmental Investment Programme will be completed in May. Today, we have a safe and reliable fleet which is modern and environmentally very sustainable. The superb result improvement during these past four years has brought Finnlines Group’s financial and operational performance to an all-time high and is based on those past investments and, also on our ability to quickly respond to the changes in the market. Right after we have completed these major capex programmes, we are already looking beyond the horizon and at the growth opportunities. Therefore, we have started a new capex programme, the Energy Efficiency and Emission Reduction Investment Programme, where we will lengthen our existing ro-ro vessels. This investment programme will provide us with increased capacity and increased cargo flexibility in order to serve our customers even better and meet their growing demand for top quality cargo service.

    Finnlines celebrated its 70th anniversary on 15 May 2017 with an extensive attendance of our important customers and other stakeholders. We are proud of the remarkable turnaround of our Company and of delivering year after year a record result. We are geared for growth and with the Finnish market finally showing a positive development we trust we continue to perform well also during the latter part of the year.”




2017 November 17

18:06 Swiber's subsidiary placed into bankruptcy by the District Court of Helsinki
17:55 Pacific Fleet warships arrive in Chuk Samet port, Thailand
17:36 Damen supports team AkzoNobel in the Volvo Ocean Race 2017-18
17:20 Sevmash floated out nuclear-powered missile submarine Knyaz Vladimir (photo)
17:06 CMA CGM announces FAK rates from Asia to North Europe
16:45 Yantar Shipyard launches first trawler of Project SK-3101R for Kamchatka fishing company (photo)
16:26 DNV GL: Standardisation can help enable the digital transformation of shipping
16:00 Maersk Line appoints new president in North America
15:58 Onezhsky shipyard lays down Yury Maslyukov dredger of Damen TSHD 2000 design (photo)
15:26 IMO runs cooperation for oil spill preparedness in west, central and southern Africa
15:00 Special tactical exercises held at CPC Marine Terminal Tank Farm facilities
14:37 Water Transport newspaper will celebrate its centenary in 2018
14:02 NCC conducts yet another groundbreaking ceremony at the Port of Gothenburg Logistics Park
13:45 MSCC Bronka set to increase its heavy cargo transshipment capacity
13:32 Diana Shipping announces time charter contract for m/v Naias with Phaethon
13:14 Vostochny Port extends its collective labor contract for three years
13:02 Acta Marine's walk-to-work construction support vessel in final construction phase
12:30 Scottish Ports Group call for right infrastructure and planning conditions
12:01 Aker Solutions to provide umbilicals for three offshore Norway field developments
11:53 MOL's newbuilding coal carrier NAGARA MARU to serve JERA Trading
11:17 301 ships loaded with export coal left Rosterminalugol this year (photo)
10:53 Icebreaker Moskva set sail for seaport Sabetta (photo)
10:30 Brent Crude futures price down 0.29% to $61.18, Light Sweet Crude – up 0.24% to $55.27
10:08 ABS raises cyber awareness to marine insurance industry
09:45 Bunker prices go down at the Port of Saint-Petersburg, Russia (graph)
09:21 Baltic Dry Index down to 1,361 points
09:08 ESPO welcomes the agreement between Parliament and Council setting a deadline for global solution on CO2 from shipping
08:29 Port of Long Beach receives U.S. EPA Grant to cut pollution
08:12 Damen’s repair yards update ISO and OHSAS certification

2017 November 16

18:35 APL receives the ‘Best Green Shipping Line’ award from HAROPA
18:05 Shearwater GeoServices awarded ONGC survey
17:35 ITF: ‘new era for fishers begins’
17:23 Expert says geopolitical risks may push bunker prices slightly up
17:05 JAXPORT expands vehicle-handling capacity
16:51 Severnaya Verf will build six processing trawlers for Norebo Holding (photo)
16:35 Hapag-Lloyd implements GRI for Trans-Pacific Trade Eastbound from East Asia to USA and Canada
16:05 OOCL introduces the China Pakistan Express Intra-Asia service
15:37 Oldendorff Carriers in alliance with Welhunt starts transhipment operation in Vietnam
15:30 APM Terminals Poti adds two Azimuth Stern-Drive tugboats
15:05 Teekay LNG Partners establishes Teekay Multigas Pool
14:58 Norwegian Cruise Line orders PrimeServ upgrades for multiple vessels
14:17 Baltic transport ministers meet in Vilnius to discuss the common objectives of the Baltic States
13:49 Murmansk Sea Fishing Port handled 290,100 t in 10M’17, up 13.7% to (photo)
13:25 Sergey Kireev appointed as interim General Director of PJSC NCSP
13:00 Last Early Bird rate for Maritime Reconnaissance and Surveillance Technology conference 2018 expires 30th November 2017
12:38 “K” Line Group introduces new Total Auto-Logistics Business in Chile
12:12 Wärtsilä receives an order from Lunar Fishing Company to supply new trawler
11:59 Damen SAR vessel passes capsize test with engines running
11:58 Bunker prices go up at the Far East ports of Russia (graph)
11:33 First Borey-A nuclear underwater missile carrier to be floated out in Severodvinsk, November 17
11:11 FESCO to deliver production equipment to Great Wall Motors plant being built in the Tula region
10:50 Vostochny Port has shipped 400 mln t of coal from the date of its foundation (photo)
10:04 Brent Crude futures price up 0.18% to $61.98, Light Sweet Crude – up 0.05% to $55.36
09:42 IMO is holding a seminar focused on free-flowing maritime traffic in Montenegro
09:19 Baltic Dry Index down to 1,374 points

2017 November 15

18:00 RF Transport Ministry supports “Hydraulic Engineering Structures of Water Transport” Congress
17:35 EU experts performed comprehensive assessesment of Klaipeda Seaport security
17:12 Navigation season closed at inland water ways of the Amur Basin (photo)
16:46 Port of Klaipeda development to be coordinated by Governmental Commission
16:20 Port of Tallinn shortlisted for Green Port / Terminal Award