• 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.”




2018 June 23

09:44 Port of Long Beach announces $16.8 million project to build infrastructure to support zero-emissions cargo-handling equipment
09:43 CMA CGM announces FAK rates from Asia to Red Sea
09:40 Prosafe wins further work for Safe Swift in the Mediterranean Sea
09:35 Costa Cruises celebrates float out of its first ship for China market

2018 June 22

18:24 Shareholders of Volga Shipping Company approve reorganization
18:05 Port of Los Angeles gives $1 million in grants to 30 local organizations
17:50 Denis Khramov appointed as Deputy Minister of Natural Resources
17:29 RF Government approves resignation of Victor Olersky
17:06 TTS Group ASA secures new contracts for RoRo equipment to China
16:05 CMA CGM announces GRR from India to East Africa
15:51 LUKOIL-Bulgaria Bunker starts operating the Bellona tanker at the port of Constanta, Romania
15:34 Port of Rotterdam Authority, DSM, AkzoNobel Specialty Chemicals, FrieslandCampina, Suikerunie, Gasunie, Groen Gas Nederland, ECN, Energy Academy Europe make recommendations for the smarter use of biomass
14:50 Construction works commence in Tallinn Old City Harbour's Terminal D where Tallink ferries are served
14:27 IMO rolls out ferry safety video
14:03 India to make Chabahar Port in Iran operational by 2019
13:38 First shipbroking companies to join SEA\LNG coalition
13:00 Vympel Shipyard delivers 50th fast patrol boat of Project 12150 Mangust to Russian FSB Border Service
12:36 LUKOIL will pay dividends for 2017 in the amount of RUB 130 per ordinary share
12:12 REMPEC hosts regional workshop on response to HNS spills in Valletta, Malta
11:49 IMO regional workshop to address the impacts of fouling
11:25 Ukraine’s water transport carried 0.1 million passengers in 5M’18, up 17.3%, Y-o-Y
11:03 Ulstein announces naming of the Acta Auriga
10:28 “M/V “VASILIY TATISCHEV ” with IMO number 8885157 refused access to the Paris MoU region for the second time
10:21 Brent Crude futures price up 1.15% to $73.79, Light Sweet Crude – up 1.25% to $66.36
10:00 Cargo transportation by Ukraine’s water transport fell by 10.5% to 1.5 million tonnes in 5M’18
09:38 Yevgeny Pankratov appointed as Director of FSUE Rosmorport’s Sakhalin Branch
09:19 Baltic Dry Index down to 1,347 points

2018 June 21

18:27 Diana Shipping announces time charter contract for m/v Philadelphia with Koch
18:00 CMA CGM announces new rotation on ASAF service
17:56 Russia is in need of small bunkering tankers, LNG bunker supply ships and bunker barges - Damen
17:31 Gate terminal (Gasunie/Vopak) to increase ship loading flow rate
16:58 Antwerp blockchain pilot pioneers with secure and efficient document workflow
16:24 Freeport of Riga Authority joins Cruise Lines International Association
16:02 Danaos Corporation announces comprehensive debt refinancing agreement
15:50 MABUX: All eyes are on what course of action OPEC will call for
15:40 12 LNG bunker supply ships to be put into operation in Singapore by 2025
15:02 Ship garbage recycling pilot wraps up at Port of Brisbane
14:39 Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot
14:02 APM Terminals supports World Clean Air Day with App upgrade
13:41 Igor Zolotykh appointed as Harbour Master of port Ust-Luga
13:23 Victor Olersky appoints Igor Ishchenko as Harbour Master of port Primorsk
13:02 EU member states’ experts on ship recycling meet in Brussels
12:39 XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” opens in Saint-Petersburg
12:16 ABS issues industry-leading Guide advancing DC power for hybrid electric applications
12:00 Largest gantry crane in the Nordic countries delivered to Meyer Turku
11:57 HVCC Hamburg Vessel Coordination Center and the Rotterdam Port Authority launch unique cooperation
10:55 CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe
10:53 Protecting marine life from ship noise is in the focus of meeting on oceans and the law of the sea
10:28 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:02 Maritime officials in Morocco undergo training at IMO workshop in Casablanca
09:41 Closer look at the interpretation of maritime law
09:19 Baltic Dry Index down to 1,373 points

2018 June 20

18:00 Lead landing ship of Project 11711, Ivan Gren, joins the fleet of RF Navy
17:33 Rosatomflot extends its winter-spring navigation period amid challenging ice conditions
17:05 Genco Shipping & Trading Limited completes common stock offering
16:05 Seatruck Ferries to use larger vessels for Warrenpoint service
15:51 Maritime leaders endorse green initiatives for shipping
15:30 Mitsui to make entry into subsea support vessel business through acquisition of shares in AKOFS Offshore
15:04 Eighty-two Crowley vessels honored with Jones F. Devlin Awards in recognition of 613 combined years of safe operations
14:59 GasLog Partners LP announces new charter agreement with Cheniere Energy