• 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 January 23

18:17 Ten new world class research institutes join the Nippon Foundation Nereus Program
18:02 492 vessels escorted by nuclear-powered icebreakers on NSR up 20% Y-o-Y
17:49 SMM 2018 is fully booked eight months to go before the event
17:31 Maersk Line joins NYSHEX as founding carrier member
17:27 Cargo transportation by Ukraine’s water transport down 11.9% to 5.9 mln t in 2017
17:04 NAVTOR strengthens the team with new Chief Technology Officer
16:46 Oil products, LPG shipments from Tamanneftegas terminal totaled 10.14 mln t in 2017, up 6% Y-o-Y
16:25 Szczecin-Świnoujście Port Complex handled nearly 25.5 mln t of cargo in 2017, up 5.4% Y-o-Y
16:04 Diana Shipping announces time charter contract for m/v Dione with Ausca
15:34 CMA CGM announces FAK rates from Gulf ports to North Europe and the Mediterranean
15:18 SDC Sub-Committee is focused on mooring matters
15:03 Environmental organizations and shipping industry call for carriage ban on non - compliant fuel
14:44 NIBULON’s fleet will be increased
14:23 President Varela from Panama visits the port of Rotterdam
14:03 RS joins the Association of Shipowners and Entrepreneurs of Marine Industry of the Republic of Kazakhstan
13:55 RF Representative Office of Port of Hamburg Marketing congratulates North-Western Shipping Company on its 95th anniversary!
13:42 Incentive scheme for ‘Clean inland shipping and sustainable logistics in Rotterdam’
13:27 EBRD allocates USD 50 mln loan to NIBULON
13:03 Six vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 22-23
12:38 Bunker prices at the Far East ports of Russia show no significant changes (graph)
12:33 Aker Solutions wins subsea orders for Troll and Askeladd projects
12:16 Rosmorport appoints Evgeniy Pankratov as Acting Director of its Sakhalin Branch (photo)
11:49 CNIIMF congratulates North-Western Shipping Company on its 95th anniversary!
11:24 Vyborg Shipyard to deliver IBSV01 icebreakers Andrey Vilkitsky and Aleksandr Sannikov in 2018
11:01 Alfa Laval PureBallast 3.1 tops customer choice for large-flow ballast water treatment systems
10:40 Brent Crude futures price up 0.48% to $69.36, Light Sweet Crude – up 0.58% to $63.94
10:22 Baltic Dry Index up to 1,129 points
10:08 Damen delivers five new harbour tugs to to Empresa de Navegación Caribe, Cuba
09:36 Throughput of port Kaliningrad in 2017 grew by 18% to 13.84 mln t
09:17 Throughput of port Vyborg up 12% to 1.54 mln t in 2017

2018 January 22

18:10 Throughput of port Vysotsk up 3% to 17.55 mln t in 2017
17:53 Myanmar accedes to treaty covering bunker oil pollution damage
17:35 Hutchison Ports Thailand receives world’s largest quay cranes with advanced remote control technology at Laem Chabang Port
17:19 Port of Tallinn announces auction for equipment and structures of coal terminal in Muuga Harbor
17:05 ESPO supports more efficient but responsible management of waste from ships
16:50 Throughput of port Primorsk in 2017 down 11% Y-o-Y to 57.60 mln t
16:35 DP World and National Investment and Infrastructure Fund (Niif) Partner to create platform for investments in ports, transportation and logistics sector
16:21 Rosmorport’s icebreakers assisted 269 vessels at seaports of Russia this winter navigation season
16:05 Port of Rotterdam Authority puts hybrid vessel into operation
16:00 Throughput of port Ust-Luga up 11% to 103.29 mln t in 2017
15:34 Maritime engineering firm Intermarine UK opens new facility at Portland Port, Dorset
15:08 Boskalis supports V Forum of Dredging Companies as its Sponsor
15:04 CMA CGM announces FAK rates from Gulf ports to North Europe and the Mediterranean
14:47 Damen signs contract with Canada’s Group Ocean for two Modular Multi Cats
14:26 Throughput of Big Port St. Petersburg up 10% to 53.64 mln t in 2017
13:59 Four vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 21-22
13:35 Average wholesale prices for М-100 HFO down to RUB 12,946 in RF spot market
13:12 Freight turnover of Neva-Metal (Saint-Petersburg) in 2017 was flat Y-o-Y at 3.1 mln t
12:47 Kalinka Shipping congratulates North-Western Shipping Company on its 95th anniversary!
12:24 Baltic Dry Index up to 1,125 points
12:00 “K” Line announces delivery of 14000-TEU containership “MILANO BRIDGE”
11:36 Okskaya shipyard lays down the fourth oil barge of Project ROB20 for Paula Rise (photo)
11:13 Cargo traffic on Russia’s IWW in 2017 up 0.5% Y-o-Y to 118.6 mln t (photo)
11:00 “K” Line announces delivery of ‘Corona’ Series coal carrier “CORONA WISDOM”
10:25 Brent Crude futures price up 0.29% to $68.81, Light Sweet Crude – up 0.22% to $63.45
10:11 Suez Canal revenues up with a rate of 250 million dollars
10:02 Container throughput of port Hong Kong (China) up 4.8% to 20.75 mln TEUs in 2017
09:40 Bunker sales at the port of Singapore in 2017 up 4.1% Y-o-Y to 50.64 mln t (table)
09:19 Port of Singapore January-December volumes grow 5.5% to 626.17 million tonnes

2018 January 21

10:34 Piraeus Port Authority SA obtains Certificate for the Managing Adequacy System