• 2017 November 8 07:56

    Finnlines posts results for January–September 2017

    Finnlines issued press release with results for the period of January–September 2017.

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

    “The third quarter of 2017 was the best ever quarter of Finnlines’ history. The January–September 2017 result for the period improved by approximately 12 per cent, and was EUR 67.9 (60.9) million, representing the best nine month result in Finnlines’ history. The third quarter result amounted to EUR 32.5 (30.3) million. The recovery of Finland’s economy is reflected in our export and import volumes which have continued to grow over 10 per cent.

    Finnlines has continued to invest in its fleet to become a more environmentally friendly and a more sustainable shipping company. As we have now completed our EUR 100 million Environmental Technology Investment Programme to reduce the sulphur emissions by over 90 per cent since the start of the Programme, a new investment programme, the Energy Efficiency and Emission Reduction Investment Programme has been started. In this EUR 70 million investment programme we lengthen four of our “Breeze series” ro-ro vessels with options for two more vessels. Finnlines, as an efficient operator, has during the past decade deployed bigger and bigger vessels in both ro-pax and ro-ro segments, creating economies of scale and sharply reducing emissions per ton transported. The first vessel is currently being lengthened and the last one is scheduled to be lengthened by May 2018. Approximately 30 per cent capacity increase per vessel will further reduce the energy consumption per transported unit. Finnlines has also invested in digitalisation. We have developed mobile services in our port operations, and have also implemented two major ERP systems, one in the Port and the other one is related to vessel efficiency monitoring and measurement.

    In maritime industry several important themes are prevalent and necessary to implement: desulphurisation, decarbonisation, digitalisation apart from the ongoing consolidation of the industry. Above all, we are entering an era where electrical batteries will be installed in several newbuildings and every such vessel will enter our ports with zero emissions. While Finland is celebrating the centenary of its independence and Finnlines is celebrating its 70th anniversary, we are stronger than ever. This will be our third record breaking year thanks to the right strategic, operational and financial decisions taken. We continue to optimise our operations and seek for growth in order to strengthen our competitive position. In response to growing demand, we are expanding our fleet. MS Europalink will be rejoining Finnlines early next year between Sweden and Germany on Malmö–Travemunde route. MS Europalink will be equipped with closed-loop-ready scrubbers. At the same time, MS Nordlink will be redeployed on routes between Finland and Sweden, on Naantali–Kapellskär route via Långnäs. Both Star Class vessels carry up to 4,200 lane metres.

    We have bigger vessels, more sustainable operations, and with more efficient operations we can serve our customers even better. We are more than ready and well equipped to grow with our customers in a very sustainable way.”
    Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is a part of the Grimaldi Group, one of the world’s largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, West Africa as well as the Atlantic coast of both North and South America.

2020 March 28

15:13 Belov Engenharia Ltda to operate Robert Allan designed DSV for Petrobras
13:42 Valaris received a termination notice for the drilling contract for VALARIS DS-8
12:47 SCHOTTEL wins propulsion contract to equip U.S. Navy vessels
11:31 VT Halter Marine to execrise an option for forth APL(S)
10:53 USCG Cutter Polar Star returns home from Operation Deep Freeze 2020

2020 March 27

18:37 Kim Heng Marine & Oilfield incorporates JV Bridgewater Marine (Taiwan)
18:14 Port of Antwerp Covid-19 Taskforce: supply chains still working
17:52 Oboronlogistics delivers materials and equipment for construction of medical center in Kaliningrad Region
17:29 Exercise involving three frigates of RF Navy’s Black Sea Fleet took place in Mediterranean Sea
17:05 Philippine Ports Authority imposes entry protocol in offices, ports in fight against COVID-19
16:43 Admiralteiskie Verfi launches lead freezing trawler of Project СТ-192 built for Russian Fishery Company
16:21 Arthur Sedov appointed as Managing Director of Rosterminalugol
16:05 Cosco Shipping Ports announces full year results for 2019
15:58 Gazpromneft Ocean marine oils are available in South Korea
15:44 The world's most powerful semi-submersible crane vessel receives the largest LNG bunkering in the Port of Rotterdam
15:27 Navigation on middle Volga and Volga-Baltic Canal to be opened ahead of schedule
15:04 Maritime and Port Authority of Singapore to provide economic relief to passenger vessel owners and operators
14:40 Severnaya Verf lays down fifth processing trawler of Project 170701 ordered by NOREBO Group
14:16 VPower Group is new distributor for Rolls-Royce’s MTU solutions in China
13:55 Russia’s foreign trade cargo to be completely redirected to domestic ports by 2022-2023 - Rosmorrechflot
13:06 Russian bunkering market meets demand for low-sulphur fuel – RF Transport Ministry
12:28 Port of Gdansk is fully operational
11:33 Rosmorport's Arkhangelsk Branch takes measures to prevent COVID-2019 spread
11:09 Diana Shipping announces time charter contract for m/v P. S. Palios with C Transport
10:35 MABUX: Bunker market this morning, Mar 27
10:32 69th navigation season opened in Volga-Don Basin of inland water ways
10:09 Fincantieri extends work stoppage in all its Military and Cruise Vessels production plants and offices from March 30th
09:54 Brent Crude futures price is up 0.68% to $26.52, Light Sweet Crude – up 1.86% to $23.02
09:39 Launching ceremony held for lead shallow-draft dry cargo barge of Project RDB20
09:20 Synergy Group calls for collective action on shipping’s coronavirus crewing crisis
09:11 Baltic Dry Index is down to 569 points

2020 March 26

18:36 MHI-MME first receives MET-MBII turbochargers first order
18:05 DNV GL’s remote surveys surge with 15,000 completed since launch
17:50 IAPH welcomes new member port from Canada
17:36 CMA CGM completes a first transaction relating to the sale of eight port terminals to Terminal Link for USD 815 million in cash
17:16 Höegh LNG announces amendment and restatement of the FSRU Independence debt facility and a new interim LNGC timecharter
17:05 OOCL announces additional withdrawal of Trans-Pacific sailings in April 2020
16:43 RF Government approves Transport Strategy till 2035
16:28 Measures introduced for Nevsky Shipyard staff to prevent spread of Covid -19
16:24 Customised Wärtsilä ship design chosen for two new P&O ships
16:20 MAN Cryo develops liquefied methane terminal in Swedish port city Oxelösund
16:05 COSCO SHIPPING Ports announces FY2019 results
15:37 PDP Institute of Admiral Makarov SUMIS undertakes measures to prevent spread of Covid-19
15:30 APM Terminals issues North America COVID-19 update
15:15 World Maritime University and International Union of Marine Insurance sign Memorandum of Understanding
14:52 North Sea Port takes further action to keep port operational along Ghent and Zealand side
14:13 Delo Group is to consolidate 99.6% of PJSC TransContainer
13:44 Bunker prices continue going down at the Far East ports of Russia (graph)
13:21 Expansion of infrastructure for coal exports via port of Vysotsk approved by Glavgosexpertiza
12:48 Blagoveshchensk shipyard named after October Revolution laid down yet another hydrographic ship of Project 19910
12:10 BC Ferries announces fuel rebate
11:29 Murmansk Commercial Seaport completed construction of wind and dust barriers
11:00 Busan Port cooperates with the government, operators and workers to prevent COVID-19 infection
10:52 Panama Canal adopts measures to guarantee sustained operations amid COVID-19
10:38 Ministry of Transport and Communications of Finland to amend decrees on road ferries, manning of ships and certification of seafarers
10:16 MABUX: Bunker market this morning, Mar 26
10:04 Finnpilot reports on its preparation for COVID-19
09:41 Tallink Grupp Supervisory Board members waive remuneration
09:23 Brent Crude futures price is down 0.62% to $27.22, Light Sweet Crude – down 1.51% to $24.12
09:09 Baltic Dry Index is down to 582 points