EstLink 2, the electricity transmission link between Finland and Estonia that was damaged at the end of 2024, is set to return to commercial use on June 25, earlier than planned. Finnish transmission system operator (TSO) Fingrid reported to the authorities on December 25, 2024, the failure of Estli
Wärtsilä has received a new regasification module order from Höegh Evi for a conversion project that will see a liquefied natural gas (LNG) carrier repurposed into a floating storage and regasification unit (FSRU) destined for deployment in Egypt.
Finnish cleantech company Norsepower is set to supply six units of its wind propulsion solution for a total of six newbuilding tankers commissioned by Germany’s GEFO Shipping Group. As disclosed, under the terms of the agreement that the two companies have signed, Norsepower will provide its rotor s
Finland-based marine technology major Wärtsilä has achieved a “significant” reduction in greenhouse gas (GHG) emissions with its four-stroke ammonia engine solution, with numbers showing emission levels going down by up to 90%. According to the company, the Wärtsilä 25 engine has undergone ‘extensiv
Finland-based shipowner ESL Shipping has signed a €70 million loan agreement with Swedish finance provider Svenska Skeppshypotek to partially finance a series of four methanol-fueled 17,000 dwt Handysize vessels.
Finnish marine engineering company Deltamarin has inked a deal with the China Merchants Jinling Shipyard (Weihai) to design and develop new Hansa Superclass roll-on/roll-off passenger vessels (RoPax) for compatriot shipping player Finnlines. As informed, following the wrap-up of the concept and cont
Finnish shipping company Finnlines has decided to launch a low-emission sea transportation service, which combines sustainability with efficient carriage of freight.
Finland-based naval architecture and engineering consultancy Foreship has been contracted to support compatriot shipping company Wasaline in delivering a battery upgrade on MV Aurora Botnia that will see the ferry’s energy storage capacity increase nearly sixfold.
Prysmian has boosted its transmission business with the completion of the expansion works at its subsea power cable factory in Finland and the naming ceremony for the newest addition to its cable laying vessel (CLV) fleet.
MacGregor has secured an order from the Vertom Group to deliver fully electric cargo cranes for four multipurpose vessels to be built in India.
The Nordic Investment Bank (NIB), a Finland-based financial institution of the Nordic and Baltic countries, has signed a 10-year loan agreement with compatriot shipowner ESL Shipping to finance the construction of four IA ice-classed green Handysize ships.
In early May 2025, Finnish dairy products company Valio started using the green shipping corridor between Turku and Stockholm.
