Search results for: Finnlines

79 results

A list of search results

  • 31 January 2014
    Business & Finance

    Finnlines Plc’s German subsidiary, Finnlines Deutschland GmbH, has sold MS Transrussia to Finnlines Plc at the market price of EUR 30.6 million which corresponds to the book value of the vessel. The sale will have no effect on the Finnlines Group’s result. Through the sale of the last vessel Finnlines Deutschland GmbH will close its […]

  • 29 June 2016
    Business & Finance

    Finnish ferry operator Finnlines has inked a EUR 50-million (more than USD 55 million) loan agreement with the European Investment Bank (EIB) to finance part of its Environmental Technology Investment program aimed at reducing emissions by retrofitting the company’s vessels. According to the company, the EUR 100-million program substantially lowers the environmental footprint and meets the new […]

  • 17 August 2016
    Business & Finance

    Finnish operator of ro-ro and passenger services Finnlines has decided to apply for the termination of trading in the Finnlines shares and for the delisting of the shares from the official list of Nasdaq Helsinki. The company, which operates in the Baltic Sea and the North Sea, said that a delisting application will be filed with Nasdaq Helsinki today. […]

  • 11 September 2014
    Business & Finance

    Rolls-Royce has won a contract to install its efficient Promas Lite propulsion system on two vessels for ferry operator Finnlines. Promas Lite is an integrated propeller and rudder system that increases efficiency and is designed specifically for retrofitting to existing ships. These will be the fifth and sixth Finnlines vessels to feature Promas Lite, following […]

  • 23 February 2017
    Business & Finance

    Finnish ferry operator Finnlines, part of the Italian Grimaldi Group, delivered a record financial performance in 2016 despite a slow economic growth in Europe. The company’s profit for the period was EUR 68.1 million (USD 72 million), representing a 20 percent increase over the 2015 financial year, which was then the best ever result in […]

  • 15 February 2013
    Business & Finance

      Finnlines Plc refers to the release of the Customs of today at 10:00 hours concerning the container containing spare parts of tanks loaded on board MV Finnsun in St. Petersburg on 20.12.2012 on her way via the port of Kotka to the port of Antwerp, Belgium. The real state of the cargo being military […]

  • 13 January 2015
    Business & Finance

    Finnish shipping company Finnlines has agreed to purchase two ro/ro vessels for its North Sea liner services. The vessels will join the Finnlines’ fleet at the end of the year. Finnlines did not disclose the name of the seller or the purchase price. The purchased vessels might be seen as substitutes for MS Finnhansa and MS Finnsailor […]

  • 12 April 2017
    Business & Finance

    Finnish ferry operator Finnlines, part of the Grimaldi Group, has placed a service order with Swedish provider of specialized products and engineering solutions Alfa Laval to optimize the performance of its existing scrubber systems. Finnlines signed the six-year Performance Agreement with Alfa Laval in order to maintain the consistent performance of its PureSOx systems. The […]

  • 16 January 2015
    Business & Finance

    Finnish shipping company Finnlines has purchased another ro-ro vessel, which was named MS Finnmerchant (ex MS Dorset, ex MS Longstone). Earlier this week Finnlines added two ro/ro vessels for its North Sea liner services, slated for delivery at the end of the year. MS Finnmerchant will be employed on  the route between Hanko and Rostock, which Finnlines plan to open […]

  • 22 September 2014
    Business & Finance

    London’s Port of Tilbury has secured a new Ro-Ro service with Finnlines, one of the leading shipping operators of ro-ro and passenger services in the Baltic Sea and the North Sea, the port said. The new service, which began operating in August, will be a weekly service calling each Thursday feeding the Baltic states and […]

  • 15 May 2014
    Business & Finance

    With new stringent sulphur oxide (SOx) emission regulations due to be enforced from January 2015, Finnlines has ordered Wartsila Exhaust Gas Cleaning Systems for six of its Baltic and North Sea fleet of vessels. By selecting Wärtsilä scrubber systems, the vessels will be able to operate in compliance with the new environmental regulations while continuing […]

  • 29 December 2015
    Business & Finance

    The Supreme Court of Finland has today upheld the judgment rendered by the Helsinki Court of Appeal on 29 November 2011 and dismissed all claims presented against Finnish shipping company Finnlines Plc by Mutual Pension Insurance Company Ilmarinen. In its action Ilmarinen had objected to the decision of Finnlines’ Annual General Meeting held on 20 May […]

  • 28 August 2015
    Business & Finance

    Finnish shipping company Finnlines Plc, part of the Grimaldi Group, has entered into a repeat order with Wärtsilä to supply exhaust gas cleaning systems for three Finnlines vessels.   This is a repeat order as in 2014 Finnlines placed a similar contract to have six of its ships fitted with Wärtsilä’s exhaust gas cleaning systems. The […]

  • 8 January 2020
    Business & Finance

    Finnlines has signed an order for two ro-pax vessels with China Merchants Jinling Shipyard (Weihai).

  • 8 November 2012
    Business & Finance

    To improve the financial result, Finnlines will cut excess capacity by chartering MS Europalink bareboat for 5 years to its mother company Grimaldi Group at market levels. The vessel will sail under Italian flag in the Mediterranean Sea after carrying out some technical improvements which will be financed by Grimaldi Group. [mappress] Finnlines, November 8, […]

  • 28 August 2015
    Business & Finance

    Finnish shipping company Finnlines Plc, part of the Grimaldi Group, has entered into a repeat order with Wärtsilä to supply exhaust gas cleaning systems for three Finnlines vessels.   This is a repeat order as in 2014 Finnlines placed a similar contract to have six of its ships fitted with Wärtsilä’s exhaust gas cleaning systems. The […]

  • 22 June 2016
    Business & Finance

    Italian shipping company Grimaldi Group S.p.A. has launched redemption proceedings to acquire all the remaining shares in the Finnish operator of ro-ro and passenger services Finnlines. Namely, Grimaldi, together with its subsidiaries Grimaldi Euromed S.p.A. and Grimaldi Deep Sea S.p.A., holds approximately 98.22 percent of all the shares and votes in Finnlines. The Arbitral Tribunal, appointed by the Redemption […]

  • 5 April 2017
    Business & Finance

    Finnish RoRo and RoPax operator Finnlines will lengthen four of its “Breeze series” ferries, with an option for two additional vessels, in response to increased demand. Finnlines has signed a contract with Remontowa S.A. shipyard in Gdansk, Poland where the actual work will commence in mid September 2017. The yard is committed to perform this work […]

  • 30 July 2015
    Business & Finance

    Finnish ro/ro and ro/pax ferry operator Finnlines Group recorded EUR 15.8 million net profit for the quarter ended June 30, a 7.3 percent increase compared to EUR 14.7m net profit in 2QFY2014, despite an EUR 8.1 million dip in revenue year-on-year. The Finnlines Group recorded revenue totalling EUR 135.2 (143.3) million, a decrease of 5.7 per cent compared to […]

  • 24 November 2017
    Business & Finance

    Finland-based ro-ro and passenger services operator Finnlines has taken delivery of its first lengthened Breeze vessel from Remontowa S.A. shipyard in Gdansk. MS Finntide, delivered in 2012 from the Chinese Jinling shipyard, arrived in Gdansk on September 25, 2017. As planned, the vessel was cut in two and a 30-metre section was inserted between the […]

  • 2 June 2014
    Business & Finance

    Four PureSOx systems have now been ordered by Finnlines, a provider of RoRo and Ropax services, whose Baltic Sea and North Sea operations will soon fall within an Emission Control Area (ECA). “With Alfa Laval PureSOx, Finnlines will be able to continue using HFO in an area of operation where ECA limits apply as of […]

  • 4 October 2017
    Business & Finance

    Finnish RoRo and passenger shipping company Finnlines Plc has sold the ro-pax vessel, MS Finneagle, to the Grimaldi Group, the company said. The sale is said to be part of a strategy aimed at optimising the use of the company’s vessels and routes in order to improve its profitability. MS Finneagle was chartered out to […]