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Nov 08
0

FINANCE

By | 2018 Newsletter week 45 | No Comments

Finnlines Continues To Be A Strong Performer

Finnlines doesn’t stop to impress by its excellent results.

First nine months:

+10.7% Revenue (EUR 447.9 million)

+7.1% EBITDA (EUR 129.0 million)

+10.9% Result (EUR 75.3 million)

Q3: Best ever Q3 result again

+9.4% Revenue (EUR 158.8 million)

-0.2% EBITDA (EUR 50.6 million)

+1.5% Result (EUR 33.0 million)

The Grimaldi Group has three modern and green ro-ro vessels on order, which will add up another 17,500 lane metres to their Finnlines services. They are expected to enter service in three to four years time.

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Aug 16
0

Finnlines Surfing On The Waves Of A Thriving Finnish Economy

By | 2018 Newsletter week 33 | No Comments

Grimaldi Group has performed very strongly in the first half of 2018:

  • Revenue EUR 289.1 million (+11.5%)
  • Result EUR 42.3 million (+20%)
  • EBITDA EUR 78.3 million.
  • Cargo units 338,000
  • Passengers 304,000

Productivity has been improved with the lengthening programme, which is complete at the end of the year: six lengthened vessels = an extra 6,000 lane metres = equivalent of two vessels.

May 31
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FERRY PORTS

By | 2018 Newsletter week 22 | No Comments

New Direct Finnlines Service Between Aarhus And Helsinki

Finnlines is reshuffling its services between Denmark and Finland and provides since 28 May a direct service between Helsinki and Aarhus.

There will also be a direct connection between Aarhus and Uusikaupunki, which offers new possibilities for cargoes between Denmark and Western Finland. Turku will be available via transhipment in Travemünde

The new weekly service between Travemünde and Aarhus is especially suitable for all kinds of rolling cargo, particularly for high and heavy cargo unable to cross the Kiel Canal bridge due to weight limitations.

Photo: Port of Aarhus © Ole Brikner

May 17
0

FERRY PORTS

By | 2018 Newsletter week 20 | No Comments

Further Capacity Increase At Port Of Kapellskär (Stockholm)

On May 8 the Finnlines vessel FINNSWAN called for the first time at the new pier at the Port of Kapellskär. This will increase the freight capacity by almost 30% on the Kapellskär – Naantali route.

She will operate together with FINNFELLOW. Cargo capacity will rise from 5,450 lane metre to 7,000.

Photo: Ports of Stockholm

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Mar 01
6

New Ships For Finnlines, Which Had Its Best Year Ever In History

By | 2018 Newsletter week 09 | No Comments

Powered by a growing Finnish economy, Finnlines was able to achieve new records.
The full year 2017 result was EUR 82.7 (68.1), an improvement of +21%.The Finnlines fleet is being expanded.

  • As announced earlier, the ro-pax EUROPALINK re-joined the Finnlines fleet after five years in the Mediterranean Grimaldi fleet. Her introduction on Germany – Sweden made it possible to move NORDLINK to Sweden – Finland. As FINNSWAN she is the largest vessel ever on Naantali–Långnäs–Kapellskär.
  • Four of Breeze-class ro-ro vessels have been or will be lengthened. The lengthening programme should be finished by the end of April.
  • Finnlines has signed a letter of intent for three new 7,300 lane metre ro-ro vessels. Finnlines did not unveil any further details related to the shipbuilding order. However, Mr Grimaldi announced at his last EuroMed conference the intention to order environmental-friendly hybrid ro-ro’s, designed by Knud E. Hansen. Combustion engines would be combined with batteries, and the ships would be equipped with scrubbers. The so-called GG5G ships would be 235m long.

Photo: Knud E. Hansen

Feb 08
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FINNSWAN to be deployed on Naantali–Långnäs–Kapellskär route

By | 2018 Newsletter week 06 | No Comments

The Finnlines fleet saw a reshuffle after the purchase of EUROPALINK, last week.
At the end of April, NORDLINK, already renamed FINNSWAN, will move from the Malmö–Travemünde route to the Naantali–Långnäs–Kapellskär route.
She will be one of the first ships of this cargo capacity (4,215 lane metres) to service the Finnlines customers.
Before, she will undergo refurbishment in the public areas.