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Finnlines

Mar 19
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Finnlines

By 2020 Newsletter week 12

Finland will start to restrict travelling to Finland as from 19 March 2020 midnight. These limitations remain in force until 13 April 2020.

Finnlines will do their best to ensure that people have the possibility to get home and undertake essential travel:

Finnish citizens and people living in Finland can return to Finland. Note, that the travellers should stay at their homes 14 days after returning home.

Foreign travellers in Finland can return to their home countries.

EU citizens are allowed to return via Finland to their home countries.

Cargo transportation will continue as usual and drivers will be transported normally since essential traveling for work is allowed.

More on Finnlines News.

Jan 09
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FERRY SHIPPING

By 2020 Newsletter week 1 & 2

Finnlines Release Renderings of New Superstar Vessels

At the end of last year Finnlines announced that it signed an order for two Superstar ro-pax vessels from China Merchants Jinling Shipyard (Weihai). Renderings from Knud E. Hansen have now been released.

They will be larger than the existing Star class vessels and will be Finnlines’ flagships both in terms of size and technology. With a length of about 230 metres, their loading capacity will be for 5,100 lane metres for rolling freight and around 1,100 passengers.

The press release says that “the vessels will have the highest Finnish / Swedish ice class and will be built with the top technical and environmental views in mind, while being pioneers in honouring green values.”

The hybrid newbuilds will operate on the Kapellskär – Långnäs – Naantali route. A large duty-free supermarket will be the center of the ship.

They are expected to be delivered by 2023.

Dec 20
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TOP STORY

By 2019 Newsletter week 51

Grimaldi Chose Avic Weihai for Two New Ferries for Finnlines

Grimaldi Group has chosen the Chinese shipyard Avic Weihai for the construction a pair of Superstar Class ferries due to be operated by Finnlines.

  • Contract price roughly USD 135 million each.
  • Delivery is scheduled as from 2023.
  • These new ice-class ferries are an evolution of the Fincantieri-built Star-class vessels.
  • Capacity 5,000 lane metres and 350 cabins.
  • They will have the biggest battery pack ever mounted on a ship.

This is the first time the Grimaldi Group will build ropax ferries in Asia. The other shortlisted yards were Hyundai Mipo, Jinling and Guangzhou Shipyard International in China.

All the European shipyards has been left out since the price were in some cases twice as high.

Oct 10
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Hyundai Mipo, China Merchants Group And GSI Shortlisted For Finnlines’ New Order

By 2019 Newsletter week 41

For the first time in its history, the Grimaldi Group will build ropax ferries in Asia. The order for the new ‘Super Star’ class for Finnlines seems to be very close, according to what Emanuele Grimaldi stated at the EuroMed Convention. “We are now discussing with only three shipyards. The deal can be done in one month.”

The new ice-class vessels are an evolution of the Fincantieri-built Star-Class vessels. They will have a capacity of some 5,000 lanemetres and 350 cabins. They will also have the biggest battery pack ever mounted on a ship.

Some sources revealed to Ferry Shipping News that the builders shortlisted are Hyundai Mipo in South-Korea, Avic, Jinling (both part of the China Merchants group) and Guangzhou Shipyard International in China. All the European shipyards has been left out since the price were in some cases twice as high. Chinese yards seem to have an advantage over the South Korean competitor.

In the near future Grimaldi Group will also order a new series of ‘Supercruise vessels’ for the Mediterranean network, designed “to halve consumption while doubling capacity”.

May 02
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Knud E. Hansen To Design The New Finnlines Ro-Ro Ships

By 2019 Newsletter week 18

Knud E. Hansen has signed a contract with Nanjing Jinling Shipyard, China, for developing the basic design of three ro-ro vessels, based on the Finnlines / Grimaldi / Knud E. Hansen design.

The vessels are based on the same hull as the Grimaldi Green 5th Generation vessels. They are sister vessels, but customized to the needs of Finnlines with regards to heavy cargo and operation in the Baltic Sea.

Some details:

  • delivery as from 2021
  • Finnish/Swedish ice class, 1A Super
  • 5,800 lane metre
  • Length over all: 238m
  • The vessels will use electricity in port, with large lithium batteries. These batteries will be recharged during navigation, through shaft generators employing a peak shaving system.
  • Air lubrication system
Mar 14
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FINANCE

By 2019 Newsletter week 11

Finnlines’ Annual Report 2018 published

Finnlines has published its Annual Report for 2018.  (see Ferry Shipping News 10 for comments)

Finnlines has also published its Financial Statements 2018 and Financial review Q4 2018 on 28 February 2019, which are available on the Company website as well.

Mar 07
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Finnlines Grows With Its Customers

By 2019 Newsletter week 10

Finnlines Plc published its financial review for the period January–December 2018. The Grimaldi Group company continues to perform well, with the result increasing by EUR 12.5 million to EUR 95.1 million.

Revenue also increased by 9.9% to EUR 589.4 million.

During Q4, the cargo volumes remained strong, increasing the revenue compared to last year from EUR 131.8 million to EUR 141.5 million. The result for October–December was EUR 19.7 (14.8) million.

In a statement, CEO Emanuele Grimaldi confirmed the success of the strategy:

  • Growing together with the customers
  • Investments in sustainable development
  • Deploy larger vessels in both the ro-pax and ro-ro segments, creating economies of scale
  • Route and vessel optimisation

What does the future bring?

  • In April 2018, Finnlines ordered three new green 5,800-lane-metre ro-ro vessels.
  • Finnlines is currently developing a new ro-pax class concept, the “Superstar” ro-pax
Dec 06
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Less Food Waste On Baltic Ferry Buffets

By 2018 Newsletter week 49

Several Baltic ferry companies are focusing on minimizing food waste at the buffet restaurants, a typical place where people tend to take too much.

Tallink Silja is looking at the entire food chain from the galley to the passengers. Smaller plates help a lot. However, different passenger profiles create different consumption patterns (example: 200 ice-hockey players versus 200 retired people).

Viking Line has set up signs at its buffet, where they invite people not to take more food than they can eat.

Putting smaller portions in the buffet also helped a lot. It helps the passengers to take the right sizes of portions.

Finnlines has been focusing on getting better at assessing the amount of needed food.

On the Helsinki-Travemünde route the company provides food coupons that allow the combination of a light breakfast and then a hearty lunch.

Nov 08
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FINANCE

By 2018 Newsletter week 45

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.