Two New Cargo Ships Delivered

Total Page:16

File Type:pdf, Size:1020Kb

Two New Cargo Ships Delivered news a Grimaldi Group Company 3 /11 / 7 TWO NEW CARGO SHIPS DELIVERED >> Modern >> Reliable >> Efficient Editorial Contents Editoral 2 Stora Enso and Finnlines intensify their cooperation further 4 Rail&Sail 5 Grimaldi companies pioneer passenger system of the future 5 European maiden voyage for Finnlines’ newbuildings 7 Finnlines Modern Innovation Initiative For more passenger comfort 10 Bakosch underlines sulphur limits as a challenge to supply chain costs and Finnlines – sailing ahead strongly! a threat to the Baltic economies 12 Schedules 13 Finnlines can look forward with optimism to the remainder of the year, and beyond. The first six months was certainly challenging, featuring as it did harsh winter conditions, soaring fuel prices and an unexpected strike. Happily, we are starting to benefit from the hard work put in over the last two years to strengthen the company’s operating and financial performance. news With Finland’s maritime trade on the upswing and state-of-the-art new ships joining the fleet, we expect to register a strong second half, Issue 3/2011/7 so much so that by year-end we should have comfortably outstripped last year’s results. By next year, the rationalisation of our Finnish port Editor in Chief: Leena Manner operation to reflect falling demand and lower volumes should also translate into substantial savings. Printed by: Euraprint Oy By several measures, our renewed operating strength is already Published by: Finnlines Plc, shining through. Revenues for the first six months, for instance, rose Porkkalankatu 20 A 9% to EUR 299.2 million from EUR 274.4 million in the same 2010 pe- FI 00180 Helsinki riod. While port and terminal revenues were stable year-on-year, ship- www.finnlines.com ping and sea transport services revenues jumped from EUR 249.8 mil- [email protected] lion to EUR 275.3 million over the period. Printed in Finland in August 2011. We remain positive and this owes something to the recent arrival of Circulation: 27,000 copies two sparkling additions to the fleet. As you will discover in the pages Finnlines – sailing ahead strongly! that follow, Finnbreeze and Finnsea were named together in a cer- allows customers to compare options and purchase travel in an ef- emony at China’s Jinling shipyard and have since made a triumphant ficient, user-friendly online environment. debut in the North Sea and Biscay service, with Finnbreeze’s maiden As we improve our distribution system, we are also looking to calls at Bilbao, Antwerp and Helsinki greeted with great festivity. expand our palette of services, most recently through a tie up with Our pride in this series of ships – and two more are due to join Ameropa, Deutsche Bahn’s tour operator specialising in city breaks the fleet later this year – stems not just from their carrying capacity, and railway vacations. Our new Rail&Sail package allows holiday- which is significant, and their efficiency, but from the technological makers to combine these two sophistication that will also help dramatically reduce their impact on relaxing, eco-friendly modes the marine environment. of transport in accessing fas- As you will also discover in these pages, Finnlines has registered cinating destinations around other advances over the last six months that will provide substantial the Baltic region. benefits in the future. Though cargo remains our core business, we In that spirit, I wish you are also working to build up passenger volumes and to this end have all happy holidays and happy put a number of our ships – including our five Star-class vessels con- travels! necting Germany and Finland – through a major restyling designed to improve the passenger experience. After taking ship aboard one of Uwe Bakosch, these revamped vessel for a biking holiday all over Finland this June, President / CEO I can testify personally to the improvement. Our newly introduced ebooking system represents another great leap forward for the passenger looking to sail with Finnlines. The product of an ambitious project across the entire Grimaldi Group, it STORA ENSO AND FINNLINES INTENSIFY THEIR COOPERATION FURTHER Finnlines’ common carrier role has always been valued as Finnlines’ experience in industrial shipping has ena- a major element of the company’s business approach, and bled us to acquire expertise which guarantees the highest one that has never stood in the way of mutually beneficial standard of technical and operational service. After reach- co-operation with customers. That remains true to this ing another framework agreement with one our major cus- day, as a new agreement with forest products giant Stora tomers, Stora Enso, this approach has been validated once Enso demonstrates. more. Finnlines has long had an important role in the trans- Under the terms of this agreement, Finnlines and Stora port of forest products, one of the Nordic countries’ main Enso will further extend their cooperation. From the be- exports. Over the last two decades, however, the forest ginning of June 2011, Stora Enso’s volumes moving from industry has changed considerably, and that process is South Finland to Germany are included in Finnlines’ Baltic expected to continue. Production lines are being closed liner network. This development allows for two weekly or refurbished, the ownership structure has changed, and departures (Tuesday and Thursday) from Kotka to Lübeck logistics strategies are more varied. Change is constant. instead of the present one weekly departure. These varying logistics strategies require sea carriers to “We are happy to see this encouraging development of have significant knowledge of the supply chain. This is partic- our ro-ro services”, said Uwe Bakosch, President/CEO of ularly important as the industry’s undergoes structural change Finnlines. “This strong long term support from Stora Enso since, in addition to operating flexibility, shipping companies shows that both companies, Stora Enso and Finnlines, be- must also be able to come up with new service concepts. lieve in a joint prosperous future.” 4 RAIL&SAIL BECOMES A REALITY after link-up with Ameropa-Reisen IN YET ANOTHER INNOVATIVE EXPANSION OF OUR © Siemens press picture PASSENGER BUSINESS, FINNLINES HAS AGREED TO COOPERATE WITH AMEROPA-REISEN, A WHOLLY- OWNED SUBSIDIARY OF DEUTSCHE BAHN, IN OFFER- ING “RAIL&SAIL” SHORT TRIPS FROM TRAVEMÜNDE TO HELSINKI WITH FINNLINES VESSELS. Ameropa-Reisen is the leading tour operator will also cover the journey to for holiday travel in Germany and neighbor- and from Lübeck by train as ing countries as well as for holiday travel by well as optional overnight train. In addition to a wide range of pack- stays in Lübeck. ages, such as “City Trips”, “Holidays in Ger- The Rail&Sail concept is many and Europe”, “Spa and Wellness tours” based on three basic ele- or “Wine and Gourmet tours”, the Germany- ments. The first is comfortable and uncompli- specialist publishes monthly last-minute cated train travel from any German railway offers, including last minute cruises. Most station to a Finnlines harbour. The second include the train journey to the harbor. is the enjoyable and relaxing crossing to “We at Finnlines looks forward to extend- For the September edition of these last- the destination. The whole experience is ing our cooperation with Ameropa-Reisen to minute offers, the company plans to publish completed by the destinations themselves, other products. After all, traveling by train for the first time a range of products in co- which offer a wide range of attractions for and ro-pax vessel is an easy, eco-economical operation with Finnlines. In addition to the people interested in nature or culture, history way to take a relaxing break from the stress- ship voyage from Travemünde to Helsinki, or shopping, or simply curious about other es of everyday life”, says Uwe Bakosch, Malmö/Copenhagen and St. Petersburg, they people and how they live. President/CEO of Finnlines. Grimaldi companies pioneer PASSENGER SYSTEM OF THE FUTURE As in so many businesses, the development of the ICT environment is becoming a significant success factor in the travel industry. The abil- ity independently to locate and compare different destinations and travel alternatives and then book the most suitable trip over the web has rapidly become a fact of life. Indeed, many of today’s consumers prefer to reserve online, because of its ease, speed and convenience, and they expect systems to be fast and flexible. > 5 In the planning stage, special attention was given to the front end of the online book- ing system. This is essential both for con- sumers who search and book on their own, and for agents and tour operators. In the new system, the consumer online booking flow is logical, the screens are in- formative and the shopping cart screen keeps track of the price throughout the process. EBooking also actively suggests optional de- parture dates and beneficial package deals, if available, for the selected trips. After the fine tuning that took place during start-up, the consumer experience of eBook- ing was very positive and it is evident from the feedback since then that customers find the system well-designed and easy to handle. The proof of the pudding is in the eating: as early as June, the share of reservations made online was already significant and growing. The online rollout to agents has already Online reservation system is fast, flexible and easy to use with only few screens to be filled in. started and the expectation is that most agents will be booking online by the end of the year. In October 2009, the top management and ing hours on data migration, setting up ves- the heads of passenger business and IT in sel templates, cabin plans, price lists and wElcoME to thE MEditErranEan the various Grimaldi Group companies laid sailing plans.
Recommended publications
  • Finnlines Annual Report 2019
    ANNUAL REPORT 2019 Contents Highlights 2019 2 CEO’s Review 4 CFO’s Review 6 Business concept, values and strategic goals 9 Business environment 1111 Shipping and Sea transport services 1313 Passenger services 1515 Port operations 1717 Environment and safety 1919 Human resources 2323 Financial Statements Board of Directors’ Report 2626 Consolidated statement of comprehensive income 3030 ConsolidatedConsolidated statement of financialfinancial position position 31 ConsolidatedConsolidated statement of changeschanges in equity 3232 Consolidated statementstatement ofof cashcash flows flows 33 33 Profit andand lossloss account,account, ParentParent Company 3434 BalanceBalance sheet, Parent Company 3535 Cash flowflow statement,statement, ParentParent Company 3636 Five-year keykey figures figures 37 CalculationCalculation of key ratios 3838 QuarterlyQuarterly data 39 Board’sBoard’s Proposal 4040 Auditor’sAuditor’s Report 4141 Corporate Governance Statement 4343 Board of Directors 4848 Executive Committee and Board of Management 4949 Finnlines fleet fleet 50 Contact information 5252 Operating areas 5252 The Grimaldi Group 53 Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea, the North Sea and the Bay of Biscay. The Company’s passenger-freight vessels offer services from Finland to Germany and via the Åland Islands to Sweden, as well as from Sweden to Germany. Finnlines’ ro-ro vessels operate in the Baltic Sea, the North Sea and the Bay of Biscay. The Company has subsidiaries or sales offices in Germany, Belgium, Great Britain, Sweden, Denmark and Poland. In addition to sea transportation, the Company provides port services in Helsinki and Turku. Finnlines 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.
    [Show full text]
  • Regular Shipping Lines and Service Providers in 2018 Offi Ce Centre Merituuli, Kotka P.O.Box 196 FI-48101 Kotka, Finland Merituulentie 424, FI-48310 Kotka
    PORT OF HAMINAKOTKA Regular shipping lines and service providers in 2018 Offi ce Centre Merituuli, Kotka P.O.Box 196 FI-48101 Kotka, Finland Merituulentie 424, FI-48310 Kotka Offi ce Centre Kuorsalo, Hamina P.O.Box 196 FI-48101 Kotka, Finland A seaport for trade and industry Satamantie 4, FI-49460 Hamina Port of HaminaKotka is a modern Finnish seaport ideal for international trade and industry. Its close proximity to the border between the EU and Russia off ers the fastest, safest and most competitive route to and from Russia. With scheduled routes to key ports in the Baltic Sea region and Europe, the Port of HaminaKotka enables regular connections to the whole world. • haminakotka.com • sales@haminakotka.fi • tel. +358 (0)20 790 8800 Regular shipping lines 2018 LINER TRAFFIC TO AND FROM THE MUSSALO HARBOUR Destination Shipping line Frequency Type Liner agent Gdansk COSCO 1 x week container Stella Naves Rotterdam COSCO 1 x week container Stella Naves Bremerhaven-Hamburg Hapag-Lloyd 1 x week container Stella Naves Bremerhaven Teamlines 1 x week container Teamlines Hamburg Teamlines 1 x week container Teamlines Antwerp CMA-CGM 1 x week container Dahlberg’s Agency Rotterdam CMA-CGM 1 x week container Dahlberg’s Agency Wilhelmshaven- Maersk 1 x week container Dahlberg’s Agency Felixstowe Antwerp-Felixstowe Maersk 1 x week container Dahlberg’s Agency Rotterdam X-Press feeders 3 x week container Global Freight Solutions Oy Bremerhaven-Hamburg X-Press feeders 1 x week container Global Freight Solutions Oy Bremerhaven Unifeeder 2 x week container Dahlberg’s Agency Gdansk-Gdynia Unifeeder 1 x week container Dahlberg’s Agency Le Havre-Antwerp- MSC 1 x week container Dahlberg’s Agency Bremerhaven LINER CONNECTIONS OF THE HIETANEN RORO AND CAR TERMINALS Destination Shipping line Frequency Type Liner agent Antwerp Transfennica 2 x week conro Transfennica Paldiski Transfennica 2 x week conro Transfennica Gdynia Transfennica 1 x week conro Transfennica St.
    [Show full text]
  • Download Our Latest White Paper, Lean Maintenance Programs: How Creative Machining Solutions Can Help, At
    2005 MARCH COVER.qxd 3/2/2005 10:45 AM Page 1 March 2005 MARITIME REPORTER Cruise Shipbuilding AND ENGINEERING NEWS Italy Leads the Comeback www.marinelink.com Ship Safety SAFEDOR Launched Government Update Nontank Vessels Need Response Plans Investment in Design New Solutions for LNG Ships Navy X Marks the Spot New Products • Sea Technology • Tanker Market Report • Ships Store • SatCom Directory MR MARCH 2005 #1 (1-8).qxd 3/2/2005 11:58 AM Page 2 A Century of Navy Partnership Power Solutions When the Stakes are High More than a century ago, when the U.S. Navy wanted more precise targeting Call us to find out how our innovative and changed its aiming systems from hydraulic and steam-powered movement attitude can make you more successful to electric systems, Ward Leonard led the way, creating and installing the at 860-283-5801 world’s first multiple voltage system. The system played an important role in or visit us at www.wardleonard.com. the Spanish-American War. We’ve got answers. Today, as the U.S. Navy moves from hydraulic and mechanical systems to all electric, Ward Leonard is on station, innovating and partnering. We have just created an innovative, multi-protocol communications module that simplifies shipboard motor control management and reduces development costs while eliminating equipment duplications. Circle 288 on Reader Service Card MR MARCH 2005 #1 (1-8).qxd 2/28/2005 3:54 PM Page 3 ACCESS With C-MAP/Commercial’s CM-93 electronic chart database, you receive global coverage on one CD. Our 18,000+ electronic charts make navigating commercial vessels easier and safer than ever.
    [Show full text]
  • Freight Guide
    FinnLink traffic Kapellskär - Långnäs - Naantali FREIGHT GUIDE 2017/03 2 CONTENTS Finnlink transports 4 Timetable 4 Seafreight is comprised of 5 VAT 5 Reservations 6-7 Freight clearance 8 ISPS 9 Special transports 9 Dangerous goods 9-10 Forwarding services 11 Stevedoring 11-12 Vessels 12 Contact information 13 Långnäs 14 3 FREIGHT GUIDE DEAR FREIGHT CUSTOMER! Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea and is part of Grimaldi Group. Finnlines Plc, FinnLink traffic specialises in sea transport between Naantali, Finland and Kapellskär, Sweden, we base our activities on the needs of freight traffic. We operate with two ropax vessels. This booklet contains information on how we operate. We hope that this guide will provide you with the necessary assistance in various freight-related matters. 4 FINNLINK TRANSPORTS: Road trains Lorries Trailers (semi-trailers) We do not transport: Caterpillar vehicles on deck Rolltrailers (MAFI trailers) TIMETABLE An up to date timetable can be found on the Internet at www.finnlines.com. Exceptions (dockings, seasonal traffic etc) occur regularly. 5 SEA FREIGHT IS COMPRISED OF Meter-prising (per every 1/2 meter) Vehicle fee includes driver ticket plus stay in 2 or 4 -person cabin, 2 meals and sauna Tonnage and port fees VAT 24% (if applicable) As well as surcharges eg. for oversized loads, dangerous goods, electrical connection, additional charges for special departures, bunker etc. VAT Companies registered outside of Finland: VAT 0%. Companies registered in Finland: all transports made within the EU are subject to VAT (24%).
    [Show full text]
  • Finnlines News 1/2019
    news a Grimaldi Group company 1/2019 On the front line of the R&D revolution High and heavy project cargo Shipping in Finland Efficient. Reliable. Sustainable. Contents Editorial 2 Stepping into an authentic LUX cabin 4 Star Club Loyalty Program – Convenient and easy 5 Shipping in Finland 6 Transporting project cargo, ”high and heavy” 7 Schedules 11–15 On the front line of the R&D revolution news he Grimaldi Group is riding a wave of Issue 1/2019 seq. no. 25 rapid technological change powered by research and development. Automisa- Editor in Chief: Finnlines tion, digitalisation and the development of Printed by: K-Print Temission-reduction technology will help push our industry towards a low-carbon future. Published by: Finnlines Plc Komentosilta 1 FINNLINES, WITH ITS ADVANTAGEOUS POSITION at FI 00980 Helsinki the heart of the Scandinavian high-tech cluster, is www.finnlines.com both contributing to and benefiting from this revolu- [email protected] tion. For a case in point, take the three ice-class Address changes: newbuildings earmarked for Finnlines from the www.finnlines.com/finnlines-news Group-wide orderbook. Not only will they be among Printed in April 2019. the largest ro-ros in the North Sea and Baltic, they Circulation: 15,500 copies will also benefit from battery technology currently being installed on two Group cruise-ferries in the Mediterranean: vessels that will boast zero emis- sions in port because they rely entirely on batteries recharged while underway. able Shipping Forum, an EU platform for elaborat- ing environmental solutions for our industry. We are also one of the 4 shipowners which founded the Global Industry Alliance (GIA), a new public- private partnership initiative of the world-level IMO organisation that aims to bring together maritime industry leaders to support an energy efficient and low carbon maritime transport system.
    [Show full text]
  • BLÜCHER Marine References
    BLÜCHER Marine References Country Project Shipyard Owner Vessel Type Hull no. Year Argentina Frigate Naval Shipyard Frigate Frigate Refitting 2005 Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 361 2013 Border Protection Service Protection Service Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 362 2013 Border Protection Service Protection Service Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 363 2013 Border Protection Service Protection Service Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 364 2013 Border Protection Service Protection Service Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 365 2014 Border Protection Service Protection Service Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 366 2014 Border Protection Service Protection Service Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 367 2014 Border Protection Service Protection Service Australia Australian Customs and Austal Ships Australian Customs and Border Cape Class Patrol Boat 368 2014 Border Protection Service Protection Service Australia Australian Defence Civmec/ASC Australian Defence OPV OPV1 2019 Australia Australian Defence - ASC Shipyard Australian Defence Air Warfare Destroyer 2012 AWD Australia Australian Defence - LHD BAE Systems Australian Defence Landing Helicpoter 2012 Dock Australia Dick Smith Tenix Dick Smith Ocean Research Ulysses Blue 2005 Vessel Australia Esso West Tuna Esso Platform 1996 Australia HMAS Arunta BAE Systems Australian Defence ANZAC Frigate ANZAC 2019 Australia Jean de la Valette - Virtu Austal Ships Virtu Ferries High Speed Ferry 248 2010 Ferries Australia RNZN Tenix RNZN Ocean Research 42826 2006 Vessel Australia Taylor Bros.
    [Show full text]
  • The New Ro-Pax Class Will Contribute to Climate Fight
    news a Grimaldi Group Company 3/2018 THE NEW RO-PAX CLASS WILL CONTRIBUTE TO CLIMATE FIGHT SUSTAINABLE SHIPPING >> Modern GROWING WITH CUSTOMERS >> Reliable – IMPROVING CARGO HANDLING >> Efficient Contents Editorial 2 Emanuele Grimaldi awarded as Commander of the Order of the Lion of Finland 4 Community involvement in Finnlines 5 Finnlines’ actions in sustainable shipping 6 Six vessels 30 metres longer 7 Our ports – Uusikaupunki–Travemünde 8 FINNLINES TO BUILD NEW RO-PAX CLASS THAT Schedules 11–15 WILL CONTRIBUTE TO CLIMATE FIGHT THE BATTLE IS ON TO REDUCE CO2 EMIS- SIONS AND FOSSIL FUEL CONSUMPTION OVER A SHORT ENOUGH TIMESCALE TO ENSURE THAT OUR CHILDREN INHERIT A news WORLD IN ECOLOGICAL EQUILIBRIUM. Issue 3/2018 seq. no. 24 ithin our industry, the International Maritime Editor in Chief: Finnlines Organization has set the bar high: mandating an ambitious target of a 50% reduction in the Printed by: K-Print key greenhouse gas emission by 2050, com- Wpared with 2008 levels. Published by: Finnlines Plc Komentosilta 1 This is not the only toxic gas that we are collectively FI 00980 Helsinki seeking to reduce. Sulphur oxide emissions, too, must come www.finnlines.com down worldwide, and to this end regulators have decided press@finnlines.com the global fleet must from 2020 either use emissions abate- ment technology known as ‘scrubbers’ or run on cleaner fuel. Address changes: www.finnlines.com/finnlines-news At Finnlines we began preparing for these challenges several years ago. To comply with even tighter emissions Printed in November 2018. controls already in place in the Baltic and North Sea we Circulation: 15,500 copies kicked off a scrubber installation programme.
    [Show full text]
  • Tallink Grupp Is the Leading Short Cruise and Ferry
    TALLINK GRUPP IS THE LEADING SHORT CRUISE AND FERRY OPERATOR WWW.TALLINK.COM OVERNIGHT CRUISE & ONBOARD TAX-FREE CARGO GROUP OF STRONG BRANDS LEISURE & CITY BREAK 5 HOTELS PASSENGER TRANSPORTATION SHOPPING & CATERING TRANSPORTATION AS TALLINK GRUPP | Sadama 5/7 | Reg. Nr.:10238429 | Phone: +372 6 409 800 | Fax: +372 6 409 810 | E-mail: [email protected] | JULY 2018 | Investor Relations | E-mail: [email protected] | Phone: +372 640 9914 STRATEGIC PLAN WE OPERATE 7 ROUTES Tallink’s vision is to be the market pioneer in Europe by offering excellence in 5.5 m Other RUS Restaurant & shop Finland-Estonia leisure and business travel and sea transportation services 13% FINLAND LIT 2% 56% 36% 2% Turku Helsinki Long term objectives toward increasing the company value and profitability: LAT Mariehamn 4% SWEDEN Vuosaari Cargo - Strive for the highest level of customer satisfaction Kapellskär 12% - Increase volumes and strengthen the leading position on our home markets Swedish PASSENGERS Finnish Muuga 2017 Stockholm Tallinn - Develop a wide range of quality services directed to different customers and 12% 48% Paldiski 10.0 m ESTONIA REVENUE 2% Accom. REVENUE pursue new growth opportunities BALTIC SEA 1.3 m STRUCTURE 2% Leases BY ROUTES - Ensure cost efficient operations Estonian 3% Other Other - Manage the optimal debt level that will allow sustainable dividends 19% Riga Finland-Sweden 12% LATVIA 2.0 m Current focus is on core operations to realize past investments. Along with the 37% optimal fleet deployment the emphasis is on the profitability improvement and Ticket Swe-Est LITHUANIA 25% Swe-Lat 7% deleveraging.
    [Show full text]
  • 12120648 01.Pdf
    The Master Plan and Feasibility Study on the Establishment of an ASEAN RO-RO Shipping Network and Short Sea Shipping FINAL REPORT: Volume 1 Exchange rates used in the report US$ 1.00 = JPY 81.48 EURO 1.00 = JPY 106.9 = US$ 1.3120 BN$ 1.00 = JPY 64.05 = US$ 0.7861 IDR 1.00 = JPY 0.008889 = US$ 0.0001091 MR 1.00 = JPY 26.55 = US$ 0.3258 PhP 1.00 = JPY 1.910 = US$ 0.02344 THB 1.00 = JPY 2.630 = US$ 0.03228 (as of 20 April, 2012) The Master Plan and Feasibility Study on the Establishment of an ASEAN RO-RO Shipping Network and Short Sea Shipping FINAL REPORT: Volume 1 TABLE OF CONTENTS Volume 1 – Literature Review and Field Surveys Table of Contents .................................................................................................................................... iii List of Tables .......................................................................................................................................... vii List of Figures ......................................................................................................................................... xii Abbreviations ........................................................................................................................................ xvii 1 INTRODUCTION ............................................................................................................................. 1-1 1.1 Scope of the Study ................................................................................................................ 1-1 1.2 Overall
    [Show full text]
  • Finnlines News 3/2020
    news a Grimaldi Group company 3/2020 Transporting people into the future Goods crossing the Baltic Sea Maritime bridges to Sweden Efficient. Reliable. Sustainable. EDITORIAL WE HAVE DELIBERATELY CHOSEN THE PATH We survived the oil industrial products and the e-commerce Finnlines is holding a steady OF DIVERSIFICATION, which means that crisis of the 1970s, packages that Finnish citizens require. we carry all types of cargo on versatile ships: from paper to cars, trucks and the 2001 Twin Towers THESE EFFORTS WERE HOWEVER NOT course amid choppy waters trailers. And passengers. We have shock, and the 2008 REWARDED when state subsidies were avoided restricting ourselves to just one financial crisis. We will handed out to the shipping sector in sector, even when this has seemed the survive the pandemic too. recent months. Despite Finnlines being The world has entered a period of turbulence: geopolitical more financially attractive option. Ves- specialised in the most strategic niche of tensions; the pandemic; environmental challenges; market sel diversification increases reliability transportation (goods and passengers), because it works as a type of insurance; numbers have been hit particularly hard, other shipping companies specialised in upheavals. declines in one business sector can be dropping by more than 50% between cruising and duty free shopping, not usu- offset be more sturdy performances in January and September, and by around ally considered as strategic, took all the others. 70% on routes from Finland to Sweden. public subsidies. We would like to ask CONSEQUENCES VARY FROM REGION TO Finnlines has since 1947 played a vital what has been found strategical in those REGION, but we have already seen shocks in role supporting both national exporters and FINNLINES IS PART OF THE GRIMALDI BUT DESPITE DIFFICULTIES, WE HAVE NOT latter passenger leisure businesses, the energy markets; the automotive industry; importers.
    [Show full text]
  • Company Presentation February 2010 Tallink in Brief
    Company presentation February 2010 Tallink in brief Tallink is the leading European provider of leisure and business travel and sea transportation services in the Baltic Sea. Fleet of 19 vessels Operating four hotels in Tallinn Revenues EUR 792 million EUR 2 billion asset base 6,800 employees Over 8 million passengers annually 252 thousand cargo units annually Listed on OMX Tallinn – TAL1T Over 50 years of operating and cruising experience 2 Tallink business model Product offering 1-2 overnight cruises & passenger transportation Conferences Revenues structure (financial year 2008/09) Other 49,6% 7% 24,9% Cargo On-board Tax-Free Shopping City break 14% Restaurant & shops sales 54% Hotel & travel packages Cargo Transportation Ticket sales 43,3% 25% 12,4% 26,1% 3 The market Total market (passengers, millions) 18 16 9m 5m Aland-Sw e 14 12 Fin-Sw e 10 Sw e-Lat 8 1.5m 6 Sw e-Est 4 Fin-Est 2.6m 2 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Revenues structure 9 Tallink’s passenger volume development (financial year 2008/09) 8 Other 7 Lat-Swe 6% 6 6% 5 Fin-Ger 5% 4 Fin-Swe 3 44% Est-Swe 2 11% Tallink revenue structure 1 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 4 Est-Fin 27% Market shares Passenger operations FIN - EST / Helsinki - Tallinn Linda Line 5% 3% 6% 7% 5% 4% 7% 7% 8% 5% 7% 7% 14% Nordic Jetline 13% 10% 20% 20% 25% 19% 18% 13% SuperSeaCat 15% 15% 25% 12% 11% 14% 15% 12% 22% Eckerö Line 19% 19% 20% 15% 15% 22% 16% Viking Line Tallink 55% On Estonia-Sweden & +3%* 50% -12%* +8%* 44% 45% 37% 39% 38% 42% 42% Latvia-Sweden routes Tallink is the only provider of short cruises and daily 2001 2002 2003 2004 2005 2006 2007 2008 2009 Passenger transportation FIN - SWE / Helsinki -Stockholm FIN - SWE / Turku -Stockholm 47% 47% 47% 45% 46% 43% Viking Line Tallink Silja 53% 53% 53% 55% 54% 57% 5 2007 2008 2009 2007 2008 2009 Highlights and milestones Revenues (m€) 800 Routes Finland-Sweden 700 Riga-Stockholm 600 500 St.
    [Show full text]
  • Growing with Finland
    news a Grimaldi Group Company 1/2018 GROWING WITH FINLAND EXTRA CAPACITY TO MEET GROWING DEMAND AND INCREASED ENERGY EFFICIENCY >> Modern >> Reliable >> Efficient Contents Editorial 2 Four ships 30 metres longer 4 Our new fair concept was a great success 6 Explore the Archipelago 8 The new ‘Our Ports’ series: Naantali–Kapellskär 8 Schedules 11–15 ACCOMPANYING FINLAND’S GROWTH THE NEWLY PUBLISHED FINNLINES ANNUAL REPORT REVEALS A SET news OF STRONG FINANCIAL FIGURES Issue 1/2018 seq. no. 22 AND ANOTHER MILESTONE IN Editor in Chief: Finnlines OUR COMPANY’S RETURN TO Printed by: K-Print PROFITABILITY. Published by: Finnlines Plc Komentosilta 1 FI 00980 Helsinki www.finnlines.com press@finnlines.com Printed in March 2018. Circulation: 15,500 copies OUR VESSELS, 18 OF WHICH ARE FINNISH-FLAGGED, CARRY THE MAJORITY OF FINLAND’S UNITISED, WHEELED IMPORTS AND EXPORTS. A POSITIVE RESULT FOR FINNLINES is good news in particular for Finland. Our vessels, 18 of which are Finnish-flagged, carry the majority of Finland’s unitised, wheeled imports and exports. These units contain everything and anything, from vegetables to toys and car parts. If we see volumes grow, trade in Finland and the Baltic region is healthy. Finnlines also employs over 1,600 people. HAVING DONE WELL IN THE LAST FEW YEARS, now is time to invest. To meet demand and even exceed it, we have brought in new capacity and have increased existing capacity via a ship lengthening programme. We recently announced the purchase of the Star class cruise-ferry Europalink from our parent, the Grimaldi Group. She has a capacity of 4,215 lane metres and 554 passengers and will be fitted with exhaust gas scrubbers in mid- March, as is standard for the Finnlines fleet.
    [Show full text]