You are here

Annual Report 2017

Download PDF:

PDF iconFinnlines Annual Report 2017

   
   

STRATEGIC EXPANSION

Investments in the fleet continues

> Completed the EUR 100 million Environmental Technology Investment Programme to meet the more stringent environmental regulations set forth by the new Sulphur Directive in the SECA area. Thanks to this, Finnlines could reduce its environmental footprint and lower its sulphur emissions by over 90 per cent.

> Started a new EUR 70 million Energy Efficiency and Emission Reduction Investment Programme. Under this programme Finnlines’ fleet capacity will be considerably increased by lengthening four Breeze series vessels and increasing passenger capacity within its ro-pax network. This new programme is also a direct response to the increased demand on the market.

Investments in digitalisation

> Developed mobile services in our port operations.

> Implemented two major ERP systems: the port system and the system related to vessel efficiency monitoring and measurement.

INCREASING LANE METRES AND EFFICIENCY

The lengthening programme of Finnlines’ vessels is in full swing at Remontowa Shiprepair Yard in Gdansk, Poland, and the first lengthened Breeze series ro-ro vessels have been delivered.

As planned, a vessel was cut in two and a 30-metre section was inserted between the parts. The sections were welded together again, and around 1,000 additional lane metres were added to the vessel’s capacity.

Better Energy Efficiency

The close to 30 per cent capacity increase will considerably reduce the energy consumption per transported unit compared to the original vessel. In other words, it will improve energy efficiency further and thus contribute more to reducing emissions.

After the modification, the vessel is 217.7 metres long and has a capacity of 4,192 lane metres. In practice, around 1 km of trucks more per ship can be accommodated on board.

Under Finnlines’ EUR 70 million Energy Efficiency and Emission Reduction Investment Programme, which was launched in 2017, four of the Company’s Breeze series ro-ro vessels will be lengthened. Finnlines also has an option for extension of another two vessels. The whole lengthening programme will be completed by May 2018.

TOGETHER ACROSS THE BALTIC FOR THE 100-YEAR-OLD FINLAND

As part of the ‘Finland 100 years’ celebra-tion we challenged everyone to be more active and exercise together for a great cause. Finnlines’ project ’Together across the Baltic’ was part of the official Finland 100 programme in 2017. As a result, Finnlines donated EUR 50,000 to Aamu Pediatric Cancer Foundation, which specialises in oncological research for children.

CEO's review

We continue to grow - Finnlines has a long-term devotion to efficiency, performance and sustainability

CFO's review

Finnlines with strong financial performance - profit jumps up 21.5 per cent

Finnlines Financial Statements 2017 and Financial Review January-December 2017

Financial Statements 2017

Finnlines Plc Financial Statements 2017