Finnlines cuts CO2 emissions by 30 per cent

Finnlines cuts CO2 emissions by 30 per cent
Finnlines announces its operational and financial results in its latest report. Image courtesy of Finnlines

Shipping operator Finnlines has announced that between 2008 and 2018 it reduced its CO2 emissions by approximately 30 per cent and confirms that it is looking beyond IMO requirements to drive down its carbon footprint further.

In a statement released by the company, it pledges “not to lose our focus on sustainability: we will continue to improve and are on the right path.” Further investments taken by Finnlines to cut carbon emissions include the recent order of three new ro-ros, which will be built to produce zero emission in ports and aimed at pushing beyond the green scores of ro-ro in the Baltic region. Finnlines is also about to order two Superstar class ro-pax vessels, in order to strengthen its passenger business growth. Finnlines confirms these vessels will be the best and most environmentally friendly units in their category, carrying 5,800 lane metres of cargo and close to 1,000 passengers.

The ship operator has also invested in emission abatement technology covering almost all of its vessels and has lengthened six of its vessels in order to benefit from economies of scale. The company states that, “These investments have contributed to our sustainable development and e.g. the fuel consumption per transported tonne has decreased when considerably more cargo can be loaded on board a ship.”

Other efforts to reduce energy consumption and emissions onboard Finnlines’ vessels include changing of propeller blades, timetable planning, route optimisations as well as optimising speed, load and trim.

Finnlines also confirms in its latest statement that its revenue for January–June 2019 was EUR 295.5 million, which was an increase of 2 per cent compared to the corresponding period last year. The result for the reporting period was EUR 46.7 million – a 10 per cent increase compared to EUR 42.3 million in January–June 2018.

The company confirms that its financial performance has improved regardless of the fact that the growth of the Finnish economy has slowed down to some extent during the first half of the year.

Read Finnlines Q2 2019 report here https://www.finnlines.com/file/4761/download?token=b4WlcVeF