FINNLINES Awarded EU funding for environmental upgrading

As part of the Connecting Europe Facility (CEF), the EU has awarded funding of EUR 17.9 million jointly for Finnlines and its affiliates for investments in liner services.

Finnlines’ 3 major liner services are part of the European Motorways of the Sea program and form an essential part of the necessary time scheduled liner service infrastructure, benefiting the Finnish foreign trade and connecting Finland to the rest of Europe.

Together with partners consisting of ports and port operators from Finland, Germany, Belgium and Spain, the investments of about EUR 60 million will be done to overcome the challenges brought by the new sulphur directive and thus avoiding unwanted modal backshift of cargo from sea to land on these 3 lines.

The core of these actions is Finnlines' environmental investment program for emissions abatement technology (exhaust gas scrubbers) and energy efficiency improvements by changing propeller blades and improving rudder hydrodynamics.

By SHIPPINGnet.EU

29 July 2015
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