Independent journal on economy and transport policy
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Finnlines has closed the first trimester of this year with a profit clearly of 632 thousand euros
In the period 12 ships of the company have been subordinates to the installation of scrubbers
May 13, 2015
The company of Finnlines navigation of the Neapolitan shipowning group Grimaldi has closed the first trimester of this year with a profit clearly of 632 thousand euros regarding 328 thousand euros in the first three months of 2014. The revenues are diminished of the -7,9% attesting itself to 116,8 million euros. EBITDA and EBIT have been pairs respective to 17,7 million euros (- 12.4%) and 3,9 million euros (- 28.4%).
In the first three months of the 2015 fleet of Finnlines, engaged in services for passengers and goods in the Baltic Sea and the Sea of the North, it has transported 103 thousand passengers (109 thousand in the first trimester of 2014), 150 thousand cargo unit (158 thousand), 33 thousand car not to the continuation of the passengers (16 thousand) and 480 thousand tons of goods not unitizzabile (584 thousand).
Specifying that the results achieved in the first three months of this year are online with the forecasts of the company, the president and managing director of Finnlines, Emanuele Grimaldi, has remembered that in the period already 12 ships of the company have been subordinates to the installation of scrubbers for the cleansing of the emissions and that new systems of propulsion are installed on six ships of the fleet, participations of the value of 65 million euros that take part of the investment program of the total value of 100 million euros in period 2014-2016 for the installation of environmental technologies on the ships. "The completion of the installation of scrubber still in course - it has specified Grimaldi - will increase the heavy fuel quota that will be used in the course of next the nine months. This means that the group will achieve savings in the costs for the fuel thanks to the less expensive bunker fuel IFO regarding the dearest diesel oil MGO that our ships have had to consume in the course of the first prescribed trimester as from the new directive of the International Maritime Organization on the sulfur tenor".
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The company of Finnlines navigation of the Neapolitan shipowning group Grimaldi has closed the first trimester of this year with a profit clearly of 632 thousand euros regarding 328 thousand euros in the first three months of 2014. The revenues are diminished of the -7,9% attesting itself to 116,8 million euros. EBITDA and EBIT have been pairs respective to 17,7 million euros (- 12.4%) and 3,9 million euros (- 28.4%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
