Finnlines
FINNLINES INVESTS IN ENVIRONMENTAL TECHNOLOGY
Finnlines 07.05.2014 16:30 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Helsinki, Finland, 2014-05-07 16:30 CEST (GLOBE NEWSWIRE) -- Finnlines Plc Stock Exchange Release 7 May 2014 at 17:30 FINNLINES INVESTS IN ENVIRONMENTAL TECHNOLOGY Finnlines Plc has today undersigned extensive contracts with two major suppliers for installation of exhaust gas scrubbers for the most of the Group's ships. The first installations will be completed by the end of 2014 and the rest in early 2015. Being equipped with sulphur scrubbers, Finnlines ships will comply with the IMO and EU SOx emission regulations in a cost-efficient manner. The new stringent regulations will enter into force in the Sulphur Emission Control Areas on 1 January 2015. Scrubbers will reduce exhaust gas emissions, such as sulphur oxide emissions and particulates efficiently and also some nitrogen oxide emissions. Finnlines has also signed a contract for reblading of propellers on the Star-class roro-passenger ships. Modification will be done during 2014. The investment will greatly reduce the required engine output, it will reduce fuel consumption and improve speed with the same machinery power. These investments are part of the 2014 capex programme, which will amount to EUR 50 million. Finnlines Plc Tom Pippingsköld Tapani Voionmaa CFO Group General Counsel DISTRIBUTION Nasdaq OMX Helsinki Ltd Main media About Finnlines Finnlines is one of the largest North-European liner shipping companies, providing sea transport services mainly in the Baltic and the North Sea. Finnlines' passenger-freight vessels offer services from Finland to Germany and Sweden, from Sweden via the Åland Islands to Finland and from Germany to Russia. The company has subsidiaries in Germany, Belgium, Great Britain, Sweden, Denmark and Poland which all are also sales offices. In addition to sea transportation, the Company provides port services in Helsinki and Turku. www.finnlines.com News Source: NASDAQ OMX 07.05.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Finnlines Finland Phone: Fax: E-mail: Internet: ISIN: FI0009003644 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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