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Finnlines CEO is ready to buy – but acquisition candidates resist

RoRo operator Finnlines, which is owned by the Grimaldi group, plans to grow through acquisitions. But these ambitions are met with resistance, as many smaller shipping companies are too protectionist and afraid of letting themselves be bought, CEO Emanuele Grimaldi tells ShippingWatch.

Finnlines buys ships ahead of sulfur cap

Despite a slowdown in growth, Finnish RoRo shipping company Finnlines grew its revenue as well as bottom line in the first half of the year. The shipping company buys new ships for EUR 500 million ahead of the new sulfur cap.

Finnlines feels impact of slower Finnish trade

Finland's import and export of seaborne volumes decreased in the year's first quarter. Still, RoRo ship operator Finnlines is pleased with its results for the period, according to the earnings report.

Italy's Grimaldi orders new RoRo vessels

The Grimaldi group, which owns Finnlines, has ordered six new eco-design RoRo ferries from a Chinese shipyard. Several of the ships will be operated by Finnlines.

Emanuele Grimaldi: More growth at Finnlines after record profit

Finnlines, like major Danish peer DFDS, is also looking at the possibilities of making acquisitions and adding new routes and markets to its portfolio. But there is nothing specific on the table for now, CEO and President Emanuele Grimaldi tells ShippingWatch after new record profit.

Finnlines invests again after new record result

The RoRo carrier beat its own record in the first quarter, and the CEO expects continuing strong performance due to, in particular, positive developments in the Finnish market. The company is launching a new large-scale investment program.

Finnlines delivers record result for 2016

Finnlines delivered the carrier's best result ever in 2016. The profit grew by close to 20 percent compared to the year before, in spite of a decline in revenue and a weak fourth quarter.

Grimaldi cleared to take over all Finnlines shares

The Grimaldi Group has obtained approval from Finnish authorities to take over the remaining small percentage of shares in Finnlines and will now buy out the minority shareholders, the group informs in a statement.

Scrubbers boosted Finnlines in first quarter

Finnlines wrapped the first quarter with a result significantly above the level from the same quarter last year, a development attributable to the fact that scrubbers have now been installed on 17 of the carrier's 22 vessels, notes Finnlines.

Finnlines improved its result again in 2015

Ferry operator Finnlines finished 2015 with a lower revenue and an improved result, and the company anticipates an even better result for 2016 after the completion of a large-scale investment program in retrofits such as scrubbers.

Grimaldi takes full control of Finnlines

Grimaldi Group buys the last shares out of Finnlines, at a point where the Italian shipping group is undergoing a major fleet renewal in the Atlantic Sea for both container and roro.

Grimaldi tager fuld kontrol med Finnlines

Grimaldi Group køber de sidste aktionærer ud af Finnlines på et tidspunkt, hvor den italienske shippinggruppe bl.a. er i gang med en vigtig flådefornyelse på Atlanterhavet inden for både container og roro.

Svovlindhold mere end halveret i Østersøen

En sladrehank af en "sniffer" på Storebæltsbroen dokumenterer, at langt de fleste skibe, der sejler i Nord- og Østersøen overholder de skærpede krav om svovludledning. Indholdet af svovl i luften over Storebælt er mere end halveret.

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