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.

Photo: Finnlines/PR

With a result of EUR 8.3 million, RoRo carrier Finnlines finished the first three months of the year in significantly better form than in the same period 2015, which brought a more modest profit of USD 0.6 million, according to the carrier's interim report, published Wednesday.

However, there is a natural reason at play behind the major improvement. The first quarter 2015 was characterized by the fact that part of the carrier's fleet was docked to be retrofitted with scrubbers, which resulted in costs related to the retrofits as well as expenses for ships to replace the docked vessels. On the other hand, 17 of the carrier's vessels now have scrubbers installed, which means that they enjoyed lower bunker costs as they can now sail on heavy fuel instead of marine diesel.

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