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B&N Delivers MS Finnpine

Maritime Activity Reports, Inc.

February 6, 2002

As in the case of the Finnfighter, which has already been delivered, the Finnpine is one of a series of vessels specially designed for the transportation of forest industry products. The series will form the base for a new system service between Europe and North America and will also have capacity for containers and rolling cargoes. The efficient cargo-handling system and design ensure rapid, high-quality loading and unloading. The vessel's speed capability and seagoing characteristics will reduce delivery times. This type of vessel has the highest ice classification, which means that ports in the Gulf of Bothnia can be served during the winter season. "The delivery of the MS Finnpine is another milestone for B&N," says the President, Folke Patriksson. "This vessel will sail directly from the shipyard in Poland to Finland, where it will take on a full load of forest industry products destined for the United States. Our North Atlantic services are based on long-term cooperation agreements with customers in the forest products industry, and this provides the underpinning for our investment." The Finnpine, like the Finnfighter, will sail under the Swedish flag, as a result of the improvements in Swedish shipping policy.

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