Scandlines Raises Profitability, Competitiveness in 2014
Scandlines reports good financial results in 2014 as the company strengthened its competitive position through significant investments in new ferries as well as the completion of a number of important strategic objectives concerning customer service and environmental initiatives. Scandlines expects continued revenue and income growth in 2015. Scandlines recorded moderate revenue growth of 1 percent to EUR 509 million in 2014 (2013: EUR 505 million) based in particular on progress in the Germany-Denmark corridor and positive developments in catering and retail. Ferry services experienced positive growth with a significant 5.5 percent increase in freight unit volume to 0.7 million…
EU Contributes to Sustainable Transport Initiative
The European Union will cofinance with a little over €6.4 million from the TEN-T Program a pilot project investigating a new propulsion system for vessels. The initiative also contributes to the realization of the “Motorways of the Sea” (TEN-T Priority Project 21) concept. The initiative, selected for funding under the 2012 TEN-T Multi-Annual Program, is a pilot action that aims to optimize bunker consumption and reduce exhaust gas emissions through the use of an innovative system of ESS (Energy Storage System) batteries for hybrid propulsion and the installation of wet-scrubber technology on two similar ro-ro/pax (roll-on, roll-off passenger) ships.
