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Southern Finland News

02 Sep 2022

Germany Charters Fifth FSRU

Credit: Excelerate Energy (

U.S.-based LNG firm Excelerate Energy said Thursday that it had signed a term sheet with ENGIE for the deployment of a floating storage and regasification unit (“FSRU”) that will provide flexible and secure LNG regasification capacity for Germany as it continues to seek alternatives to Russian pipeline gas supply.Under the proposed agreement, Excelerate would deploy an FSRU from its integrated fleet to provide regasification services for a period of five years at Germany’s fifth planned LNG import terminal…

20 May 2022

Ten Year Deal: Finland Charters Excelerate Energy's FSRU

Credit: Excelerate Energy

U.S.-based LNG company Excelerate Energy and a subsidiary of Gasgrid Finland, a Finnish state-owned natural gas transmission system operator, on Friday signed a ten-year deal in Helsinki for the charter of a floating storage and regasification vessel (FSRU) that they said would provide "flexible, reliable, and secure" supply of liquefied natural gas (LNG) to Finland, Estonia, and the Baltic Sea Region.Excelerate President and CEO Steven Kobos, Gasgrid Finland CEO Olli Sipilä,…

11 Jan 2021

Tech Files: Breathing New Life into Old Port Cranes

Image courtesy Konecranes

Retrofits of new features into existing ports cranes can produce operational efficiency and safety gains not included on cranes delivered 15-20 years ago, including Ship-to-Shore (STS) Rubber Tyred Gantry (RTG) and Rail Mounted Gantry (RMG) types. Here, Dmitry Lapin, Knowledge and Development Manager, Port Services, Konecranes, looks at retrofit options proven in applications internationally.Sooner or later, the owners of ports cargo handling equipment are going to face a number of technical and organizational questions about the future.

06 Oct 2015

Finland Scraps LNG Terminal Plan

Finnish gas utility Gasum has abandoned its plans to build the Finngulf liquefied natural gas  (LNG) import terminal in Finland with an offshore pipeline connection (known as Balticconnector) to Estonia, reports Reuters. “On the basis of the studies Gasum has conducted, the Finngulf and Balticconnector projects are not regarded as commercially viable and there is not sufficient demand for them in the Finnish market,” Gasum said in a statement. The company's surveys show that the Finnish gas market has changed significantly compared to 2008, when these projects were started. Natural gas is not as competitive as it used to be and consumption has significantly decreased, said Gasum. “The competitiveness of gas has deteriorated and gas consumption has decreased.

08 May 2014

Finland, Meyer Werft May Join to Buy Shipyard from STX

Photo: STX Finland

The Finnish government said it had teamed up with German shipbuilder Meyer Werft to consider buying a troubled local shipyard from South Korea's STX Offshore & Shipbuilding. The government in 2012 faced heavy criticism for not providing a loan to the Turku shipyard in southern Finland, which contributed to its loss of a 1 billion euro ($1.4 billion) order for cruise ships along with hundreds of potential jobs. The government said on Thursday it could join with an industrial partner, family-owned Meyer Werft, to take over the shipyard.

28 Nov 2013

New Propulsion Test Centre for Wärtsilä

New Finland Research Centre: Image credit Wärtsilä

Wärtsilä's new Propulsion Test Centre has been established and funded by Wärtsilä with strong support from VTT Technical Research Centre of Finland, who will provide the resources to operate the facility. The test centre is located in Tuusula, southern Finland, and will enhance the company's capabilities in product validation and research activities. The new facility enables Wärtsilä to speed the development of new, high quality and environmentally sound propulsion products together with research institutes, universities and suppliers.