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Tero Vauraste News

07 Dec 2018

Union of Greek Shipowners Joins Arctic Economic Council

The Union of Greek Shipowners (UGS) announced its acceptance as member to the Arctic Economic Council (AEC), the independent organization acting as the primary forum for interaction between the Arctic Council and the wider circumpolar and non-Arctic business communities.“Greek shipowners, who are hands-on operators and control 20% of the total world tonnage in deadweight and about 50% of the total European Union fleet, are primarily involved in cross trading activities carrying cargoes between third countries and their vessels are among the first to have navigated through the Arctic Sea route”, the President of the UGS,  Theodore Veniamis noted.Welcoming the UGS to the AEC, Mr.

17 Mar 2017

Finnish Firms Present Oil Recovery Project Results

Hanna Suutarla, Arctia’s Development Manager, presents the results of the IMOR Project. (Photo: Arctia)

A recent seminar held March 7 and 8 in Porvoo, Finland, saw Finnish companies Arctia and Lamor Corporation present the results of the IMOR (Ice Management & Oil Recovery) project, which seeks to enhance oil recovery in ice conditions. The oil recovery seminar, arranged by icebreaking services provider Arctia in collaboration with oil spill response specialist Lamor, was opened by the company’s respective CEOs, Tero Vauraste and Fred Larsen. In his speech, Vauraste stated that oil recovery is a key part of Arctia’s range of services.

10 Oct 2016

Uncharted Waters: Mega-cruise Ships Ply Arctic Waters

First luxury cruise sailed Northwest Passage in Aug-Sept; Voyage will be repeated next summer. A surge in Arctic tourism is bringing ever bigger cruise ships to the formerly isolated, ice-bound region, prompting calls for a clamp-down to prevent Titanic-style accidents and the pollution of fragile eco-systems. Arctic nations should consider limiting the size of vessels and ban the use of heavy fuel oil in the region, industry players said, after a first luxury cruise ship sailed safely through Canada's Northwest Passage this summer. The route, which connects the Atlantic and Pacific Oceans via the Arctic, was once clogged with icebergs but is now ice-free in summer due to global warming.

06 Nov 2014

Sanctions Bite Russian Arctic Oil Shippers

Photo: United Shipbuilding Corporation

Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the delivery of oil technology, goods and services, aiming to make it impossible for Moscow to access new oil sources. The world's largest energy exporter, Russia relies on oil and gas exports for about half its federal budget.

08 May 2014

Finland Has the Arctic Maritime Technology Edge: Arctia CEO

According to CEO Tero Vauraste of Arctia Shipping, who spoke at a recent Arctic research seminar at the University of Turku, Finland has great potential in the maritime technology of the arctic region. The University says that Vauraste sees three trump cards in the Finnish arctic strategy from the point of view of business and investment policy: maritime technology, mining and tourism. At the moment, there are about a hundred icebreakers in the world and 60 of them were built in Finland. Most of the current icebreakers are rather old and it has been estimated that in the next few years there will be a need for even 150 new icebreakers. Finland has great potential and technological know-how in the icebreaker business.

25 Oct 2012

Estonian Port Buys Icebreaker

Icebreaker MSV Botnica: Photo credit Port of Tallinn

Port of Tallinn signs the purchasing agreement for icebreaker 'MSV Botnica'. The 50 million euro agreement is with the Finnish shipping company Arctia for the outright purchase of the icebreaking vessel. MSV Botnica is a multipurpose icebreaker built in 1998 by Aker Finnyards in Rauma, Finland. Her ice class is ICE-10, length (LOA) is 97.3 and beam 24.3 metres. The maximum speed of MSV Botnica is 16.5 knots in open water; she can maintain a speed of 8 knots in ice up to 80cm thickness. The maximum ice thickness in which the ship is capable of maintaining constant speed is 1.2 meters.