Transfennica News

On June 26, Spliethoff’s MV Floragracht left the BLRT shipyard in Klaipeda, Lithuania, where she was outfitted with an exhaust gas cleaning system (scrubber).The Dutch ship owner said Floragracht is the 24th vessel owned by the Spliethoff Group to be outfitted with a scrubber in preparation for the global 0.5 percent sulphur cap which comes into force in 2020.In 2012, Spliethoff Group subsidiary Transfennica started by outfitting their six Con-Ro vessels with scrubbers. In 2014 and 2015…

Trident Alliance, the shipping industry initiative for robust enforcement of maritime sulphur regulations, broadens its platform as some of Germany’s and Denmark’s most prominent shipping companies join its ranks together with new members from Chile, Greece, The Netherlands, Sweden, Norway and Belgium. Roger Strevens, Chairman, is  delighted at the level of industry engagement: “We are just a few weeks away from what will be a sea-change in the regulatory landscape for shipping, namely the introduction of the 0.1 % sulphur limits in ECA zones on 1 January 2015. This brings membership to a total of 31 companies. The member company CEO’s have each signed a Statement of Commitment…

Alfa Laval signed a contract with Spliethoff, a leading player in the transport market. It covers the retrofit of a multiple inlet PureSOx exhaust gas cleaning system on board one of Spliethoff’s vessels which operates mainly in the North European ECA area. It is the first order received by Alfa Laval for such a multiple inlet system. Since the vessel’s engines have a combined rated output of 28 MW, this will be the largest marine scrubbing system ever sold. It can therefore be…

Finnlines Plc has bought Transfennica Ltd. from its present shareholders UPM-Kymmene Corporation (49.9 % holding), Metsä-Serla Corporation (32.7 %), Myllykoski Paper Oy (9 %) and Oy Metsä-Botnia Ab (8.4 %). At the same time Finnlines together with its subsidiaries made long-term co-operation agreements on the transportation of Transfennica’s owners products from Finland to the rest of Europe. The value of the transportation agreements together with the free of debt value of the shares of Transfennica has been agreed to be some $68 million. Transfennica is a shipping company specialized in forest industry products. The company operates a fleet of over 20 modern RoRo vessels. Last year’s (1999) turnover was $187 million.

On 28 June, 2000, an agreement was signed between the shareholders of Transfennica Ltd. and Finnlines Plc to sell Transfennica's shares to Finnlines. The sale required the approval of the relevant competition authorities. However, the conditions presented by the competition authorities, were such that Finnlines could not accept them. The partners have therefore decided to cancel the sale of the shares. Transfennica's shareholders are UPM-Kymmene Corporation ( 49.9% holding), Metsä-Serla Corporation (32.7%), Myllykoski Paper Oy (9%) and Oy Metsä-Botnia Ab (8.4%).

Finland’s TTS Liftec Oy, Tampere, part of the Port and Material Handling Division of Norway’s TTS Marine ASA, Bergen, has won a contract to supply two ports in northern Europe with Translifters for new Transfennica services from Finland. Transfennica, one of Finland’s largest shipowners, uses cassettes as part of the loading/unloading operation for cargoes throughout Europe. As from January 1, Transfennica is starting new services between various ports in Finland, the largest being Hanko, Hamina and Rauma, to Rostock (Germany) and Gdynia (Poland). In both ports, the cargo handling companies – Poland’s Idal Group in Gdynia and Germany’s MSB in Rostock, have ordered two Translifters each from TTS Liftec.

Finnlines said it had bought forest industry group Stora Enso's 16.6 percent stake in shipping company Transfennica for an undisclosed sum. Finnlines said it and its subsidiaries at the same time had made a long-term cooperation agreement with Stora Enso on the transportation of its paper products from Finland to the rest of Europe. Transfennica is a shipping company owned by the Finnish paper industry and operates some 20 RoRo vessels, it said.

Finnlines said it had bought forest industry group Stora Enso's 16.6 percent stake in shipping company Transfennica for an undisclosed sum. Finnlines said it and its subsidiaries at the same time had made a long-term cooperation agreement with Stora Enso on the transportation of its paper products from Finland to the rest of Europe. Transfennica is a shipping company owned by the Finnish paper industry and operates some 20 RoRo vessels, it said.

Shares in Finnlines surged last week, with analysts crediting the rise to growing European economic activity and Finnlines' recent deal to buy a stake in shipping group Transfennica. "One reason for the rise could be that it (the share) has fallen quite significantly and has stayed almost unchanged after other cyclicals started to recover," said analyst Ritva Ojala at Conventum. The initial push for the share could have come from Finnlines acquisition of 17% of shipping company Transfennica and agreement with papermaker Stora-Enso to transport its products.