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February 20, 2004

Finnlines goes to Fincantieri for world's largest RoPax ships

Finnlines has ordered three new RoPax cargo/passenger vessels from Italy's Fincantieri shipyard. The first of these vessels will be delivered in November 2005, the second in May 2006 and the third in June 2006. The agreement also includes options for two additional vessels.

The vessels will be the biggest Ropax vessels ever built and the fastest in their size-class. The new 9,300 DWT ships are expected to increase efficiency on Finnlines' service between Scandinavia and Germany.

The cargo capacity of each vessel is 4,200 lane meters and their passenger capacity 500 passengers.

The total cost of this investment will be 300 million euros. The sale of the vessels will be financed mainly through the sale of the company's older vessels. After delivery there will be free capacity available to strengthen the company's existing routes and/or for new routes.

Finnish newspaper Helsings Sanomat reports that the Finnish Metalworkers' Union has denounced the order as "greedy and unpatriotic." Aker Finnyards had also bid for the contract.

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