Finnish shipping line Wasaline has expressed optimism about its financial results despite emission trading system (ETS) fees becoming a new expense for the company.Wasaline transports passengers and freight daily between Vaasa in
Finnish shipping line Wasaline has expressed optimism about its financial results despite emission trading system (ETS) fees becoming a new expense for the company.
Wasaline transports passengers and freight daily between Vaasa in Finland and Umeå in Sweden.
It is the only passenger shipping company in Finland that does not have an exemption from ETS fees. The so-called Island Exemption, which grants relief from paying ETS, applies between Finland and Åland.
Wasaline managed to reduce total CO₂ emissions by 5% in 2024. The use of green shore power increased by 22% during the year. At the beginning of 2024, the concept of emission-free conferences was introduced onboard Aurora Botnia.
LNG remained the primary fuel, and as a hybrid vessel, Aurora Botnia extensively utilized its batteries. Both passengers and cargo customers have been able to offset their journeys to make them climate neutral.
Cargo meters increased by 3.2% in 2024, and cargo units by 1.4%. The number of passengers decreased by 9.4%. Passenger vehicles declined by 9%, and buses decreased by 1.3%. Revenue fell by 3.7%.
"As we enter 2025, the world continues to be marked by economic uncertainty and an accelerated green transition. Technological advancements, particularly in sustainable innovation, are
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