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November 10, 2021updated 17 Nov 2021 6:05am

Three Baltic Sea ports invest in onshore power connections

Around 12 million passengers travel by ferry between the three Baltic Sea ports annually.

Three Baltic Sea ports, located in Stockholm, Sweden; Helsinki, Finland; and Tallinn, Estonia, are making an investment to establish onshore power electricity connections in a move that is expected to reduce emissions.

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In an agreement that set solutions and standards, the trio invested concurrently in onshore power connections at each of the ports.

This initiative is anticipated to reduce the emission of air pollutants from ferries while at the quayside, producing an estimated reduction of more than 18,000t of CO₂ annually.

In the near future, all ferries sailing between the three Baltic Sea ports will be able to receive onshore power.

The partners will work together to make it possible for vessels sailing on the Helsinki-Tallinn route to connect to onshore power.

Ships operating on routes between Stockholm and Helsinki or Stockholm and Tallinn already have access to onshore power near the dock areas.

Stockholm Mayor Anna König Jerlmyr said: “The ferry services between our neighbouring countries function as a bridge across the Baltic Sea. The passenger and goods supply routes are important, and every year 380,000 haulage vehicles or trailers are transported by ferry between the ports in Stockholm, Helsinki and Tallinn.

“The onshore power connections at the Värtahamnen Port are part of an important coordinated environmental initiative with other Baltic Sea ports to achieve our environmental goals.”

Before the Covid-19 pandemic, around 200 cargo-loaded ferries were operating each week between the three capital cities.

Annually, around 4,500,000t of freight, or 380,000 haulage vehicles/trailers, and 12 million passengers move between the three ports by ferry.

Port of Tallinn CEO Valdo Kalm said: “Considering the improved air quality and reduced noise pollution, onshore power supply is a great project not only for all citizens and visitors of Tallinn but also for the ship operators, who can positively contribute to the development of the city environment through this project.”

In July, Cavotec secured orders to install its automated mooring system, MoorMaster NxG, at either end of a passenger and vehicle ferry service between the Port of Kapellskär in Sweden and Port of Naantali in Finland.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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