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Thu, 13 Mar, 2014 04:08:01 AM Govt moves to improve environmental protection FTimes Report, March 13  File Photo Lehtikuva The Finnish Ministry of Transport and Communications has allocated a total of 12.6 million euros in government aid to eight shipping companies for improving environmental protection.
The investments meant for forty five vessels will be used for improving the level of environmental protection, according to a press release of the ministry issued on Wednesday.
The subsidies are intended to cover the investment costs arising from retrofitting vessels with new devices and modified fuel systems.
A budget authority of 30 million euros was allocated in the 2013 budget to subsidise the cost of investments in new devices that will be installed in the currently used vessels to improve the level of environmental protection.
Subsidies have been granted to ESL Shipping, Tallink Silja Oy, Eckerö Shipping, Finnlines Oyj, Bore Oy Ab, Godby Shipping Ab, Oy Langh Ship Ab and Containerships Limited. Investments must be made this year.
In the second round of applications the shipping companies applied for a total of 37 million euros in subsidies.
The volume of sulphur dioxide emissions in Finland's territorial waters has fluctuated from one year to another ranging from approximately 30,600 metric tons to approximately 48,600 metric tons.
The sulphur emissions of vessels entered into the Finnish Register of Ships will decline to one tenth at the change of the year, said the release.
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