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First gas-powered passenger ferry handed over in Finland
by Staff Writers
Helsinki (AFP) Jan 10, 2013


Finnish cruise company Viking Line took possession Thursday of the world's first large passenger ferry powered by liquefied natural gas, calling it an "environmental pioneer in the cruise industry."

The M/S Viking Grace is 218 meters (715 feet) long and over 30 meters (98 feet) wide, can carry up to 2,800 passengers, and features 880 cabins.

"By using natural gas the hazardous emissions will decrease to a minimum. Nitrogen emissions and particulates are reduced by 85 percent and greenhouse gases by 15 percent. Sulphur emissions are practically zero," Viking Line said.

The vessel has a hydro-dynamically optimized hull shape that minimizes swell waves, and according to Viking Line also has "propulsion machinery that saves energy".

The ship, which can sail at a speed of up to 22 knots will go into service on January 15 between the Finnish ports of Turku and Mariehamn and the Swedish capital Stockholm.

It was built by STX Turku in Finland at a cost of approximately 240 million euros ($315 million).

The STX Turku shipyard recently lost a one-billion-euro order to STX France from Miami-based Royal Caribbean International for a sister ship to its two top-of-the-line cruise liners.

Since losing the order, STX Turku has asked the European Commission to probe French state subsidies given to STX France to help it clinch the order, to ensure they were in line with EU regulations.

STX Turku, which employs 2,200 people, has also said it may have to cut hundreds of jobs and is currently in negotiations with unions.

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Oil prices rise on China exports, lower dollar
New York (AFP) Jan 10, 2013
Crude oil prices rallied Thursday, briefly reaching three-month highs, on strong Chinese export data and the lower US dollar. Oil prices for US benchmark West Texas Intermediate futures for February delivery reached as high as $94.70, a level last seen in September, before settling 72 cents higher at $93.82 a barrel. European benchmark Brent oil futures settled 13 cents higher at $111.89 ... read more


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