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Home›Business Developments & Projects›Finland-Estonia green shipping corridor gains momentum
Business Developments & Projects

October 7, 2024 · about 1 year ago

Finland-Estonia green shipping corridor gains momentum

The FIN-EST Green Corridor, a collaborative initiative between Finland and Estonia aimed at creating a sustainable and climate-neutral maritime corridor in the Gulf of Finland, has approved 19 joint projects that seek to reduce the carbon footprint of ferry journeys between the two countries. The in

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Finland-Estonia green shipping corridor gains momentum

The FIN-EST Green Corridor, a collaborative initiative between Finland and Estonia aimed at creating a sustainable and climate-neutral maritime corridor in the Gulf of Finland, has approved 19 joint projects that seek to reduce the carbon footprint of ferry journeys between the two countries.

The initiative was launched in October 2023 as a result of a memorandum of understanding (MoU) signed by representatives from Helsinki, Tallinn, and various key stakeholders. The MoU set the foundation for creating a maritime green corridor connecting Helsinki-Tallinn and Vuosaari-Muuga.

On October 2, 2024, the FIN-EST Green Corridor Steering Committee approved a comprehensive list of 19 joint projects covering a wide range of initiatives that will support climate neutrality, marking the next step in advancing the green corridor project to the next phase.

As disclosed, the approved projects will focus on the following topics:

Valdo Kalm , CEO of Port of Tallinn and Chairman of the FIN-EST Green Corridor Steering Group, said: “These 19 joint projects are a clear demonstration of our commitment to creating a more sustainable and climate-neutral maritime corridor. By collaborating across borders, ports, and maritime sector, we are not only reducing the environmental footprint but also strengthening the connectivity and competitiveness of our region.

“ We do, however, need to be aware of the complexity of the issues at hand, and the resulting timeframe. Regardless, the FIN-EST Green Corridor can hopefully serve as a blueprint and inspiration for future green shipping initiatives around the world.”

Ville Haapasaari , CEO of Port of Helsinki, described the FIN-EST Green Corridor project as a groundbreaking initiative in advancing towards a sustainable future: “The project stands out among many green corridor initiatives due to its unparalleled progress, scope, and ambition. It is a prime example of successful cooperation between multiple stakeholders, including two major ports, both cities, and several leading shipping companies.

“ The maritime industry is increasingly recognizing the critical need to reduce emissions, and it’s clear that carbon neutrality at the port level alone is not enough. We must influence the entire transportation chain to make a meaningful impact.”

The initiative’s core partners include the cities and ports of Helsinki and Tallinn, Rederi AB Eckerö, Tallink Grupp, Viking Line, and the Ministry of Climate, Estonia, with support from the Ministry of Transport and Communications, Finland.

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