Helsinki, Finland, 2015-10-05 11:01 CEST (GLOBE NEWSWIRE) --
Finnlines Plc Stock Exchange Release 5 October 2015 at 12:00
PORT OF HELSINKI HAS APPLIED FOR A TEMPORARY COURT ORDER AGAINST FINNLINES' SUBSIDIARY FINNSTEVE - FINNSTEVE CONSIDERS THE REQUESTS PROFOUNDLY GROUNDLESS
The Port of Helsinki Ltd (“Port of Helsinki”) has filed an application for a temporary court order against Finnlines Plc's subsidiary Finnsteve Oy Ab (“Finnsteve”) in the Helsinki District Court. With the application for an interim court order the Port of Helsinki is requesting a right to force Finnsteve to empty certain areas in the Vuosaari harbour which are essential to Finnsteve's business and operations and to oblige Finnsteve to provide crane services on request by the two cranes owned by Finnsteve to any third party designated by the Port of Helsinki. The Port of Helsinki has not given any information showing that there would be any third parties in need of additional areas or crane services in Vuosaari harbour.
The temporary court order, if granted, would be in force until a final and legally binding judgement has been received in separate legal proceedings regarding the merits of the allegations made by the Port of Helsinki.
Finnsteve considers the requests of the Port of Helsinki profoundly groundless and against the terms and conditions of the agreement in force since 2007 for 20 years between the Port of Helsinki and Finnsteve.
Finnsteve will submit the response within the time given by the District Court.
Further information: Tapani Voionmaa, Group General Counsel, tel. +358 50 565 5207
Finnlines Plc
Tom Pippingsköld Tapani Voionmaa
CFO Group General Counsel
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About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is listed on the NASDAQ OMX Helsinki Ltd and is a part of the Grimaldi Group, one of the world’s largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, West Africa as well as the Atlantic coast of both North and South America.