The Helsinki-quoted ro-pax operator reported a gain of EUR 14.7m for the three months to 30 June, against a gain of EUR 0.9m in the comparable period a year prior.

In a statement chief executive Emanuele Grimaldi said the result serves as a testament to improved vessel optimization, routes and trade flows in addition to the success of efforts to reduce interest-bearing debt and costs.

“Finnlines is fighting successfully against the cycle, but we have to analyse every line, every vessel, every function and every cost item whether there is room for further lowering of costs and therefore room for further improvement,” he continued.

“It is clear that the company cannot afford to have loss-making services, routes nor vessels and therefore will find solutions for restoring profitability in all operations throughout the group.”

Grimaldi said his company is “well prepared” for increasingly stringent emissions requirements that will be implemented next year and reminded investors about initiatives aimed at improving fuel efficiency across its fleet in the months and years ahead.