Finnish company Meriaura is pushing forward with its emissions-reducing transport concept, recently completing a job for Subsea7. Meriaura’s deck carrier M/V Meri transported offshore template structures as part of Skarv Satellites project for Aker BP using the company’s CO2 remissions-reducing Eco-Voy transport concept. 

For its voyage from Gdansk, Poland to Sandnessjoen, Norway, Meri used a 50 per cent fuel mixture of MGO and biofuel, which halved the CO2 emissions of the transport compared to the emissions when using only fossil fuels.

The EcoVoy concept is based on the use of Meriaura’s vessels that are compatible with biofuel. When 100 per cent of the company’s in-house produced waste-based biofuel is used, transport lifecycle emissions are reduced by 97.7 per cent compared to fossil fuels. By choosing to use EcoVoy, Subsea 7 was able to save 93.36 tons of CO2 emissions, compared to the alternative of using fossil fuels.

The EcoVoy concept is audited by KPMG in accordance with document number 1 standard, which verifies the balance between the emission savings sold to customers and the use of biofuel. The biofuel used by Meriaura is VG Marine EcoFuel, produced by Meriaura’s fully-owned subsidiary. The production is ISCC certified, and the fuel’s commodities are entirely derived from industrial side streams and recycled materials sourced in the Nordic region.

“We are extremely happy to serve our customer Subsea7 and help them fulfil their sustainability goals”, says Meriaura’s Chartering Manager Mathias Mattsson.

Meriaura narrows loss

The company said in its latest report that it managed to slash its net loss from €4.1 million in 2022, to a net loss of €0.3 million in 2023. The revenue over the period, however, jumped to €66.2 million. This compares to €8.6 million in 2022.

Commenting on the results, CEO Kirsi Suopelto, said, “Our revenue in 2023 was around €66 million, of which €19 million was generated in the last quarter. In Marine Logistics, the demand for transport picked up and the utilisation rates of ships improved in the last quarter after a quieter third quarter. The demand for project shipments was particularly strong towards the end of the year. A transport project in the Mediterranean Sea that had been delayed because of changes in the customer’s schedule was launched at the end of the year.”