Page 1 Created with Sketch. Page 1 Created with Sketch. Page 1 Created with Sketch. Page 1 Created with Sketch. Artboard 1 copy 14Artboard 1 copy 7Artboard 1 copy 66Artboard 1 copy 23Artboard 1 copy 16Artboard 1 copy 55Artboard 1 copy 43Artboard 1 copy 50Artboard 1 copy 54Artboard 1 copy 34Artboard 1 copy 51Artboard 1 copy 36Artboard 1 copy 35Artboard 1 copy 46Artboard 1 copyArtboard 1 copy 31Artboard 1 copy 48Artboard 1 copy 9Artboard 1 copy 27Artboard 1 copy 8Artboard 1 copy 20Artboard 1 copy 2Artboard 1 copy 24Artboard 1 copy 62Artboard 1 copy 30Artboard 1 copy 41Artboard 1 copy 28Artboard 1 copy 26Artboard 1 copy 67Artboard 1 copy 52Artboard 1 copy 33Artboard 1 copy 29Artboard 1 copy 19Artboard 1 copy 53Artboard 1 copy 22Artboard 1 copy 21Artboard 1 copy 12Artboard 1 copy 13Artboard 1 copy 47Artboard 1 copy 49Artboard 1 copy 57Artboard 1 copy 32Artboard 1 copy 4Artboard 1 copy 25Artboard 1 copy 10Artboard 1 copy 15Artboard 1Artboard 1 copy 56Artboard 1 copy 11Artboard 1 copy 38Artboard 1 copy 65Artboard 1 copy 39Artboard 1 copy 5Artboard 1 copy 58Artboard 1 copy 6Artboard 1 copy 17Artboard 1 copy 40Artboard 1 copy 60Artboard 1 copy 3Artboard 1 copy 45Artboard 1 copy 18Artboard 1 copy 42Artboard 1 copy 61Artboard 1 copy 63Artboard 1 copy 64Artboard 1 copy 59Artboard 1 copy 44Artboard 1 copy 37 Combined Shape Created with Sketch. icon/info Created with Sketch. icon/info Created with Sketch. Group 17 Created with Sketch. Fill 1 Created with Sketch. Page 1 Created with Sketch. 99021DFE-DB58-4EE2-9D52-C2BF154A8B0A Created with sketchtool. Oval 2 Created with Sketch. Combined Shape Created with Sketch. Combined Shape Copy Created with Sketch. Group 18 Created with Sketch. Group 16 Created with Sketch. Page 1 Created with Sketch. ; ;
« Back to search
2.3.2025 09:46
Current News, Press Releases

Fingrid and Elering to waive enforcement of seizure of Eagle S

Fingrid and Elering have decided to waive enforcement of the seizure of the Eagle S oil tanker due to the financial risk involved. The costs of taking over and maintaining the vessel would likely be higher than the value of the vessel. Instead, the transmission system operators will seek compensation through legal means.

The decision to waive enforcement of the seizure does not affect further legal actions. Fingrid and Elering will sue for damages caused by the Eagle S.

- We do not see the enforcement of the seizure as economically viable. However, under no circumstances do we want to give up claims. We will continue to seek compensation through legal means for the Estlink2 cable damage from those responsible, commented Fingrid's CEO Asta Sihvonen-Punkka.

At this stage, Fingrid and Elering will pay the repair costs to make the interconnector available as quickly as possible.

The maintenance costs of Eagle S alone are estimated to be up to $15,000 per day. Additional costs would also arise from setting up securities and placing the vessel. The transmission system operators also estimate that selling the vessel would be practically very difficult during the legal process, which can last up to five years.

For more information

Asta Sihvonen-Punkka, President & CEO, Fingrid Oyj, puh. 030 395 5235

Marina Louhija, General Counsel, Fingrid, puh.  030 395 5289