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CORRECTION

By | 2018 Newsletter week 38 | No Comments

Last week we had an error with the link. Here is a new link to the right webpage.

Interferry Conference Set To Drive Debate On Industry’s Major Issues

Keynote speakers from the military, merchant fleet and port sectors will feature when Interferry addresses three of shipping’s most important issues:

  • Safety
  • Security
  • Environment

The 2018 Interferry conference in Cancun is hosted by Ultramar, Mexico’s leading passenger ferry company, and takes place on Monday and Tuesday October 8-9 as the core of a knowledge-sharing, networking and social event running from October 6-10.

Color Line Gets NOK 33.8 Million To Operate A Freight Ferry

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Color Line AS, Hav Lines AS and Viasea AS have been granted subsidies from the Norwegian Government (Kystverket), to move more freight from the road to the sea.

For Color Line, the only ferry operator in this project, ‘Road to Sea’ is about establishing a freight-only ro-ro line between Oslo and Kiel.

The start of the new route is set to January 9, 2019. In total, 1.4 million tonnes of goods could be transferred during the subsidized period.

In July Color Line already announced the purchase of ro-ro FINNCARRIER for this new route.

Illustration: Midnordic Green Transport Corridor – NECL II

Tirrenia Negotiating A Sale And Charter Back For Three Ferries, According To Sardinia Region’s Former President Mauro Pili

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Tirrenia is reported to be in negotiation with a Japanese counterpart, for a sale and charter back deal regarding its three most modern ferries SHARDEN, BITHIA and JANA.

Source: Mauro Pili, Sardinia region’s former president, in a post on Facebook.

Mauro Pili also said that the price for the three vessels should be €210m. However, he opposed the sale, since they are part of the public service contract for Sardinia, signed by Tirrenia with the Italian state.

Tirrenia immediately sued Mauro Pili, seeking compensatory damages totalling €210m for slander.

In order to defend the company’s reputation, as for the sale of the three ferries, Vincenzo Onorato’s group repeated what was communicated to investor relations one year ago. After Debtwire reported that Moby was considering options to sale and leaseback four vessels with a US institutional investment fund, the Italian ferry group said a in a statement: “It’s part of the ordinary course of Moby’s business to analyze, consider and implement the sale or acquisition of vessels. In this context, we are periodically in discussion with third parties with respect to such transactions. We publicly announce and comment on material transactions for the sale and acquisitions of vessels when we enter into definitive and binding agreements”.

Photo and words by Nicola Capuzzo

GNV ‘Obliged’ To Install Scrubbers On The New Ro-Pax Ships Ordered In China

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Grandi Navi Veloci will be obliged to install scrubbers, rather than using LNG as a fuel on the new ferries ordered earlier this year at Guangzhou Shipyard International shipyard. Reason: the port of Genoa will not be able to provide gas for ships in the next few years.

This is what Antonio Campagnuolo, Marine operations director of the ferry company controlled by MSC Group, said at a conference held in Genoa, and organized by the local Propeller Club. “Genoa is proceeding too slowly on that project,” he said while talking about the plan to open a LNG station for bunkering ships.

“For our new ferries set to be built in China, our idea was originally to opt for gas but, at least for the first units (further two ships are in option), this will not be possible, mainly because on the routes we cover there is still a lack of LNG facilities.”

Campagnuolo concluded saying that “scrubbers will then be installed on the first new ferries in order to be compliant with the new rules on low sulphur emission coming into force from 2020”.

The four ro-pax vessels (plus further four units in options) jointly ordered in China by GNV and Onorato Armatori will have capacity for 2,500 passengers and crew and offer 3,765 lane metres. The first and third ships will be delivered to Grandi Navi Veloci, while Onorato will take delivery of the other two. The first vessel will come into service late in 2020.

Written by Nicola Capuzzo

Tersan Shipyard Confirms The Order For Two Ships For Kystlink

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Yalova, Turkey-based shipyard Tersan confirmed in a press release that is has signed an agreement with Havila Kystlink AS for the building of two coastal passenger ferries.

  • To be ready in 2020 to operate on Bergen-Kirkeness, together with two ships to be built in Spain. Start of new coastal contract: January 2021, shared with Hurtigruten.
  • Designed by Havyard Design and Solutions AS.
  • Length 122m
  • Powered by LNG and battery.

FERRY PORTS

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Kiel’s Ostuferhafen Access Area Restructured

  • The Port of Kiel is completely restructuring the access area to the Ostuferhafen, its main cargo and logistics hub. It has begun the partial demolition of a former grain storage facility.
  • Result? The demolition along with the integration of adjacent areas will free up 2.8 hectares in the port access area on which expanded hard standing space can be created for trucks, trailers and cars.
  • Who benefits? DFDS, SCA, Iggesund, the forwarders (more space) and cruise shipping.

Photo: Tom Körber

EU Transport Commissioner Violetta Bulc Visits North Sea Port

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On 16 September North Sea Port received the visit of EU Transport commissioner Violetta Bulc. North Sea Port is the company managing three merged ports: Ghent, Terneuzen and Vlissingen.

In Terneuzen, the EU commissioner visited the building site of the New Lock. She was able to see the enlargement of the maritime access to the Ghent-Terneuzen Canal. Europe is supporting this project with a contribution of EUR 48m.

In 2022, the first ship will be sailing through the New Lock.

Ghent is an important base for DFDS.

IN THE MEDIA

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Bridges Linking The Estonian Islands Would Make Ferries Superfluous

Estonian ERR writes that ten companies and funds are interested to build bridges between the island of Muhumaa and the Estonian mainland, as well as between the islands of Hiiumaa and Saaremaa.

The way the bridges would be financed, would be decided by the new government elected next spring.

FERRY FINANCE

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Debt-free Minoan Lines Is In Excellent Shape

When going through Minoan Lines’ H1 report one will especially remark that the lack of debt obligations and the level of the Group’s cash balance means the company is in good shape.

A selection of significant events

  • The sale to Attica Holdings S.A. of 37,667,504 shares of Hellenic Seaways Shipping S.A., representing 48.53% of the paid up share capital, for a consideration of € 78,500.
  • In addition, the Company acquired the right to operate in the “Heraklion-Cyclades” route, while Attica Holdings S.A. and its affiliate companies undertook the commitment not to operate in this route for a period of three years.
  • The purchase of HIGHSPEED (renamed SANTORINI PALACE) from Hellenic Seaways Shipping S.A.
  • The purchase by a company owned by the Grimaldi Group of SUPERFAST XII.
  • Upon completion of all above transactions, the Company and the Group incurred no profit or loss. On 29/6/2018, the Company’s bond loan was fully repaid. As a result, on 30/6/2018 the Company has no short-term or long-term bank loans.

Figures (in thousands)

+ Turnover € 35,903 (€35,497)

– EBITDA € 8,505 (€ 9,682)

+ Net profit € 1,854 (€ 1,585)

SHORT NEWS

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Container Ship Creates Ro-Ro Space

P&O Ferries has deployed the container ship ‘WEGA to start a service between Zeebrugge and Teesport.

P&O Ferries already offers a ro-ro service with six sailings a week on Zeebrugge-Teesport, with BORE SONG and MISTRAL.

The container service will create more space for ro-ro freight on the ro-ro ships.

More short news!

  • The Greek islands of Agios Efstratios and Lemnos line are unhappy with the ferries. They used to have the EXPRESS PEGASUS from Hellenic Seaways. During summer it was proven too small. It will now be replaced by Seajets’ 1975-built AQUA BLUE, ex IERAPETRA and this for the next three years.
  • Eckerö had a great summer (June-August) on all lines: +10% passengers.
  • The increase is mainly due to the fantastic growth of the traffic between Helsinki and Tallinn. Healthy growth for cars and freight.
  • Canary Bridge Seaways, the new joint venture from Baleària and Fred. Olsen Express, will operate two ferries. One will be the chartered CLIPPER PENNANT. The two companies have agreed to operate ferries between the Iberian Peninsula and the Canary Islands. The service will start mid-November.
  • Brittany Ferries’ high-speed ferry NORMANDIE EXPRESS closed its season on 18 September. After annual maintenance she will be laid-up in Le Havre. She will re-enter service in May.

PHOTOS OF THE WEEK

By | 2018 Newsletter week 38 | No Comments

Some pictures of last week’s trip to Corsica. Let’s start this week with Ajaccio, and next week we’ll go to Bastia.

These pictures, with the Corsica Ferries vessel and the French flags, was taken on Sunday 9 September. A ceremony took place to remember the liberation of Ajaccio in 1943. It was the first French city to be free.

Below picture has been taken by Captain Apostolos Kaknis. It is amazing how fast the HSC WORLDCHAMPION JET (ex VILLUM CLAUSEN) sailed from Bornholm to Piraeus. She was welcomed in Greece on Wednesday 19 September.