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FERRY SHIPPING

By | 2019 Newsletter week 7 | No Comments

Grandi Navi Veloci Relaunch The Genoa-Olbia Link With ‘Rebranded’ Ships

Six years after closing down the Genoa – Olbia route, Grandi Navi Veloci decided to relaunch the route between Northern Italy and the port at the heart of the Costa Smeralda on the island of Sardinia.

The service is expected to start on 25 May and will last until 29 September, in parallel with the other maritime link operated between Genoa and Porto Torres. “With two routes and 280 sailings, we are going to offer a capacity for 700,000 passengers to be transported between Sardinia and the Italian mainland” said Mateo Catani, CEO of the ferry company.

Interesting detail for the lovers of the Italian rock star Vasco Rossi: some of the GNV’s ferries set to be deployed on the Sardinia routes will entirely be covered by an advertisement campaign for the concert to be held on 19 and 20 June. Vasco Rossi revealed the new layout of the ferry EXCELSIOR on his Facebook page.

SAINT JOHN PAUL II On Its Way To Malta

By | 2019 Newsletter week 7 | No Comments

Incat Tasmania has delivered a 110m fast vehicle/passenger ferry to Virtu Ferries of Malta for their service between Malta and Sicily.

The vessel, SAINT JOHN PAUL II has departed Hobart Tasmania on the first leg of her delivery voyage and will arrive in Grand Harbour Valletta by the end of this month.

Incat hull 089 will be the largest ro-pax catamaran ever built for operation in the Mediterranean.

Deliveries On The Increase For Wight Shipyard With Their 6th Ferry In Two Years

By | 2019 Newsletter week 7 | No Comments

Wight Shipyard Co delivered its first multi-million pound export order for a 250-passenger river catamaran to operate for Central Danube Region Marketing & Development GmbH’s Twin City Liner – a tourist service running on the River Danube between Vienna and Bratislava, joining two European capital cities.

The 39m vessel is excellent news for the Isle of Wight shipyard and follows an exceedingly productive 2018. With other successful deliveries to Red Funnel for a second 41m high speed passenger ferry, followed swiftly after with Scotland’s Jacobite Cruises 21m day cruise catamaran for Loch Ness.

FINANCE

By | 2019 Newsletter week 7 | No Comments

Viking Line Group 2018 Results On A Par With Previous Year

  • Consolidated sales EUR 497.8 million (EUR 513.6)
  • Operating EUR 9.3 million (10.0)
  • Income after taxes EUR 5.5 million (5.3)
  • Passenger-related revenue was EUR 450.3 million (467,5)
  • Cargo revenue amounted to EUR 45.3 million (43.8)

Due to lower operating expenses compared to the previous year, consolidated income for 2018 improved somewhat despite lower sales.

Moby Ready To Pay EUR 50 Million To The Banks For The Loan Obtained In 2016

By | 2019 Newsletter week 7 | No Comments

On 11 February, Moby Group has paid the pool of banks led by Unicredit, EUR 50 million, as an instalment of the loan of EUR 200 million granted in 2016.

Upon a request for a comment on that, the Milan-based group controlled by the Onorato family said that “as for the loan, all the instalments in the past and in the future have been and will be paid, and the same is going to happen for the one expiring this month.”

Some concerns circulated among the financial stakeholders in the last few days on that matter.

The Italian ferry group also confirmed that three bank transfers for a total amount of EUR 85 million has been made from CIN Tirrenia to Moby at the end of 2018 but not specifying the reasons behind.

TECHNOLOGY

By | 2019 Newsletter week 7 | No Comments

Agreement Between Telespazio And Grimaldi For Satellite Communication Services

European spaceflight services company Telespazio and Grimaldi Group announced they have signed two contracts to strengthen the satellite communications capabilities of the Naples-based shipping group on its fleet of cargo and passenger ships.

Telespazio, a joint venture between Leonardo and Thales, said that the first agreement provides for managing on-board communications for ro-ro, multi-purpose and PCTC (Pure Car & Truck Carrier) vessels in the Grimaldi fleet that operate between Northern Europe, North and South America, West Africa, and the Mediterranean.

Telespazio will take care of the design and supply of on-board systems for satellite communications and related broadband services, including backup, on a multi-regional scale. These services will be provided via Telespazio’s global coverage platform operated by the Fucino Space Centre.

The second agreement covers renovating basic (voice and data) satellite telecommunication services for crew and passengers, on mixed cargo/passenger ships that the group currently operates in the Mediterranean, between Italy (including Sardinia and Sicily), Greece, Spain, Tunisia, Morocco, and Malta.

The overall value of both agreements signed between Telespazio and the Grimaldi Group is about EUR 5 million.

IN THE MEDIA

By | 2019 Newsletter week 7 | No Comments

Eurotunnel Taking Department For Transport To Court Over Seaborne Freight Ferry Contract

Eurotunnel is starting a legal challenge against the Department for Transport over a decision to award contracts to three ferry companies, under no-deal Brexit plans.

The court appeal is the latest twist in the controversy surrounding the contracts.

At the weekend, the government announced it was scrapping a £13.8 million contract with Seaborne Freight to provide a service between Ramsgate and Ostend to ease pressure on other ports, such as Dover, in the event of a no-deal Brexit.

Eurotunnel says the contracts totalling EUR 108 million were awarded through a “secretive and flawed procurement process”.

Financial Investor Lars Windhorst Rescues Flensburg Shipyard

By | 2019 Newsletter week 7 | No Comments

Financial investor Lars Windhorst has thrown out a lifeline to the German shipyard by acquiring the majority of FSG.

Windhorst’s Sapinda Holding B.V. took over 76% of the shares, said previous owner, the Norwegian company Siem.

Some EUR 33 million of fresh equity will also be put by Windhorst’s holding into the yard.

In addition, Siem has issued FSG ten million in arrears, which were converted into new shares.

According to its own statements, Siem wants to remain an active shareholder with a majority in FSG’s advisory board.

As late as January, the FSG had difficulties paying their salaries to shipyard employees, including 650 full-time employees. The parent company Siem Industries finally had to step in.

The order books of the FSG are filled until 2021. In total, there are orders for seven ships with a contract volume of one billion euros.

With agency material

SHORT NEWS

By | 2019 Newsletter week 7 | No Comments
  • Ro-pax PAGLIA ORBA now has shore power connectivity.
  • It looks like the VILLA DE TEROR will be completed soon
  • ALCANTARA DOS will be the temporary Ciutadella – Alcudia route vessel after departure of NURA NOVA.