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Good News For Moby: Court Rejects Insolvency Petition
The Court of Milan has completely rejected the insolvency petition presented by certain bondholders against Moby S.p.A.
By an order filed on Wednesday 9 October, the Court of Milan, composed of three judges and upholding the defence by Moby S.p.A., dismissed the insolvency petition presented by certain bondholders and awarded costs against them.
Under the order in question, not only did the Court of Milan find the allegations of a current state of insolvency groundless, in as much as the company is not burdened by any tax or social security liabilities, is not subject to any enforcement or provisional action and does not appear, in its current state, to be unable to pay its debts as they fall due, but the Court also held that there are no extraneous circumstances at present that show the subsistence of a prospective state of insolvency.
Moby is therefore evaluating the possibility of making a claim against speculative funds who filed the petition with a view to recovering damages for loss caused by their groundless action. (source: note on Luxemburg Stock Exchange)
This good news for Moby is also good news for DFDS. An insolvency could have jeopardised the agreement about the sale of the ferries to DFDS.
For the first time in its history, the Grimaldi Group will build ropax ferries in Asia. The order for the new ‘Super Star’ class for Finnlines seems to be very close, according to what Emanuele Grimaldi stated at the EuroMed Convention. “We are now discussing with only three shipyards. The deal can be done in one month.”
The new ice-class vessels are an evolution of the Fincantieri-built Star-Class vessels. They will have a capacity of some 5,000 lanemetres and 350 cabins. They will also have the biggest battery pack ever mounted on a ship.
Some sources revealed to Ferry Shipping News that the builders shortlisted are Hyundai Mipo in South-Korea, Avic, Jinling (both part of the China Merchants group) and Guangzhou Shipyard International in China. All the European shipyards has been left out since the price were in some cases twice as high. Chinese yards seem to have an advantage over the South Korean competitor.
In the near future Grimaldi Group will also order a new series of ‘Supercruise vessels’ for the Mediterranean network, designed “to halve consumption while doubling capacity”.
HERMINE is yet another newbuilding for CLdN. She started to operate last week from Zeebrugge to the UK. She’s the last unit of a 5,400 lane meter quartet of Hyundai Mipo built roro ships, including LAURELINE, YSALINE and SIXTINE. Before, two larger 8,000 lane meter roro’s were delivered, the CELINE and DELPHINE.
Previously, the order for two vessels at the Uljanik Yard have been cancelled because of the financial problems of the yard.
Instead, in July 2019 CLdN placed an order for an additional two roro’s at Hyundai Mipo. The major difference will be the fact that they will use LNG as fuel.
The two roro’s will have a 320m3 capacity C-type fuel tank, located under the main deck.
The 4+2 delivered roro ships are LNG-ready.
Four more ships will be ordered, as part of a twelve-ship expansion plan.
Following an extensive refit programme at shipyards in Turkey and Liverpool, the STENA EUROPE has resumed its scheduled sailing services on the Rosslare – Fishguard route.
The upgrade programme took longer than had been anticipated but as Stena Line’s Trade Director (Irish Sea South) Ian Davies said, the upgraded vessel will now offer a significant improvement in customer care, Ian Davies said: “I know there has been a certain amount of frustration with the delayed return of the Stena Europe, a very popular vessel with both our freight and travel customers. We had planned for a number of improvements and additions throughout the ship both of a technical and customer-facing nature, but we did encounter a number of challenges which impacted on our works delivery schedule for which I’d like to apologies to our customers. “
“Apart from a number of technical upgrades our freight customers will be particularly pleased to hear that we have altered our deck height to be able to accommodate the increasing trend for high sided trailers and for our travel customers we have also added a new Hygge Lounge which offers luxury reclining seats set in a private, ultra-stylish but cosy surrounding, an upgraded Retail Shop and a refurbished Happy children’s play area to name a few changes.”
Ventouris Ferries’ ropax RIGEL VII is being rebuilt at the Diamantis Shipyard in Kynousoura, since September 13. The Japanese build vessel will undergo a serious facelift before its introduction on the Italy – Albania route next summer season.
The ship was purchased from Japan (Shikoku Kaihatsu Ferry) in December 2018 and arrived in the port of Aigion (Greece) on March 3, 2019.
She was built at Imabari in 1994. She is 9.917gt (3.155 dwt), 164m long, 25,6m wide and 5,5m draught. Her carrying capacity is for 730 passengers (312 beds), 122 trucks and 278 cars (1,251 lane meters), but that is going to change. She has two Pielstick main engines (27,000 b.h.p.) and her service speed is 22 knots.
Unconfirmed information claims that Grimaldi Lines intends to charter the ropax GIROLATA of the French company La Méridionale. The former Minoan Line’s ARETOUSA, has left the Marseilles – Corsica route after the French company was not chosen to operate the public service.
She might return to the Adriatic Sea in order to replace the Grimaldi Group’s ships that will have exhaust gas cleaning systems units installed.
The charter period is likely to begin in November, until spring 2020. To be confirmed.
AS Tallink Grupp Statistics For September 2019 And Q3
Traffic trends for September
- -1.7% passengers
- -0.1% cars
- -2.7% freight units
Traffic trends for Q3 (July-September)
- +0.9% passengers = 2 974 790
- +0.4% cars = 353 725
- -1.7% freight units = 93 329
Grimaldi, GNV And Tirrenia Competing For The New Ropax Terminal In Civitavecchia
The president of the Civitavecchia port authority, Francesco Maria di Majo, recently confirmed that a public tender is expected to be launched soon, in order to put on the market the new Darsena Traghetti terminal. Three industry players expressed their interest.
Ferry Shipping News understood from sources familiar with the matter that the three companies soon to bid for the new infrastructure are Grimaldi Group, MSC-controlled Grandi Navi Veloci, and Tirrenia, part of Moby group.
The Darsena Traghetti is a new terminal, currently still under construction. Once completed, the terminal will offer six 240m berths for ropax vessels.
The preferred bidder, according to what di Majo explained, will have to maximise not only passengers but also roro and automotive traffic in the port.
The Swedish Port of Helsingborg enters into an innovation partnership with Einride, a Swedish tech company developing an autonomous, electric transport system that is sustainable, efficient and safe.
The project starts October 1 and the first step will be to analyse the transport flow in the port area.
The European Commission has approved, under EU State aid rules, Greece’s plans to grant €47.3 million of public support for the construction of a new quay in the port of Igoumenitsa.
The aim of the project is to decrease congestion, harmful emissions and the risk of accidents, by relocating the port’s international activities to a new quay situated out of the city of Igoumenitsa.
The Commission assessed the measure under EU State aid rules. It found that the public support was proportionate and necessary for the implementation of the investment. Furthermore, the Commission considered that Igoumenitsa, while being a relatively small port with limited transport volumes at EU level, is part of the core trans-European transport network (TEN-T).
The new DFDS headquarters will be located close to the water on the Marmormolen wharf at the Nordhavn harbor. On completion, the building will resemble a large vessel docked in port.
The design of the building is inspired by the structure of a cruise liner. The bottom “deck” of the building will be a parking garage. The next three decks will contain office spaces. The building will also have meeting rooms, a restaurant and a two-deck auditorium that seats 200-300 people. A roof terrace will be on the top deck of the building with a view over the water.
The President for the next 2 years is Claes Berglund (photo left). Mr Berglund is Director Public Affairs & Sustainability of Stena AB. He has been a senior executive in the shipping industry for 15 years, before which he worked for 12 years in road-based transport and third-party logistics services. Mr Berglund is also a reserve officer in the Royal Swedish Navy.
The Vice-President for the next 2 years is Philippos Philis, founder and Managing Director of Lemissoler since 1996 (photo right).
Lemissoler owns and operates a modern fleet of owned designs of eco bulk carriers and stresses its R&D activities to continuously develop a greener fleet. Mr Philis is the President of the Cyprus Shipping Chamber (CSC) as well as of the Cyprus Shipowners’ Employers Association (CySEA) and has previously served on the Board of Directors of the International Chamber of Shipping (ICS).
During the meeting on September 4 th, Björn Boström, CEO for Port of Ystad, was re-elected for yet another term as Chairman of the Baltic Ports Organization’s (BPO) Comprehensive Ports Working Group.
BPO is a regional ports organization established in 1991, with the aim to facilitate cooperation among ports and to monitor and improve the possibilities for shipping in the Baltic Sea region. The organisation currently comprises of 47 members, representing the most significant ports and stakeholders in the Baltic Sea region, with the mission to strengthen the global competitiveness of the region’s port industry.
One Sea Appoints Riku-Pekka Hägg As Chairman With Mission To Grow Autonomous Ship Alliance
ONE SEA, the industry alliance whose primary aim is to lead the way towards an operating autonomous maritime ecosystem by 2025, has appointed Riku-Pekka Hägg as Chairman of its Management Board.
Hägg, who will oversee ONE SEA will retain his current role as Vice President, Ship Design and Integrated Solutions Sales at Wärtsilä.
Having fulfilled an array of strategic roles at Wärtsilä, his current focus is on leading business transformation with particular emphasis on smart technologies. In his current position he is also responsible for overseeing Wärtsilä’s Smart and Autonomous Ship strategy. In stepping up to the ONE SEA chairmanship from his previous Vice-Chair role, Hägg says his interest will remain focused on connecting businesses with the possibilities new digital technologies create for safety, efficiency, growth and profitability to enable sustainable shipping.
“It’s exciting to see that smart and autonomous systems are rapidly gaining interest and ground in shipping, but the technology is unregulated, and interoperability is not standardized,” Hägg observes. “ONE SEA is a fantastic collaboration network comprising leading, global and multi-industrial companies who want to co-create proposals for industry standards and regulations in this fast-developing technology area.
Brexit: HMRC Impact Assessment For The Movement Of Goods If The UK Leaves The EU Without A Deal
One of the conclusions of the document published by HM Customs and Revenue is that “UK supply chains face an additional £15 billion annual cost burden in the event of a no-deal Brexit.”
This is the third edition of the impact assessment that was first published on 4 December 2018. This edition includes the impacts of the customs, VAT and excise regulations laid before Parliament in February, March and September 2019, and the EU Withdrawal Act 2018, and adds to the impacts that were published on 25 February 2019.
If the UK leaves the EU without a deal, the customs, VAT and excise arrangements in place as a result of the UK being part of the EU will no longer apply. The UK would no longer be subject to EU law and new legislation will be needed to replicate the current rules for trade with non-EU countries, ensuring that this also applies to EU trade. VAT and excise legislation will need to be amended to reflect the fact that the UK is no longer part of the EU.
One section relevant for the ferry industry is C1 (ii and iii) “Movement of goods from roll on roll off ports”.
Nova Scotia’s transportation minister says his department is focusing on next year’s sailing season for the Yarmouth-to-Maine ferry as the current season winds down without a single crossing having been made.
The value of freight through Dover will drop by about £1bn a week if UK leaves the EU without a withdrawal agreement, its chief executive acknowledges, as transport minister George Freeman confirms UK government assumption it would cut freight traffic through Britain’s busiest ro-ro port by up to 60% for three months.
- Earlier this week, laid-up ferry IONIOAN SKY started to list to starboard. The ferry once belonged to the NEL Lines fleet, and has been immobilised since 2013.
- CLdN’s MAZARINE is in Poland (Remontowa) to get an additional car deck
- Maybe you’ve heard the rumour about a new ferry line between Vigo, Cork and Plymouth? Some sources linked this project to Grimaldi, which was denied by the Italian company.
- Copenhagen Malmö Port and DFDS have reached an agreement to establish a shore power facility in Copenhagen, which means that the CROWN SEAWAYS and PEARL SEAWAYS will be able to receive electricity from land.
Genoa From The Sky
When returning from the Grimaldi EuroMed Conference, our Italian correspondent Nicola Capuzzo took these shots from his aircraft, when arriving in Genoa. MOBY WONDER and MOBY AKI can be clearly seen, being prepared for their new life on the DFDS IJmuiden – Newcastle route.
If only all sea ports had an airport in the harbour area.
This is a view on the normal ferry operations, with several GNV and Tirrenia ropax units alongside.