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Baleària Purchase Ro-Pax VISEMAR ONE

By | 2019 Newsletter week 33 | No Comments

Baleària has invested close to EUR 55 million in the acquisition of the Visentini ro-pax VISEMAR ONE, which has been sailing for the company for seven years. She started in 2011 on the Barcelona-Palma route, and currently operates between Valencia and Palma. Her large cargo intake of 2,860 lane meters makes her very efficient for the Mallorca lifeline route.

Baleària currently has 30 vessels in its fleet, 26 of which are owned. The shipping company is building two LNG-powered ferries at the same Visentini yard, and
it has the intention to convert five existing ferries into LNG powered ships.

Two “other” projects are also on the shelf.

Stena Line Adds Extra Freight Capacity To Its Liverpool – Belfast Service

By | 2019 Newsletter week 33 | No Comments

In response to growing market demand, Stena Line is planning to upweight its freight capacity on the popular Liverpool – Belfast route. This month (August 2018), Stena Line will initially deploy the 3,000 lane metre STENA FORERUNNER, before replacing it with a similar ship early in 2019 at which point the STENA FORERUNNER will return to service in the North Sea.

Second Construction Milestone Readies Brittany Ferries HONFLEUR For A More Efficient Future

By | 2019 Newsletter week 33 | No Comments

On August 7, the traditional coin ceremony took place at FSG shipyard in Flensburg.

For Brittany Ferries and the shipyard it was an occasion to highlight the design process of the hull design, something for which FSG is well respected.

“Passengers will never see Honfleur’s hull, but they will certainly feel its benefit,” said Brice Robinson, Brittany Ferries naval architect, speaking from the keel laying ceremony.

After assembly, HONFLEUR’s hull will be launched in December.

Photo: HONFLEUR’s first mate Fleur Le Derff and FSG head of building berth Michel Bollman at the keel laying ceremony

Mr Onorato Launched A Ship And A Petition

By | 2019 Newsletter week 33 | No Comments

Probably it is the first time that a ship launch includes a political statement. When shipowner Vincenzo Onorato launched ro-ro vessel MARIA GRAZIA ONORATO at the Flensburg FSG shipyard, he also launched a petition in defense of Italian seafarers on Italian ships. The ship acted as manifest, with the slogan “Onorato for the Italian Seafarers” painted on the hull (in Italian).

He also asks non-EU seafarers to comply with maritime work in Italy and the E.U.

  • Ships flying the Italian flag, in regular service between EU countries, must embark Italian or EU crew to access the tax benefits provided by the State;
  • Contracts of non-EU staff on Italian ships in international service must be standardized to those of Italian / EU seafarers.
  • Safety standards must be guaranteed and verified for all seafarers.

Norled Confirms Vessel No. 3 And 4 Of LMG 120-DEH Design

By | 2019 Newsletter week 33 | No Comments

On 1 August 2018 Norled has announced the contract for the construction of two Double Ended Diesel Electric Hybrid ferries based on the LMG 120-DEH design to be built at Remontowa Shipyard. These two sister ships comes in addition to the two first units for which the shipbuilding contract was signed in July.

These two sister ships will operate on the Mannheller-Fodnes route and, as compared to the two first ones intended for the Festøya-Solavågen connection, will feature two modifications. Since the Mannheller-Fodnes route is shorter, the capacity of the battery pack will be reduced by approx. 20%. At the same time, the vessels will be certified to carry more passengers with the maximum being 395 persons.

FERRY FINANCE

By | 2019 Newsletter week 33 | No Comments

DFDS’s Acquisitions Fuel Growth In Q2

In Q2, DFDS’ revenue increased 6% to DKK 3.9bn driven by the expansion of the route network in the Mediterranean (with the acquisition of U.N. Ro-Ro), as well as continued growth in the freight activities in northern Europe. These two factors were also the key driver of the increase in EBITDA before special items by 9% to DKK 802m.

The growth of freight ferry volumes was in line with expectations in both northern Europe and the Mediterranean with overall growth of 6%.

Logistics volumes were up 5% for continuing activities.

Viking Line Sees Improved Income Despite Lower Sales in Half-Year Results

By | 2019 Newsletter week 33 | No Comments

Some highlights of Viking Line’s half-year results for the period January 1 – June 30, 2018:

  • Consolidated sales EUR 225.7m (235.5m)
  • Operating income EUR -13.5m (-15.0m)
  • Passenger-related revenue EUR 201.7m (211.5m)
  • Cargo-related revenue EUR 22.9m (22.8m).

Thanks to lower operating expenses, consolidated income for the first six months of 2018 improved despite lower sales.

The weak Swedish krona had a negative impact on consolidated income.

Viking Line introduced a new organization model, with as aim to bring faster decision-making and clearer ownership of results. Strengthening the commercial focus at an organizational level is another goal.

Viking Line has transported 3.1m passengers, with a turnover of EUR 239.3m. Competitor Tallink welcomed 4.5m guests, and realized a turnover of EUR 451.4m.

Higher Fuel Prices Put Pressure On Tallink’s H1 Profits Despite The Increased Cargo

By | 2019 Newsletter week 33 | No Comments

Some highlights of Tallink Grupp’s half-year results for the period January 1 – June 30, 2018:

  • 6 million passengers (+0.8%), with most notable growth of 11.4% on the Latvia-Sweden route.
  • Cars 533,710 (+1.3%).
  • Steady increase of cargo transportation (+9.2%). The lion’s share was carried on the Estonia-Finland route: 122,914 cargo units (+10.4%). The most notable growth was on Latvia-Sweden, where a total of 7,832 cargo units were transported (+45.8%).
  • Sales revenue decreased (-2.6%), providing EUR 439.6m of unaudited revenue
  • Unaudited net loss EUR 4.3m (2.4m).

 

Challenges:

  • Increase in fuel prices.
  • The decline in the absolute number of passengers on the Tallinn-Helsinki route in Q2, although Tallink has managed to increase both passenger numbers and market share on this route as a result of investments.
  • The excise duty levels in place in Estonia have an impact on the results and affect the Estonian tourism and service sectors negatively as a whole.

HH Ferries Group Generated Strong Growth In Freight Traffic In Q2

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Scandlines Helsingborg-Helsingør continued the positive development and generated strong growth in the number of transported trucks in Q2, which entailed an increase in the route’s market share of the freight traffic on Öresund. In May, the number of trucks that chose to cross the Sound between

Helsingborg and Helsingør exceeded the number of trucks choosing the fixed connection between Malmö and Copenhagen for the first time.

+ Freight units 121,000 (109,000)

+ Cars 352,000 (372,000)

– Passengers 1.89 million (1.94 million).

Finnlines Surfing On The Waves Of A Thriving Finnish Economy

By | 2019 Newsletter week 33 | No Comments

Grimaldi Group has performed very strongly in the first half of 2018:

  • Revenue EUR 289.1 million (+11.5%)
  • Result EUR 42.3 million (+20%)
  • EBITDA EUR 78.3 million.
  • Cargo units 338,000
  • Passengers 304,000

Productivity has been improved with the lengthening programme, which is complete at the end of the year: six lengthened vessels = an extra 6,000 lane metres = equivalent of two vessels.

FERRY PORTS

By | 2019 Newsletter week 33 | No Comments

Ro-Ro Continues To Grow In Port Of Zeebrugge

Port of Zeebrugge has reported a growth of 6.3% during the first semester. A total of 19,450,286 tons of cargo has been processed. The increase is situated in the ro-ro sector (+9.3%), fluid bulk goods (+15.1%) and the container sector (+6.1%).

Ro-ro ferry growth is registered for the UK (+1.9%), Ireland (+9.1%), Scandinavia (+4.2%) and Southern Europe (+23.6%).

New Delegation Of Corsican Public Services Prefers Freight

By | 2019 Newsletter week 33 | No Comments

The new DSP (delegation of public services) has been voted on 27 July. After a period of analysing it has been decided to organise the DSP differently.

  • It will only last for two years.
  • Instead of supporting the transport of 360,000 pax per year, the number has been dramatically reduced to 91,000.
  • Freight gets more money: up to 1.7 million lane meters will get a subsidy, instead of 1.3 million.
  • New tariffs give better advantages to the islanders: -30% if the live on the island.

SHORT NEWS

By | 2019 Newsletter week 33 | No Comments
  • Baleària launched a new Tanger Med – Malaga ro-pax and freight service on August 4.
  • Intershipping’s fast monohull ferry QUEEN NEFERTITI started operating on 5 August from Algeciras to Tanger Med.
  • Stena Line has replaced ro-ro BORE BAY with VIKINGLAND on the Gdynia-Nynäshamn route (freight only).

Photos Of The Week

By | 2019 Newsletter week 33 | No Comments

Some snapshots taken during my cruise in the Irish Sea:

The sunset picture of STENA SUPERFAST X has been taken in Holyhead. The early morning “blue hour” picture was taken the day after in Dublin. Good to see ULYSSES is back in service.