Tirrenia CIN Closed the Catania – Naples RoRo Link Due to Insufficient Demand

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Tirrenia CIN Closed the Catania – Naples RoRo Link Due to Insufficient Demand

As from this week, Tirrenia – Compagnia Italiana di Navigazione (Moby group) is no longer operating the regular roro line between the ports of Catania, in Sicily, and Naples, in Campania. The announcement was sent to the road haulers last week.

“This line was opened in June 2018 following the request coming from the market and Tirrenia has strongly supported it with important investments. Today we are forced to interrupt the operation in the light of the lack of sufficient traffic to support the line economically. The other maritime connections will continue as planned” the company said.

On the Catania – Salerno route Grimaldi Group will remain the only player active, while Cartour currently deploys a roro ship on the Messina – Salerno link.

Atlantis Seaways Launch Roro Service from Libya to Italy and Slovenia

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A new shipping company called Atlantis Seaways has just launched a roro line between Libya, Italy and Slovenia.

Some details were released by the Italian general agent, the Venice-based general agent Agencies, which announced that it is a new regular service calling at the port of Khoms, Misurata, Salerno, Venice and Koper.

The frequency is every 18-20 days. Two loops, one in the Thyrrenian Sea and the other one in the Adriatic Sea, will be alternated.

The vessel deployed is the roro MY ROSE [link MarineTraffic] with a capacity for 1,500 lane metres.

Depending on the success of the line and the demand from the market a second ship and further calls in Northern Italy (Genoa), in Spain and in Turkey (Izmir) may be introduced in the future.

Increased Capacity Between Zeebrugge and Santander

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CLdN introduced VALENTINE and CELANDINE on the Zeebrugge – Santander service, adding almost 40% to the total capacity between these two ports.

This scale-up fits well into the growing demand CLdN has been experiencing on the connection between Belgium and Spain.

In 2016 CLdN started the route with only one roundtrip each week. Today it sails between the two ports no less than three times a week., with departures on both sides on Wednesdays, Fridays and Sundays.

FERRY FINANCE

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Moby Announced a Standstill Agreement with Bondholders and Negotiation with the Banks

The Milan-based Moby group announced that it entered into confidentiality agreements and a standstill agreement with a group of bondholders under the €300 million bond, due 2023, issued by Onorato Armatori Spa (company subsequently merged into Moby).

Pursuant to the standstill agreement, the company shall, inter alia, provide certain due diligence information to the group of bond holders with a view to the Moby group and with the objective to negotiate the terms of a potential restructuring transaction. “In change the financial investors shall refrain from taking enforcement or repayment actions against the company. It is contemplated that the Standstill Agreement shall continue until 29 February 2020” the announcement from Moby explains.

The ferry company controlled by Vincenzo Onorato is also engaged in discussions with the banks (Unicredit, Intesa Sanpaolo, Ubi, Banco bpm and Mps) under the €260 million loan regarding a potential restructuring transaction. “In connection with the ongoing discussions with the lenders, the company has made a request for the lenders to standstill during this period” Moby informed.

The Onorato-controlled group concluded specifying that “the company will not make in mid-February the scheduled payments due under the notes and the senior facilities agreement, or the scheduled amortization payment due under the senior facilities agreement”. Moby’s business and operations are expected to continue to operate as normal during the restructuring discussions.

FERRY PORTS

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Almost 10% Increase of RoRo Traffic Between Algeciras and Tangier Med in 2019

Ferries in the ‘Strait’ have been doing well last year.

  • +8.63% freight units on all routes to North Africa
  • +9.92% freight units on Port Algeciras – Tangier Med
  • -0.57% freight units on Algeciras – Ceuta
  • -1.76% passenger cars Algeciras – Tangier Med
  • +5.62% passenger cars Algeciras – Ceuta

TECHNOLOGY

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Irish Ferries Choose Hogia Ferry Systems

Irish Ferries have been looking to replace their current passenger and freight reservation systems and have signed an agreement with Hogia Ferry Systems to deliver their standard booking system BOOKIT.

The new system has a fully comprehensive API, which will allow Irish Ferries to integrate any hardware or third-party software.

Irish Ferries currently have two separate systems for their passenger and freight operations, which will now be replaced with one complete solution.

IN THE MEDIA

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Cyprus-Greece Passenger Ferry Still a Long Way to Go

The government’s proposal to re-establish a long-defunct car and passenger ferry service to Greece from Cyprus by the summer of 2020 is being implemented step by step, but there is still a long way to go, Phileleftheros reports citing insiders.