- Revenues: +16%
- EBITDA: +21%
- Passenger volumes: +6%
- Cars: +5%
- Cargo volumes +15%
- Crossings: +2%
With steadily increasing volumes, the Swedish port opened new areas to improve the logistical conditions for the port’s customers.
On Monday, November 27, Ystad opened a new area of 33,000 m2 for vehicle pre-check-in. At the same time, another area of 23,000 m2 was opened, with two warehouses of 5,120 m2 each. The need for the expanded area is derived from an ever-increasing flow of passenger and cargo traffic through the port.
Ystad Harbor is a central point for trade between Sweden and countries in Central and Eastern Europe.
As from next year Ystad is going to build two new ferry berths in the outer harbour. In 2020 the first of several new ferries is expected to start operating the Ystad-Świnoujście line. Polferries has a ferry on order.
Hamn’s CEO Björn Boström and Chairman Kaj Jönsson showcase one of the new warehouses.
Photo: Ystad
BC Ferries published its results of the last three and six-month period ending on September 30.
Some highlights:
Three month ending September 30
- Revenue: 309.5 (298.9)
- Operating profit: 112.6 (108.5)
- Net earnings: 98.4 (95.2)
Six months ending September 30
- Revenue 535.4 (518.1)
- Operating profit: 144.1 (149.1)
- Net earnings: 115.7 (122.2)
During the nine-month period of 2017, Minoan Lines S.A. presented positive financial results despite the significant increase of fuel prices.
- Revenue: EUR 62.6 million (EUR 128 million)
- EBITDA: EUR 19.5 million (EUR 36.8 million)
- Net profits after tax: EUR 7.4 million (EUR 24.4 million)
Elliott Bay Design Group has designed a new river class vehicle ferry for North Carolina Department of Transportation Ferry Division, which will be built at Bollinger Shipyards of Lockport, Louisiana. The vessel is due to be delivered by March 1, 2019.
The new ferry will have room for 38 regular-sized vehicles. It will serve as a replacement for the 22-year-old THOMAS A. BAUM.
Photo: EBDG
With 61 ferries in operation in Norway, Fjord1 has a market share of 49%. The company which is noted on the Oslo Stock Exchange since last August operates 7 of the 10 largest ferry services in Norway, and also a number of tourist boats in the fjords.
The company has 13 new ferries on order, and has more than 20 contracts with the Norwegian State, as far as in 2030.
Some key figures for Q3
- Revenue: NOK 761.7m (+11%)
- EBITDA: NOK 302m (+22%)
- EBIT: NOK 235.6 (+13%)
Hurtigruten’s two newbuildings ROALD AMUNDSEN and FRIDTJOF NANSEN, built as expedition ships for the polar regions, will also sail along the Norwegian Coast in 2019. The expedition ships will come in addition to Hurtigruten’s 11 ships on Bergen – Kirkeness, and will also visit places not done by the conventional ships. The two hybrid expedition ships are under construction at Kleven, and the first is expected in the summer of next year.
Photo: Hurtigruten
Since 2002 coastal express vessel RICHARD WITH was chartered from a local community-owned company. Recently Hurtigruten signed an agreement to buy the ship through its wholly owned subsidiary Coastal 1 AS.
In 2018 the vessel will get a major refurbishment, with all cabins and public areas being upgraded. More –profitable– suites will be added.
Photo: Hurtigruten
Intensive negotiations came to an end two weeks ago when the European Parliament, the Council of Ministers and the European Commission reached a provisional agreement on the reform of the emissions trading system, which was approved by the Member States.
Photo: Mike Louagie
It is not a surprise. For the third time the cross-Elbe ferry company did not survive in spite of rescue attempts. Depending on the sources, several reasons are being given for the failure.
- Insufficient cars, cargo and passengers or, ship that was too large.
- Insufficient support from local authorities on both sides of the river. Elb-Link asked for a public bridging loan of EUR 200,000 but this wasn’t granted.
- Increased charter rate of the ferry upon renewal of contract (EUR 8,000/day). Management of Elb-Link says a more realistic price would be EUR 3,500.
Photo: Elb Link