FINANCE

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The number of passengers traveling with Viking Line in 2018 was 6,411,537, a bit lower than previous year (6,881,149). In 2017 Viking Line chartered high-speed ferry VIKING FSTR, creating more capacity. In 2018 Viking Line had 38% fewer departures on the route.

The number of freight units was 128,549 (127,668) and the number of passenger cars 704,799 (762,253).

Tallink Grupp Transports Record Number Of Cargo Units In 2018, But Fewer Cars

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Tallink Grupp transported in the full year 2018:

+0,04% passengers: 9,760,469 (9,755,720)

+5,67% cargo units: 384,958 (364,296)

-0,83% passenger cars: 1,124,897 (1,134,323).

  • Growth in spite of challenges, like longer than planned docking of BALTIC PRINCESS.
  • Record number of passengers in July, with 1,2 million pax in this month only.
  • Strong growth of cargo transportation, giving a new record.

INTERESTING READS

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CLdN’s Supersized Ro-Ro’s: A Success Story, And LNG-Ready

CLdN’s super 8,000 lane meter ro-ro CELINE is now more than one year in operation.

DNV GL has published a review. No time to read? Here are some bullet points:

  • Larger vessels bring down the unit price.
  • Bigger vessels work better on long hauls.
  • Transfer the best of deep-sea technology to ro-ro, with new developments in thrusters, rudders and engines.
  • Very maneuverable, in spite of their very large dimensions.
  • Learning to operate two-stroke engines rather than the four-stroke units typical for the rest of the fleet
  • Moving from low to medium voltage.
  • Operating shaft generators at variable rotational speeds with frequency converters, rather than constant-speed engines.
  • Operations with larger volumes and more decks.
  • Ready for conversion to LNG when the time is right. “It’s not a case of ‘whether’, but rather of ‘when’.

Basalt Infrastructure Acquires 30% Of Caronte & Tourist

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The UK-based investment fund Basalt Infrastructure Partners II LP announced it has closed the acquisition of a 30% interest in the Italian ferry company Caronte & Tourist.

The terms of the transaction were not disclosed but the price might stand around €150m according to some financial sources. Basalt is an infrastructure equity investment fund focusing on investments in utilities, energy and transport infrastructure in Europe and North America. Basalt also controls Wightlink.

Caronte & Tourist owns and operates 26 ferries providing lifeline ferry services between Sicily and the Italian mainland (Strait of Messina) and between Sicily and the Sicilian minor islands. “The company has a proven and well-established management team responsible for a strong core business with additional growth potential” said Rob Gregor, managing partner of Basalt Infrastructure Partners.

“We are very excited to welcome Basalt as a long term partner in our business. Their investment coupled with our market-leading position and knowledge help deliver the industrial plan of the company, growing the business to meet the needs of the Island and pursue further growth opportunities” added Antonino Repaci, chairman of Caronte & Tourist.

SHORT NEWS

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  • MARIA ROSARIO, once well known as the PURBECK, sank on the afternoon of 31 December 2018 at the pier in Puerto La Cruz. The vessel is owned by Venezuelan company La Nueva Conferry. She will be sold for scrap. In August, the TALLINK AUTOEXPRESS II ship sank and was refloated 40 days later. In September it was the turn of ROSA EUGENIA to take a dip.
  • The 29m midbody section needed to lengthen Grimaldi’s CRUISE ROMA has arrived at the Fincantieri yard in Palermo. The cruiseferry will shortly be arriving to get the surgery done. The extra section will create an extra 600 lane meters, 80 beds, 450 reclining seats, and a new buffet restaurant. CRUISE BARCELONA will follow.
  • LE RIF, once Sealink’s GALLOWAY PRINCESS still hasn’t entered service. After an endless refurbishment in Naples and La Spezia, the vessel arrived under tow on 8 January in Genoa at the ship repair yard. Is the ship still in the hands of Detroit World Logistics Maritime? That is unclear.
  • Trasmediterránea will no longer be using the small ferry NURA NOVA on the Ciutadella (Menorca) and Alcúdia (Mallorca) route, after she has been sold to Gestour, to be used out of Naples. Which ship will replace her, has not been announced yet.
  • A-Ship Management’s PRINCE ( the 1974-built PRINSESSAN BIRGITTA) is being chartered to Ventouris Ferries for service on the Bari-Durres run.
  • P&O Ferries charters ro-ro NEPTUNE DYNAMIS to cover for some winter overhauls.
  • Ro-ro QEZBAN suffered an engine room fire while transiting Dardanelles on 8 January. The fire was quickly extinguished and the ship went at anchor. She is working on the route Lavrio (Greece) and Yalova (Turkey) for EKOL Logistics.