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2019 Newsletter week 23

Jun 06
0

Tallink Sets New Passenger Record for May, But Passenger Numbers On Estonia-Finland And Estonia-Sweden Routes Decrease

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First the good news:

  • +0.1% passengers in May.
  • +7.6% highest ever number of passengers for the month of May on the Latvia-Sweden route.
  • +2.2% passengers on Finland – Sweden, highest number of passengers for the month of May in the last 13 years on the Finland-Sweden routes.
  • +7.8% on Latvia-Sweden route (1,471 cargo units)
  • +4% on Finland – Sweden (7,116 cargo units)

The not so good news:

The passenger numbers and number of cargo units transported on the Estonia-Finland and Estonia-Sweden routes decreased in May 2019.
The number of passenger vehicles transported decreased on all the group’s routes in May 2019 compared to the same period last year.

Jun 06
4

For the First Time Grimaldi Group Exceeds a Revenue of €3 Billion

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Grimaldi Group of Naples closed 2018 with Revenues exceeding €3bn for the first time in its history, in spite of higher bunker costs.

  • -11% EBITDA €537.1m
  • -29% Net Result €212m

At the end of the past year the group headed by Diego Pacella, Gian Luca and Emanuele Grimaldi was operating a fleet of over 130 ships, of which 116 directly owned and with an average age of 13 years.

Details per company:

  • Grimaldi Deep Sea – Revenue €675m, EBITDA €114.5m and Net result €55.2m.
  • Grimaldi Euromed – Revenue €1.4 bln, EBITDA €142m and Net result €65m.
  • Finnlines – Revenue €595m, EBITDA €166.3m and Net result €95.1m.
  • Malta Motorways of the Seas – Revenue €32.2m, EBITDA €11.8m and Net result €2.8m.
  • Minoan Lines – Revenue €94.1m, EBITDA €8.5m and Net result €-5.7m.
  • Atlantic Container Lines – Revenue €325.4m, EBITDA €18.6m and Net result €-17.7m.
Jun 06
0

TECHNOLOGY

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Moby And Tirrenia Tickets Can Be Purchased With Telepass Pay

As from Monday 3 June, it will be possible to buy tickets for the routes operated by the companies Moby, Tirrenia and Toremar through the Telepass App, in the new “Ships and Ferries” section.

The cost of the trip will be charged on the Telepass Pay account.

The start of the passenger service is the first step in a technological journey that will also be extended to the freight sector.

Jun 06
0

Wasaline’s New Ferry: No Emissions in Port

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Rauma Marine Constructions has signed an agreement with their partner network for the delivery of a power system for the new Wasaline ferry.

The vessel will employ a hybrid power generation system as well as an electric propulsion system rarely used in ro-pax ferries.

Batteries are dimensioned for the vessel’s operation in port without using main engines. The energy storage system is charged from shore power, which is also used for the vessel’s other power needs during the stay at the harbour.

The power for the propulsors is generated by an integrated system solution, which can utilise the dual-fuel engines or the energy storage system chargeable from shore power. The main source of fuel is LNG (or biogas).

The hybrid power solution will be created together with RMC’s technology partner WE Tech Solutions Oy. The main switchboards will be provided by VEO, the propulsion drive system with a novel frequency converter solution will be manufactured by Danfoss/Vacon, the energy storage system with Li-Ion battery packages will be provided by Leclanché, and WEG will manufacture the generators.

The new ferry is scheduled for delivery in April 2021 and it will operate daily between Vaasa and Umeå.

Jun 06
0

IN THE MEDIA

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Interview with CEO Of Corsica Linea

Some highlights of an interview with Pierra-Antoine Villanova:

  • Three years after the start, the restructuration phase is over. Turnover was €170m in 2016, €200m in 2017 and €220m last year. Net result is €10m, which means we still need to make efforts.
  • Market share on Corsica has grown from 10% to 14%.
  • Mr Villanova does not believe in low-cost. He sees a customer that wants quality of service.
  • Corsica Linea is the second largest employer of French seafarers (“which cost 3 times the price of Italian crew”).

Investment and ecology:

  • Shore power for PAGLIA ORBA (done), PASCAL PAOLI (winter) and JEAN NICOLI (winter).
  • Scrubbers from Ecospray for these three ferries. (€25m)
  • Order for 1 LNG Ferry expected to be placed at a European yard in 2019, with delivery in 2022 or 2023. Tenders out. Finance OK.
Source: Go-Met.com (in French)
Jun 06
0

SAAREMAA Gets Prepared for Canadian Service

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SAAREMAA is being “Canadised” prior to her service on the Matane – Baie-Comeau – Godbout route. Last week, she was presented to the local media.

The route was temporarily operated by CTMA VOYAGEUR, which in fact only has a 12-driver capacity. The problems on the route started when modern LNG-powered ro-pax F.-A.-GAUTHIER experienced problems, which still haven’t been solved. The ferry is still in dry dock.

Since 1 June, the route is operated by F.-A.- SAVARD, a 70-car, 376-pax ferry, until SAAREMAA is ready. The ship is expected to enter service at the beginning of July, as SAAREMAA I. Later on, a naming competition will be organised.

Short of its flagship F.-A.-GAUTHIER, STQ recently acquired veteran APOLLO as a stop gap solution. However, she only lasted for 21 days, because of technical and structural issues.

Source: L’Actualité (in French)