Fjord Line’s Board Of Directors Finds The Profit Development Satisfactory And Expects Further Improvement In 2019

By | 2019 Newsletter week 27 | No Comments

Compared with 2017 total revenues grew with a healthy 13% to MNOK 1,529.3 which again is a record for the Group. All business areas in the company contributed to this growth where both volumes and average rates increased across the board.

Passenger operations on Sandefjord-Strömstad developed especially strong following a refurbishment of the retail unit onboard OSLOFJORD.

After a troublesome season in 2017, Fjord Line recorded a sailing season without incidents on the route Kristiansand-Hirtshals.

Following the extensive docking program for sister vessels STAVANGERFJORD and BERGENSFJORD, the capacity increase realised through the addition of 64 new cabins and 114 further seats, lead to record volumes during July on Bergen-Hirtshals route.

Key figures

  • +8.4% Passengers
  • +7.8% Cars
  • +1.5% Freight
  • +12.5% Operating income = MNOK 1,529.3
  • +9.1% EBITDA = MNOK 335.5
  • +1 % Operating result (EBIT) = a profit of MNOK 123.9

Passenger Records For Fjord Line

By | 2019 Newsletter week 6 | No Comments

Fjord Line can look back on a record year with strong passenger growth in both Western Norway and Eastern Norway.

The largest growth in 2018 was the domestic route Stavanger-Bergen-Stavanger, with a 24% increase in the number of passengers (59,000).

Sandefjord-Strømstad also increased significantly – from 394,200 guests in 2017 to 458,900 in 2018. This corresponds to a growth of 16%.

Kristiansand-Hirtshals noted a total of 209,800 guests, an increase of around 4,000 passengers compared to 2017.

In total, the company carried 1,386,700 passengers in 2018, 8% more than in 2017.

“We already notice that the response from the market is good. We sail in the tailwind and expect that 2019 will be a new record year, ”says CEO Rickard Ternblom.

Fjord Line Is Not Allowed To Offer More Sailings

By | 2019 Newsletter week 5 | No Comments

Fjord Line is upset: the City Council of Sandefjord (Norway) has deprived the company of sailing times 07:00 and 13:30, as from next year. In practice, the decision means that Fjord Line will continue with the sailings they have today, departing Sandefjord 08:30 and 15:20.

Since the introduction of OSLOFJORD on the line between Sandefjord and Strømstad in 2014, Fjord Line says it was concerned about receiving an equal treatment (the competitor is Color Line).

Fjord Line has also requested the municipality to carry out upgrades in the port. Fjord Line guaranteed to cover all costs of the upgrade. Sandefjord declined the offer, without giving any justification, says Rickard Ternblom, CEO Fjord Line.

FERRY PORTS

By | 2018 Newsletter week 25 | No Comments

New Ferry Port In Sandefjord

Fjord Line has signed an agreement with paint manufacturer Jotun, for the use of the Vindal site as new terminal for in the port of Sandefjord, Norway. Vindal is an area on the “West Island” or “Vesterøy”. With a growth of 15% per year and the use of one or two ferries as from 2020, the company was looking for a port solution.

On the site, a terminal building, quays, parking spaces for private cars and trucks will be built. In and around a lot of attention will go to green areas. The port will also be available to other companies, such as competitor Color Line. The port will be organized as a separate company in the Fjord Line group. “Other shipping companies can purchase services of this port company on normal and transparent commercial terms,” says Fjord Line’s CEO Rickard Ternblom.

The new ferry harbour and terminal should be ready before 2025.

FERRY FINANCE

By | 2018 Newsletter week 22 | No Comments

Ferries And Ro-Ro Ships Are Strong Elements In Stena AB’s Q1

Stena AB has experienced a positive Q1 for the ferry division, and for the shipping division.
Ferry operations: EBITDA, excluding net gain on sale of assets, increased compared to last year due to continued positive volumes for cars (+7%), passengers (+6%) and freight (+3%).
Shipping: strong contract coverage and utilisation rate across the ro-ro fleet.

Fjord Line’s STAVANGERFJORD has successfully been converted by Fosen Yard

By | 2017 Newsletter week 50 | No Comments

Cruise ferry STAVANGERFJORD was redelivered to Fjord Line on Wednesday December 13 at 09:00, three hours before contract time, says Fosen.
The ship’s interior has been upgraded to almost yacht-like standards. Cabin and suite capacities have been increased on the top deck and a new winter garden restaurant was created aft.
The job was executed in six weeks as planned and the ferry will be ready to enter service from Bergen on December 14.

Photo: Winter Garden, Johan Engvik

Fjord Line again delivers strong performance in Q2

By | 2017 Newsletter week 35 | No Comments

With the Q2 report, Fjord Line confirmed the year-on-year growth trend.

The company increased revenues with 30% and EBITDA with 112%.

Passenger volumes were up by 13% and freight volumes up by 25%.

The routes Hirtshals (Denmark) – Langesund (Norway, southeast of Oslo) and Sandefjord (Norway) – Strømstad (Sweden) were responsible for a significant increase in freight volumes (respectively 37% and 39%). The same routes also saw an increase in passengers per crossing.

In Q2 the high-speed vessel FJORD CAT suffered some technical issues, with 3 weeks of cancellations. Result: the growth on the Hirtshals – Kristiansand route did not materialize.

Austal likely to get a Fjord Line order for a new high-speed catamaran

By | 2017 Newsletter week 34 | No Comments

By investing in new tonnage, Fjord Line would double the capacity on the route Kristiansand (Norway) – Hirtshals (Denmark).

The catamaran is going be built by Austal, says the Fjord Line press release. However, Austal said that it is still in discussions with Fjord Line.

The catamaran should be delivered in 2020. Travel time will be 2 hours and 15 minutes, with a top speed of 40 knots.
Capacity will be double, compared to the actual HSC FJORD CAT: 1,200 passengers, 410 cars.