FINANCE

By | 2019 Newsletter week 21 | No Comments

In its trading update (year to date, 11 May 2019), Irish Continental Group notes healthy figures for ro-ro freight, but a little dip in tourism transport.

ICG’s Ferries Division Irish Ferries (1 January – 11 May)
-8.5% Cars
+6.6% Ro-Ro Freight

ICG’s Ferries Division Irish Ferries (1 January – 30 April)
-1.1% Total revenues (including intra-division charter income). The decrease was principally due to lower tourism volumes resulting from the planned suspension of fastcraft services on the Dublin to Holyhead route in the period up to 14 March compared to the prior year, partially offset through increased freight volumes.

The planned suspension of fastcraft sailings in the off-peak season was the primary reason for reduced tourism carrying in the period. In addition, the proposed withdrawal of the United Kingdom from the European Union had some negative impact on UK passenger bookings in the lead up to the proposed exit date of 29 March 2019.
The recent agreement between the Irish and British government to continue and formalise the Common Travel Area whatever the outcome of the UK withdrawal negotiations is a positive development, says ICG.

April Was A Bit Disappointing For AS Tallink Grupp

By | 2019 newsletter week 19 | No Comments

In April 2019, AS Tallink Grupp transported 779,113 passengers, which is a 1.3% decrease compared to April 2018.

For information: Last year the Easter weekend started in March, with Easter Sunday on the 1st of April. This year, Easter was on the 21st, with the whole Easter weekend in April.

The number of cargo units decreased by 2.3% to 32,386 units and the number of passenger vehicles decreased by 3.7% to 84,203 units.

Moby Charters The Two Siem Ro-Ro’s For Eight Years

By | 2019 Newsletter week 18 | No Comments

Moby in its last financial report also revealed that both the newly built ro-ro ships ALF POLLAK and MARIA GRAZIA ONORATO (owned by Siem and chartered out to F.lli Onorato Armatori) were bareboat chartered to Moby for 8 years.

The overall financial commitment for the entire chartering period is:

EUR 45,726,000 for ALF POLLAK (15,660/d)

EUR 45,494,000 for MARIA GRAZIA ONORATO (15,580/d)

Tallink’s Retail And Restaurant Sales Slip 2.3% To €524 Million

By | 2019 Newsletter week 10 | No Comments
  • Last year, Tallink Grupp saw unaudited revenue from restaurant and shops sales (including onshore) slide by 2.3% to €524.4 million as spend per passenger declined slightly.
  • The core retail and restaurant segment accounted for 55.2% of total Tallink Grupp revenue in 2018, in line with 2017 (55.5%).
  • Sweden-Finland is key route for generating duty free sales . Traffic fall of 2.5%. Reason is the BALTIC PRINCESS which was out of service for 68 days in Q1, for maintenance.
  • Estonia-Finland is busiest route (5.1 million pax). Increased competition = pressure on ticket prices. A new ferry has been ordered to join the MEGASTAR on the route in 2021.

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.

FINANCE

By | 2018 Newsletter week 49 | No Comments

Integration Of Hellenic Seaways In Attica Shows In The Results

Attica has published its nine-months results, with positive results.

+35,9% Revenue MEUR 293 (215)

+13,7% EBITDA MEUR 54 (48)

The important increase is generated mainly by the contribution of Hellenic Seaways, acquired earlier this year. The HSW figures are integrated in the Attica results since 1 June.

Attica says the increase in Group’s Revenue was largely offset by the continued fuel oil price increase by 17% compared to the nine-month period in 2017, which comes after a 33% rise in fuel prices exhibited for the nine-month period of 2017 compared to previous year.

FERRY FINANCE

By | 2018 Newsletter week 40 | No Comments

Positive Performance By ANEK Lines S.A.

Crete-based ANEK realises positive performance thanks to “more efficient ship and route management,” and to “passenger traffic growth.”

+ Passengers 368,000 (356,000) and Cars 62,000 (status quo)

– Freight 69,000

+ Turnover €72.9 million (65.3 million)

+ Revenue €66.9 million (58 million)

+ Consolidated gross results €8.4 million (0.4 million)

+ Profits €7.2 million (€-0.4 million)

+ EBITDA €1.6 million (€- 6.3 million)

In spite of increasing fuel prices, costs went down slightly.

Port Of Rostock: Strong Development In Ferry Traffic In First Half Of The Year

By | 2018 Newsletter week 30 | No Comments

Ferry and ro-ro are the best performing segments in the Port of Rostock.

  • Rostock’s half-year results show a drop in the amount of handled cargo (from 13 million tonnes to 12,2 million). In contrast, ro-ro cargo saw a 7% increase compared to the first half of 2017 (8.7 million tonnes).
  • The ferry and ro-ro goods accounted for 67% of overall handling. This strong growth was not enough to fully compensate for the losses in high-tonnage areas such as grain, coal and cement.
  • The number of ferry passengers carried to and from Northern Europe increased by 50,000, to 1.05 million.
  • Rostock overseas port recorded 2,905 calls by ferries or ro-ro vessels, on a total of 3,650 ship calls.
  • Accompanied trucks increased by 9% (210,098 in total)
  • Unaccompanied trucks decreased (-1%)

Port Of Santander Closes 2017 With A Benefit Of Almost €2 Million

By | 2018 Newsletter week 30 | No Comments

The Port Authority of Santander (APS = Autoridad Portuaria de Santander) closed the year 2017 with a profit of €1,9 million which represents an increase of more than 329% compared to the year before.

Interesting for the readers of Ferry Shipping News is the fact that the tonnage transported by ro-ro vessels increased by 11.2%, mainly due to the new ro-ro service by CldN. Faithful customer Brittany Ferries has also seen an increase by 13%.