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%.

AS Tallink Grupp Statistics For June 2018 And Q2

By | 2018 Newsletter week 28 | No Comments

In June 2018 AS Tallink Grupp transported 989,445 passengers (+1.4%). The number of cargo units increased by 5.2% to 32,450 units and the number of passenger vehicles decreased by 0.4% to 122,921 units.

In Q2 AS Tallink Grupp transported 2,631,326 passengers (+1.7%). The number of transported cargo units increased by 10.1% to 101,072 units and the number of passenger vehicles increased by 0.5% to 311,340 units.

Highlights From The BC Ferries Annual Report

By | 2018 Newsletter week 25 | No Comments

BC Ferries published its annual report for the fiscal year 2018, which ends on 31 March 2018.

  • BC Ferries released its year-end results with consolidated net earnings of $59.9 million for fiscal 2018.
  • Highest passenger traffic levels in 20 years and the highest levels of vehicle traffic ever.
  • Focus on fare affordability. No increases to vehicle and passenger fares across almost all routes.
  • By the start of fiscal 2019 (April 1, 2018), the fares on almost all routes were reduced by 15%.
  • Due to current world fuel market conditions, the company will remove the fuel rebates currently in place on June 27, 2018.
  • BC Ferries provided over 174,000 sailings, 2,962 more round trips than required under the Coastal Ferry Services Contract and 1,190 more round trips compared to the prior year.

Clipper Group Annual Report: Danske Færger A/S

By | 2018 Newsletter week 23 | No Comments

Despite the positive commercial development of Danske Færger A/S, a 50/50 Joint venture with the Danish State, the operating result decreased in 2017. The main reason for the decrease is extraordinary reservations for closing the

Bornholm routes in August 2018.

  • Net result of DKK 124 million (DKK 44 million).
  • Passengers 4,465 million passengers (+4.3%) and 1,195 million cars (+6.3%)
  • The result is positively affected by the sale of HAMMERODDE to Stena RoRo during 2017.

With the closing of the Bornholm Routes in August 2018, Danske Færger A/S is expected to have a still positive result ranging around DKK 50 million in 2018.

Competition On Finland – Sweden Is Tough (Part 2)

By | 2018 Newsletter week 21 | No Comments

In its Q1 Business Review Viking Line describes the competition as tough. This will imply continued pressure on prices and volumes.
The company also expects higher bunker prices, and sees the exchange rate trend for the Swedish krona as a risk factor.

  • Consolidated sales €100.3 million (101.1 million)
  • Operating income €-13.5 million (-17.7 million)
  • Consolidated income before taxes €-16.1 million (-18.8 million)
  • Income after taxes €-12.9 million (-15.1 million)