FERRY PORTS

By | 2019 Newsletter week 15 | No Comments

Strong Year 2018 For Copenhagen Malmö Port

  • Turnover: SEK 908 million (SEK 839 million).
  • Operating income: SEK 110 million (SEK 78 million)
  • Profit: SEK 46.7 million (26.3 million)
  • CMP handled 15.1 million tonnes of freight compared with 15.5 million tonnes in 2017.
  • Decrease in volumes in the oil sector. Success story mainly due to cruise business.
  • Increase in ro-ro volumes: 298,000 handled units.

FINANCE

By | 2019 Newsletter week 15 | No Comments

Baleària Sees Important Growth On North-Africa Routes

+11% passengers: 4,320,000

+17% vehicles: 1,209,000

+5% turnover: €381,400,000

-14% EBITDA: €70,300,000

-37% net profit: €27,400,000

  • 22% of Baleària passengers = foreign market. On these international lines, passenger growth was 26% while sales exceeded 84 million euros (16% more). Half of the group’s passengers (2,277,000) travelled the lines connecting the Iberian Peninsula to northern Africa (Morocco, Algeria, Ceuta and Melilla); thus, northern Africa is the area where the company is growing the most.
  • 50% of business is cargo, with a growth of 3.3% (5,800,000 lane metres of goods carried).
  • Reasons for drop in EBITDA and net profit are the high cost of the implementation of the new routes on the Alboran Sea and around the Canary Islands, along with the increased bunker price.
  • Trend expected to remain steady this financial year while new traffic routes are consolidated and the planned ship engine refittings are completed as they are currently inactive.

FINANCE

By | 2019 Newsletter week 8 | No Comments

Fjord 1 Q4 Report: Business As Usual

Fjord 1 saw in Q4 an 11 % revenue growth due to start-up of new contracts in the ferry segment.

The company completed several additional dockings of its ferries, more than in 2017.

Fjord 1 saw a lower contribution from the tourist segment and associates.

  • +11% Revenue 772.1 MNOK (692.9)
  • -7% EBITDA 219.1 MNOK (234.3)
  • -23% EBIT 133.5 MNOK (173.4)
  • -13% Net Profit 117.5 MNOK (135.0)

Several new ferries have been delivered. Fjord 1 is continuing to invest in new eco-friendly ships and new contracts.

FINANCE

By | 2019 Newsletter week 7 | No Comments

Viking Line Group 2018 Results On A Par With Previous Year

  • Consolidated sales EUR 497.8 million (EUR 513.6)
  • Operating EUR 9.3 million (10.0)
  • Income after taxes EUR 5.5 million (5.3)
  • Passenger-related revenue was EUR 450.3 million (467,5)
  • Cargo revenue amounted to EUR 45.3 million (43.8)

Due to lower operating expenses compared to the previous year, consolidated income for 2018 improved somewhat despite lower sales.

FERRY FINANCE

By | 2018 Newsletter week 11 | No Comments

Good results from ANEK affected by increase in bunker cost

Some key figures from ANEK Lines annual report:

Passengers +7% 1,040,000 (974,000)
Cars +9% 204,000(188,000)
Trucks +4% 139,000 (133,000)

Concerning financial results, during 2017 ANEK Group maintained its profitability for the third consecutive year. However, the increase in the average price of fuel resulted to the increase of operating cost and the reduction of EBIDTA, despite the increase of turnover.

Turnover € 164.7 million (€ 157.6 million)
Consolidated gross profit € 31.4 million (€ 41.1 million).
EBITDA € 12.8 million (€ 25.6 million)

Spirit of Tasmania to invest in two new ro-pax vessels

By | 2017 Newsletter week 50 | No Comments

TT-Line Company Pty Ltd, operators of Spirit of Tasmania, will order two brand new purpose-built ships to replace the current fleet by 2021.
These two new ships will have a substantially larger capacity:

  • Passengers: from 1,400 to 2,000
  • Passenger vehicles lane meter: from 1,000 to 1,714
  • Freight lane meter: from 1,800 to 2,500

The order will be placed in the first half of next year. So far the yard has not been chosen yet.