FINANCE & FIGURES

By | 2019 Newsletter week 23 | No Comments

Seatruck Now Have Just Short Of 20% Of the Total Irish Sea Ro-Ro Market

Clipper Group a/s improved its operating profit (EBIT) in 2018. It’s ferry division did a very good job.

Seatruck Ferries recorded a volume growth of 7.5% in a market where total volumes grew by 2.7%. Seatruck Ferries now holds 19.9% of the total ro-ro market on the Irish Sea, where the company operates 3 routes between the UK and Ireland with close to 80 weekly sailings.

In 2018, Seatruck Ferries acquired 4 ro-ro vessels for a total consideration of USD 124 million. The company now owns all its 7 ro-ro vessels operating on the Irish Sea plus one additional ro-ro vessel, which is chartered out externally.

Seatruck Further Increase Capacity On Dublin-Liverpool Route

By | 2018 Newsletter week 37 | No Comments

Seatruck Ferries have increased capacity and sailing frequency on their Dublin to Liverpool route.

  • Capacity x2: CLIPPER RANGER (smallest vessel on the route) has been replaced by a larger P series vessel.
  • Additional Friday sailings: now 44 sailings per week.
  • Now 78 departures per week across 3 key routes on the Irish Sea = 20% of total Irish Sea roro freight volumes.

Seatruck Ferries believes in a switch to greater volumes of unaccompanied movements from ports.

  • Helps driver shortage.
  • Reduces road mileage compared with the more traditional transit through Wales or Scotland.

Warrenpoint-Heysham has just been increased by 30% with the introduction of the SEATRUCK PERFORMANCE and SEATRUCK PRECISION.

Photo: Seatruck Ferries Dublin terminal (courtesy Seatruck Ferries)

Larger vessels for Seatruck Ferries Warrenpoint – Heysham Service

By | 2018 Newsletter week 25 | No Comments

Seatruck Ferries will deploy larger ferries on the Warrenpoint – Heysham route.

The Seatruck owned SEATRUCK PRECISION and SEATRUCK PERFORMANCE will be the new ships. They are on charter to Stena Line since 2012, and are working on the Irish Sea routes from Belfast. The Flensburg built vessels will provide space for an extra 30 units per sailing due to their extra 4th deck. They will replace the three-deck shipsThe new ships will commence towards the end August / early September.Stena Line will have to introduce other tonnage as replacement.

Clipper Group Annual Report: Seatruck Ferries and ro-ro chartering activities

By | 2018 Newsletter week 23 | No Comments

The net result for 2017 is satisfactory despite EBIT going down compared to 2016. The reason for a lower EBIT relates to impairment loss, lower operating profit in the chartering activity from a reduction of two vessels and operational issues related to the lock in Liverpool.

  • Seatruck Ferries total freight volumes growing 6%
  • Seatruck Ferries now holds 19.6% (17.9%) of the ro-ro market on the Irish Sea.
  • Especially the routes out of Dublin have proven to be successful.
  • Operating result is expected to decrease slightly compared to 2017 because of a lower chartering result.

Unaccompanied Trailers Lead Irish Sea Freight Growth

By | 2018 Newsletter Week 17 | No Comments

On his LinkedIn page, Seatruck Ferries’ CEO Alistair Eagles wrote a summary on the publication of Volume 15 of the Irish Maritime Transport Economist by the IMDO.

2017 saw just a 1% increase in driver accompanied shipments where the driver travels with the ship. In contrast unaccompanied trailer shipments grew by 6%.

60.8% of total Irish Sea freight now moves on an unaccompanied basis.