- -53% pax, -14% cargo units
- -28% revenue, a reduction by €115m
- -48% EBITDA, but still positive
- -27% sailings, but maintaining the lifeline services to the islands without interruption
- Strategy: containing costs to safeguard the Group’s liquidity whilst maximising utilisation of Government support measures against the adverse impacts of the pandemic
- New investments in line with the group’s sustainability strategy enabled by its solid financial position: 3 passenger ferries to be built in Norway
In recent months, Grimaldi Group has proceeded to significantly strengthen its presence in Malta:
- Brexit: switching flag of ACL ships from UK to Malta (9 done, 1 to follow).
- Malta Motorways of the Sea Ltd (MMOS), a Grimaldi Group company, has recently strengthened its fleet with the purchase of two additional vessels: roro’s EUROCARGO CATANIA and EUROCARGO SICILIA. (total fleet MMOS = 6 ships – see the fleet here).
- MMOS runs a regular service from Genoa, Livorno, Salerno and Catania to Malta (and vice versa), under a Public Service Obligation contract with the Maltese Government.
- This April, Malta is due to be served with one of the brand new 12 GG5G-class roro’s.
- A second vessel of the same class will be deployed on the same route at the beginning of June.
Some sources revealed to Ferry Shipping News that the sale of the roro ship EUROCARO NAPOLI from Grimaldi Group to the start-up company Morocco Cruise Line (MCL.ma) failed. At least up to date.
The vessel in question recently sailed to Motril, port of delivery, but this week went back to Valencia and is likely to be introduced in Grimaldi Napoli’s network of routes unless the buyer decides to finalise the deal, paying the full price. A 10% account was already paid earlier this year.
MCL was expected to open two new lines: Tangier Med – Motril and Tangier Med – Sète.
EUROCARGO NAPOLI: 175m / 18.5 knots / 1,940 lane metres / cars 400
C.Ro Ports Zeebrugge has been granted a permit to expand the terminal in the Albert-II Dock. This means an expansion from 36.6 to 49.8 hectares.
In this terminal, non-UK CLdN ships are being handled (Ireland, Spain, Portugal, Denmark, Sweden)
According to the Greek Kathimerini Newspaper, the Greek government will include funding -through the country’s Recovery Fund Plan- for the reduction of CO2 emissions in coastal shipping. (€300 million)
- investments to reduce the CO2 footprint in passenger shipping
- capture and storage of carbon dioxide and adjacent technology
More than 50% of the funding, will be accompanied by the possibility of a similar loan facility and will be used for the (LNG) reengining of the most recent Greek ropax ferries.
Brittany Ferries retains a “significant” cash flow. “We are not in suspension of payments,” underlines president Jean-Marc Roué. But he mentions a need for equity “some 50 million euros”. He said the historic shareholder of Brittany Ferries, Sica de Saint-Pol-de-Léon, a cooperative of vegetable producers, is unable to recapitalize the business.
Prospective partners are public banks such as Bpifrance, the Caisse des Dépôts et Consignations or the Banque des Territoires. “However, the historic shareholders must retain the majority”, specifies Jean-Marc Roué.
The union says it has signed the long-term partial activity agreement, which is supposed to help the Breton company through this difficult period. According to the CGT, it should preserve permanent employment.
The leading employer of French sailors, Brittany Ferries employs 2,474 employees, including 1,600 seafarers (in full-time equivalents).
From Grimaldi To Finnlines
Grimaldi Group’s EUROCARGO SAVONA is on her way to the Baltic Sea, chartered by Finnlines for Rostock – Hanko.
Her arrival will allow Finnlines to add a vessel on the TransRussiaExpress service (Lübeck/Travemünde – (Kotka) – Saint Petersburg.
Fjordline’s Ropax OSLOFJORD Has Been Reflagged
Last year, Fjord Line announced its intention to change the flag from the Danish ship register DIS, to the Norwegian ship register NOR. The reason is that about 90% of the passengers are are Norwegians. (route: Sandefjord – Strömstad). The reflagging happened end of March.
Certification Trip For Alpha Lines’ HSC SPEED CAT 1
On April 2, 2 Alpha Lines’ (Vas. Agapitos) recent acquisition HSC SPEED CAT 1 had her trip of certification and acquaintance with the Saronic Gulf islands that she will serve. The vessel was purchased in September 2020 from the Croatian Adriatic Lines and she will be introduced on the Piraeus – Poros – Hydra – Spetses line on April 10, 2021.
Seaspeed Lines OLYMPUS Is Being Reactivated Within The Hellenic Coastal Shipping
On March 30, 2021 the Coastal Shipping Council of the Hellenic Ministry of Shipping decided that Seaspeed Ferries’ OLYMPUS will be introduced on the Piraeus-Sifnos-Milos-Santorini line (plus a weekly call at the small island of Thirassia).
The Japanese built ferry was laid up since September 2020 suffering engine failure that will be repaired before entering service.
Stena Line Boosts Frequency On Rosslare-Fishguard
Starting April 7, Stena Line is boosting the frequency of its sailings between Fishguard – Rosslare from 14 sailings to 24 every week.
With the easing of lockdown restrictions, and a hope that international tourist travel will resume shortly, Stena Line is anticipating a busy summer. The Fishguard – Rosslare route is particularly popular with tourists.
Second Double-Ender For Bluferries Launched In Greece
Bluferries, Italian shipping company controlled by Rete Ferroviaria Italiana (company part of Ferrovie dello Stato Italiane) and active on the two sides of the Strait of Messina, is soon to receive its second ferry from Greece.
A few days ago, the newly built ferry SIKANIA has been launched by Celt Navtecnica Maritime Services and is the sister-ship of the vessel TRINACRIA delivered in 2018 and built by Perama-based Megatechnica shipyard.
Ferrando & Massone of Genoa acted as broker of the deal which is worth EUR 18 million for the second unit.
Some particulars: 400 passengers, 150 cars or 23 trucks. Overall length 104m.