Color Group AS acquires the remaining shares in ONS Ship Finance AS

By | 2024 Newsletter week 25 | No Comments

Color Group AS has agreed to purchase 61.4% of ONS Ship Finance AS from its parent company, O.N. Sunde AS, for NOK 400 million, based on an independent valuation.

This acquisition will be settled by offsetting intercompany balances.

Color Group AS, through Color Line AS, already owns 38.6% of ONS Ship Finance AS, thus becoming the sole owner of RoPax SuperSpeed 2.

Source: Euronext

Q4 Traffic of Passengers, Goods, and Mobile Units in Greek Ports

By | 2024 Newsletter week 25 | No Comments
  1. Passenger Traffic:
    • Total passenger traffic increased by 11.1% in Q4 2023 compared to Q4 2022.
    • A previous increase of 19.1% was recorded when comparing Q4 2022 to Q4 2021.
    • Domestic passengers saw an 11.7% increase in Q4 2023, while international passengers decreased by 1.4%.
  2. Goods Movement:
    • Total goods movement decreased by 1.1% in Q4 2023 compared to Q4 2022.
    • This follows a previous decrease of 4.4% from Q4 2021 to Q4 2022.
    • Domestic goods movement slightly decreased by 1.0% in Q4 2023, while international goods movement saw a minor decrease of 1.2%.
  3. Mobile Units Traffic:
    • Total traffic of mobile units increased by 6.8% in Q4 2023 compared to Q4 2022.
    • An increase of 8.5% was noted from Q4 2021 to Q4 2022.
    • Domestic mobile units traffic rose by 7.7%, while international mobile units traffic decreased by 3.6%.

Detailed Statistics:

  • Passenger Traffic:
    • Total in Q4 2023: 6,140,886 (11.1% increase from Q4 2022).
    • Domestic: 5,897,305 passengers (11.7% increase).
    • International: 243,581 passengers (1.4% decrease).
  • Goods Movement:
    • Total in Q4 2023: 35,705,132 tonnes (1.1% decrease from Q4 2022).
    • Domestic: 6,898,200 tonnes (1.0% decrease).
    • International: 28,806,932 tonnes (1.2% decrease).
      • Unloaded: 16,507,161 tonnes (5.5% decrease).
      • Loaded: 12,299,771 tonnes (5.2% increase).
  • Mobile Units Traffic:
    • Total in Q4 2023: 2,252,067 units (6.8% increase from Q4 2022).
    • Domestic: 2,085,883 units (7.7% increase).
    • International: 166,184 units (3.6% decrease).

For further details, the full report is available on the ELSTAT website.

IMAGE CARDS

By | 2024 Newsletter week 25 | No Comments

Godby Shipping’s RoRo Midas has been time-chartered by CMA CGM until December 2026.

Before, Midas will undergo class renewal docking in Turkey. After the dry dock, Midas will replace Mimer (photo) in the Caribbean.

Subsequently, Mimer will go for her class renewal docking and will then be available for new opportunities.

Godby Shipping estimates that the dry docking of both vessels will extend their lifespans by approximately 10 years.

Last week, DFDS took part in the opening of Milence’s third truck charging park in the Port of Antwerp-Bruges. This new facility, featuring ten powerful CCS chargers with a capacity of up to 400 kW each, supports 20 parking spaces for electric trucks. It is the largest charging park in Europe and the first in Belgium, providing significant support for DFDS’s position as Europe’s largest electric heavy-duty truck fleet operator.

Source: DFDS on Linkedin

Irish Ferries’ new Oscar Wilde started operating on Calais-Dover. The vessel is well-known on this route. She was the Spirit of Britain and operated for P&O Ferries since 2011.

Irish Ferries will have this vessel together with Isle of Inishmore and Isle of Inisheer on the English Channel.

Attica Group’s RoPax Superfast XI has been undergoing annual maintenance at the Perama repair zone since May 20, 2024. The popular red ship was also dry docked and is expected to return to her Adriatic service (Patras-Igoumenitsa-Ancona route) on June 30, 2024. She was built in Germany in 2002. Her carrying capacity is 1,820 passengers and 650 cars (1,920 lane meters). She can ply at 28 knots.

Photo: Kostas Papadopoulos

Salamis Lines’ RoRo Akritas is also at the Perama repair zone for her scheduled annual repairs and dry docking. The ship left her Lavrion (Greece) – Limassol (Cyprus) service on June 6 and is expected to return to service on June 22, 2024. She was built in Finland in 1982.

Photo: Dimitris Mendakis

DFDS to sell Oslo-Frederikshavn-Copenhagen route to Gotlandsbolaget

By | 2024 Newsletter week 24 | No Comments

DFDS has agreed to sell the Oslo-Frederikshavn-Copenhagen cruise ferry route to Gotlandsbolaget, with the sale expected to be completed in October 2024.

The Oslo-Frederikshavn-Copenhagen route

  • 700,000 passengers annually
  • Limited freight
  • Two cruise ferries: Pearl Seaways and Crown Seaways
  • 800 employees
  • Generated DKK 0.9bn in revenue in 2023, representing 3% of DFDS Group’s total revenue.
  • A long-standing part of DFDS since its foundation in 1866 and an important public service in Denmark and Norway.

The sale includes the two ferries, terminal and port agreements, and 800 employees, with DFDS providing certain support services post-sale for a limited time. The sale price is around DKK 400m.

The deal comes about a year after Gotlandsbolaget bought Birka Stockholm (now Birka Gotland) . It is for the Swedish company yet another step in the strategic direction to expand in passenger shipping.

The two vessels will not be reflagged in connection with the transaction and no layoffs are planned as part of the transfer of the route.

New Intermodal Route for DFDS: Connecting Finland, the UK, and the Continent

By | 2024 Newsletter week 24 | No Comments

DFDS launched a new intermodal route that connects Finland, the UK, and the Continent.

In partnership with TX Logistik AG and Wasaline, this innovative route combines ferry and rail transport for a seamless connection. The journey begins in Vaasa, Finland, continues by ferry to Umeå, Sweden, proceeds by rail to Gothenburg, and then reaches Immingham, Ghent, or Zeebrugge via DFDS Ferry.

With two weekly round trips and reliable capacity year-round, DFDS’ expert team manages all segments and customs documentation, making this route perfect for those looking to reduce costs and greenhouse gas emissions.

Source: DFDS Freight Ferries and Logistics on Linkedin

Danish shipyard secures order for an electric ferry for Torghatten

By | 2024 Newsletter week 24 | No Comments

Hvide Sande Shipyard in Denmark has secured the contract for a ferry, capable of carrying 30 cars and 149 passengers.

The ferry will operate for Torghatten on the Bellvik-Vengsøy and Musvær-Mjølvik-Risøy routes in the open sea northwest of Kvaløy, outside Tromsø.

The delivery date for the new build, number 158, is 31 March 2026.

Equipped with a nearly 4 megawatt-hour battery pack—four times larger than previous builds at the yard—the NSD 30CFc design is by The Norwegian Ship Design Company.

The hull is being constructed at Montex Shipyard in Poland, expected to be delivered in summer 2025, followed by outfitting in Denmark.

GNV declared total loss for LA SUPERBA – Now likely to be sold for scrap

By | 2024 Newsletter week 24 | No Comments

Grandi Navi Veloci’s ferry La Superba, which suffered a fire while docked at Palermo, Sicily, on 14 January 2023, has been declared a total loss and is likely to be sold for scrap in Turkey soon.

The insurance company Siat now owns the vessel after GNV declared it a constructive total loss. Initially, GNV aimed to have La Superba back in service by the summer of 2023, but the ship has remained inactive due to significant fire damage to the forward part of the vessel, including two decks in the garage, some cabins, and a public area.

La Superba was built by Nuovi Cantieri Apuania in Italy and, upon its entry into service in 2002, was the largest passenger ferry in the Mediterranean and one of the largest worldwide. The ferry can accommodate 2,920 passengers in 567 cabins and 940 seats, along with 1,000 cars in four garages, and has a total cargo capacity of 2,800 lane metres.

Photo: Vigil del Fuoco

DFDS May volumes: both freight and passenger continued to grow

By | 2024 Newsletter week 24 | No Comments

Ferry – freight:

  • Total volumes in May 2024 were 6.9% above 2023 and up 3.8% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023.
  • North Sea volumes were just below 2023 partly due to lower automotive volumes following temporary plant closures.
  • Mediterranean volumes were above 2023 driven by higher volumes on all routes.
  • Channel volumes were above 2023 and the Baltic Sea routes likewise continued to grow volumes.

For the last twelve months 2024-23, the total transported freight lane metres increased 1.6% to 40.0m from 39.3m in 2023-22. The increase was 0.3% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in May 2024 was 49.2% above 2023 and up 17.0% adjusted for addition of the Strait of Gibraltar routes. The increase was driven mainly by higher Channel volumes.
  • The number of cars were 34.7% above 2023 and up 13.0% adjusted for Strait of Gibraltar.

For the last twelve months 2024-23, the total number of passengers increased 23.7% to 5.3m compared to 4.3m for 2023-22. The increase was 9.2% adjusted for Strait of Gibraltar.

Key financial results for Virtu Maritime Ltd. Group in 2023

By | 2024 Newsletter week 24 | No Comments
  • Pre-tax Profit: €8 million (2022: €793,000 pre-tax loss)
  • Revenue: €53.9 million, up 28.7% from €41.9 million in 2022
    • Ferry Services: €45.6 million
    • Food and Beverage Sales: €1.5 million
    • Charter Hire and Related Income: €6.8 million
  • Cost of Sales: €36.6 million (up from €34.9 million in 2022)(mainly vessel operating expenses and employee benefit expenses)
  • Administrative Expenses: €6.2 million
  • Finance Costs: €3.2 million
  • Total Assets: €200.3 million (2022: €196.2 million)

Virtu Maritime anticipates continued profitability and cash generation in 2024​.

Annual Report

Estonia will announce the tender for the construction of the new Virtsu-Kuivastu ferry in September

By | 2024 Newsletter week 24 | No Comments

Riigilaevastik, Estonia’s state-owned maritime company, has announced plans to launch a procurement tender in September for the construction of a new ferry for the Virtsu-Kuivastu route.

The new ferry will incorporate advanced green technology, including hydrogen fuel cells and batteries, ensuring zero emissions. This vessel, which will be smaller than initially planned, is designed to accommodate up to 700 passengers and 200 vehicles, enhancing the efficiency of the current fleet.

The ferry is expected to start operations by October 2026.

Source: Riigilaevastik