FERRY PORTS

By 2021 Newsletter week 18

DFDS Awarded Tender To Operate New Duty-Free Shop In Calais

DFDS has since 1 January 2021, in accordance with the new Brexit trade agreement, offered duty-free sales on board its four ropax routes connecting the UK and the EU.

Following a tender, DFDS has been awarded the right to operate a new duty-free shore-based shop in the Port of Calais. The 1,000 m2 shop is expected to open in October 2021.

In the Dunkirk port terminal, operated by DFDS, a shore-based duty-free shop of 700 m2 is expected to open in July 2021. Both shops will provide convenient access for cars.

It is expected that the new shops will attract new travellers for day trips to the Hauts-de- France region once travel restrictions are eased.

DFDS expects to replace CALAIS SEAWAYS with COTE D’OPALE this summer on the Dover-Calais route. The new ferry will feature a 1,100 m2 duty-free shop.

“Welcome Tallink Silja!” Says Port Of Ystad

By 2021 Newsletter week 18

In July, SILJA SYMPHONY will call Port of Ystad on a domestic cruise, combining Stockholm with Visby on the island of Gotland – and the scenic city of Ystad with surroundings. This is possible thanks to the investment in two new berths in the outer port, opened this year. The vessel will call berth no. 7 and passengers will participate in excursions or visit on their own.

SHORT NEWS

By 2021 Newsletter week 18

Finnish Flag For New VIKING GLORY

Viking Line’s new flagship, VIKING GLORY, which will launch service in early 2022 on the Turku–Åland–Stockholm route, will have a Finnish flag.

Recruitment work for the new vessel will begin soon, and recruitment will begin first among staff employed on the company’s other vessels.

T&T Express –Under Tow– Sinks En Route To Spain

The high speed catamaran T&T Express (IMO: 9172076) which was sold and en route from the Caribbean to its new owners in Spain, has reportedly sunk.

The Incat 046 sank 800 miles off the Azores while being towed to the other side of the Atlantic.

She had been acquired from Trinidad & Tobago by Transmapi, for the ferry services between Ibiza and Formentera.

CV Interilhas Acquires A Small Ferry From The MailBoat Company

CV Interilhas operates ferries between the Cape Verde islands. They have acquired FIESTA MAIL, a small ferry that was operating as “the Mail Boat” in the Bahamas.

The vessel has crossed the Atlantic and is in Lisbon for a complete overhaul at the Navalrocha shipyards. She is expected in Cape Verde later this month.

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FERRY EXTRA

By 2021 Newsletter week 17

Tallink Grupp Publishes 2021 First Quarter Financial Results

  • Net loss amounted to EUR 34.4 million (net loss of EUR 30.2 million in Q1 2020)
  • -65.3% Revenue EUR 53.7 million
  • EBITDA EUR -6.3 million (EUR -1.3 million)
  • Despite the significant drop in revenue in Q1, Tallink managed to avoid as significant a decline in EBITDA. This is the result of significant efforts in cost control, increasing efficiencies and also the various support measures the company has been able to utilise.
  • The company continues to maintain a strong liquidity buffer of EUR 96.4 million, combined in cash and unused credit lines.
  • In addition, the company also has EUR 90.0 million of undrawn part of a working capital loan from Nordic Investment Bank.
  • Major investments were all carried out in 2020, so the company expects the level of investments required for the rest of 2021 to remain low.
  • Number of Tallink Grupp’s shareholders has continued to grow in these challenging times, reaching a total of 25702 shareholders to date = shareholders’ faith and trust.

Viking Line Q1: Pandemic Continues To Dominate The Company’s Operations And Results

By 2021 Newsletter week 17
  • Sales amounted to EUR 24.6 M (EUR 75.0 M)
  • Other operating revenue was EUR 10.3 M (EUR 1.2 M).
  • Operating income totalled EUR -7.7 M (EUR -21.5 M).
  • Net financial items were EUR -1.3 M (EUR -1.9 M).
  • Income before taxes amounted to EUR -8.9 M (EUR -23.4 M).
  • Income after taxes totalled EUR -7.2 M (EUR -18.7 M).
  • The outlook for the financial year 2021 is unchanged. Uncertainty about regulatory requirements, state aid, the impact of vaccination programmes and related restrictions for passenger traffic, and market demand will affect Viking Line’s operations, results and financial position. It is too soon to quantify the impact on earnings since there is great uncertainty about the trend. As a result, no earnings forecast is provided for 2021.

Stena Had A Bad Year Too, But Freight Saves The Earnings

By 2021 Newsletter week 17

For the first time in Stena’s 80-year history, the company suffered an overall financial loss.

Thanks to important freight activities the company succeeded in generating a small positive EBITDA.

Stena AB figures

  • Total revenue 33,343 (37,142) SEK Million
  • EBITDA, excluding sale of assets 5,613 (8,527) SEK Million
  • Operating profit –1,791 (1,731) SEK Million
  • Profit before tax –4,858 (240) SEK Million

Stena Line

  • 31% share of total income (10,400 SEK Million)
  • Lockdowns and closed borders resulted in a 75% drop in the number of Stena Line passengers.
  • Stena Line want to be leader in green shipping. Today 40 per cent of Stena Line’s ships are connected to green power at seven terminals in Sweden, Germany and the Netherlands.
  • “Our priority project for the future is to build a fully electrically-powered ferry for our three-hour route between Göteborg and Fredrikshamn,” says CEO Dan Sten Olsson

Stena RoRo

  • 1% share of total income (500 SEK Million)
  • A further five E-Flexers will be built in China, commissioned by Stena RoRo, with delivery in 2021–2023.
  • Actual fleet: 4 RoRo and 7 RoPax ships

Grimaldi Lines To Start Belgium – Ireland

By 2021 Newsletter week 17

Grimaldi launches a twice-weekly feeder ro-ro service between Antwerp and Cork, as from the beginning of May.

Antwerp is Grimaldi’s main hub in the North of Europe.

Grimaldi Group has been operating in the Republic of Ireland for nearly 25 years with ConRo vessels, linking Cork to Northern Europe and the Mediterranean and, through transhipment in Antwerp to destinations in North and South America, West Africa and Russia.

Through its subsidiary Euromed Ireland Logistics Ltd (EMIL), the Grimaldi Group runs its fully equipped ro-ro/multipurpose terminal at Ringaskiddy (Cork).

The vessel deployed on the Antwerp-Cork service will be the Italian-flagged ro-ro unit EUROCARGO BARI (3,850 lane metres + 200 cars).

The Group plans to add capacity and frequency in the near future.