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sandra

Apr 29
Love2

Positive Liquidity For Color Line

By 2021 Newsletter week 17
  • Color Group has in April 2021 received a firm offer in the amount of NOK 150 million from the state guaranteed loan scheme through DNB Bank and GIEK.
  • 3-year loan with installments commencing after one year.
  • Color Group has also through March and April 2021, realized gains for most of
    the remaining future hedged bunker fuel contracts with a total positive cash
    effect of approximately NOK 65 million.
  • Color Group AS has successfully completed a NOK 300 million tap of its perpetual hybrid bond with ISIN NO 0010893340 at a price of 101% of nominal amount. The tap issue was substantially oversubscribed. Net proceeds from the new bond issue will be used for general corporate purposes.

Together with the previously announced NOK 150 million loan facility from the
state guaranteed loan scheme through DNB Bank and GIEK and approximately NOK 65 million from realization of bunker hedges this sums up to a positive liquidity effect of NOK 515m for Color Group AS.

Apr 29
Love2

Port of Piraeus PPA S.A.: Financial results 2020

By 2021 Newsletter week 17

Port of Piraeus PPA S.A.: Financial results 2020

At the recent annual briefing of PPA S.A. to the Hellenic Fund and Asset Management Association regarding the results of Piraeus Port Authority S.A. (PPA S.A.) for the year 2020 it was underlined that:

  • the Company proceeded with contracting of investments amounting to € 211.7 million
  • the turnover amounted to € 132.9 million
  • the profit before taxes amounted to € 36.9 million
  • and profits after taxes amounted to € 26.4 million.
Apr 29
Love2

ThPA S.A.: Financial Results 2020

By 2021 Newsletter week 17

On April 21st, 2021, the Board of Directors of Thessaloniki Port Authority S.A. approved the 2020 Annual Financial Report for the Fiscal Year 2020 financial results and activity of the port resulting in increased revenue and profit.

More specifically:

  • The total revenue increased by 4% (€ 71.7m) mainly due to the results at the Container Terminal.
  • Revenue increased by 11.3% (€ 49,7m)
  • The Conventional Cargo Terminal results decreased in total volumes by 16.3% while the Conventional Port revenues reduced by 9.3%.
  • Gross Profit increased by 5.3% (€ 33.9m)
  • Net Profit after tax increased by 22.1% (€ 20.10m).
Apr 29
Love3

Rederi AB Gotland Starts Technology Company ‘Gotland Tech Development’

By 2021 Newsletter week 17

Rederi AB Gotland starts a technology development company called Gotland Tech Development. The new company will drive the development towards more sustainable technology solutions and a maritime transport system without carbon dioxide emissions. The company aims to work partner-based with a focus on new technology development for maritime industries but will also look at broader collaborations in the transport, energy and fuel areas.

Apr 29
Love4

TSM’s MIDSLAND Sold To Greece

By 2021 Newsletter week 17
  • On April 19, Terschellinger Stoomboot Maatschappij (TSM)’ ferry MIDSLAND was officially transferred to her new Greek Owners (Atlantides Group).The small ferry from 1974 left the Dutch port of Harlingen on April 24 and currently is on her way to Greece.

    She will probably serve on the Piraeus – Saronic Gulf Islands.

Apr 29
Love2

Ferry Firm FRS Launches Brand New River Tour Excursions in Lisbon

By 2021 Newsletter week 17
  • Daily panoramic tours on the Tagus River in Portugal’s capital city begin May 15th
  • FRS won a 5-year tender from the tourism organization “Associação de Turismo de Lisboa” (ATL) to operate one of eight ticket offices at a new pier on the Tagus River, located in the heart of Lisbon.
  • FRS’ latest subsidiary, FRS Portugal, will offer guests up to four daily round-trip river tours including a special “Sunset Cruise”.
Apr 29
Love2

VIDEO

By 2021 Newsletter week 17

Successful Launch For Eco-Sustainable Hybrid Ro-Ro Vessel FINNECO I 

An important milestone in Finnlines’ EUR 0.5 billion green Newbuilding Programme has been reached as the first vessel in the three ro-ro vessels series was launched at the Nanjing Jinling Shipyard on 26 April 2021.

FINNECO I will be heading on the Finnlines’ Biscay–North Sea–Baltic Sea service at the turn of the year. Respectively the second and third vessel in the series, FINNECO II and FINNECO III, will be delivered in 2022.

  • Length: 238m
  • Breadth: 34m
  • DWT metric tons: 17,400
  • Cargo capacity: 5,800 lane metres & 5,800m2 of car decks & about 520 TEU on weather deck
  • Flexible for all type of ro-ro cargo
  • Highest Finnish / Swedish ice class 1A Super