Havyard Establishes Company for Hydrogen Power for Ships
Havyard’s complete hydrogen system for ships will be completed in 2021, and the group is now establishing a separate company to meet market demand for the solution, which will make it possible also for large ships to sail longer distances with zero emissions.
The Wilhelmsen led project, to construct the world’s first zero emission hydrogen vessels, has been awarded 219 million Norwegian kroner (MUSD 25) by the Norwegian government-owned organisation Enova.
Four Operators Interested in Trasmediterranea?
There might be at least four players interested in Compania Trasmediterranea, the Spanish ferry company part of Armas Group. The latter is in advanced talks with lenders and bond holders for receiving fresh capital and also renegotiating the terms of the bond due to expire in the next few years.
According to the Spanish media Ok Diario two Italian groups and the local shipping players Balearia and Boluda have shown their interest in the restructuring plan which is being studied by some advisor and investment funds.
The two Italian potentially interested groups are likely to be Grimaldi Group and Grandi Navi Veloci.
Ok Diario also revealed that the property of two ferries previously controlled by Armas Group has been transferred earlier this year to a pair of Luxembourg-based purpose-built companies and are likely to be as guarantee for a needed fresh money injection. Other four ro-pax ships in fleet were also transferred to a new Canary island-based company called Armas Trasmediterranea Factoring Sl last June.
Norway’s Hurtigruten announced it was the victim of a major IT hack. The ransomware attack has impacted several major systems.
Hostage Rescue Exercise
The Spanish Special Naval Warfare Force carried out an assault and hostage rescue exercise with the collaboration of the Baleària ferry SICILIA.
Wednesday, December 16, 2020
Source: Armada Defense
Algérie Ferries Showcases the New Ferry
For the first time Algérie Ferries show the interiors of their new ferry BADJI MOKHTAR 3, on their Facebook page.
BC Ferries’ fourth Island Class ferry launched early Thursday morning 17 December, entering the water at Damen Shipyards Galati in Romania.
ANEK LINES Q3 2020 Key Financial Figures
During the first nine months (2020), traffic volumes of the ANEK Group vessels dropped by 50% for passengers, by 44% for private cars and by 8% for freight units.
Respectively, in Q3 (2020) traffic volumes decreased by 48% in passengers, by 38% in private cars and by 6% in freight units.
First 9 months of 2020 in EUR ,000 (same period in 2019)
Consolidated profit before taxes: -7,685 (11,039)
Consolidated profit after taxes: -8,216 (10,120)
Consolidated profit before taxes: 4,916 (18,069)
Consolidated profit after taxes: 4,642 (17,540)
The second wave of the pandemic and the new restrictive measures in the movement of passengers are expected to lead to a decrease in traffic and revenue during the winter period 2020-2021 compared to the same period last year, while a gradual recovery of sizes is expected after Q1, 2021.
Decrease in revenue is mainly due to changes in contract portfolio.
Revenue: -17% (Q3) and -14.6% (YTD)
Norled ended 5 contracts at year end 2019 and started 4 new contracts 1 January 2020.
Increased EBITDA profitability is mainly due to changes in contract portfolio and net gain on sale of fixed assets. EBITDA: 12% (Q3) and 7.2% (YTD).
EBITDA profitability is affected by the Corona epidemic, mainly with reduced tourist related revenue in the expressboat segment.
Start of contracts on 1 January 2021:
Click image for report
A first draft copy of the Recovery Plan, which is ‘under construction’ and emerged earlier this week, revealed that some financial resources will be bound directly to the fleet renewal for ferries and more in general vessels deployed on the short sea routes in Italy.
Mainly those active on the routes with the small islands, in the Gulf of Naples (photo), in Sicily and also those deployed in the city of Venice.
The ro-pax fleet renovation is part of a series of measures aimed at modernizing and making shipping and transport more efficient in Italy. Cold ironing systems in the ports, railcars and trucks will also receive some funds under the same program.
“This plan has two main goals. The first is to boost the production and use of modern, environmentally sustainable ships, with relevant positive effects in terms of job creation and mobility” recently commented Vincenzo Petrone, chairman of shipbuilders’ association Assonave. “The second goal is to make up the deficit of investments needed to accelerate the ‘green’ transition of European ships to account for the challenging environmental protection objectives that Europe intends to achieve by 2030”.
