Ports Concerned Infrastructure Funding Won’t Be Sufficient
The British Ports Association has responded to this week’s government Port Infrastructure Fund allocations, warning that timescales are tight and that more funding is be needed to ensure adequate border infrastructure is ready in time.
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:
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