DFDS: Agreement Keeps Oslo Ferry Moving

By 2020 Newsletter week 38

The Metal Maritime union and DFDS have agreed on a negotiated solution for most employees on the two Oslo ferries. The agreement ensures that the ferries can continue to operate on this route, in spite of the Norwegian quarantine rules causing a decrease in passenger numbers. Regretfully, 26 servers will be redundant.

PHOTOS OF THE WEEK

By 2020 Newsletter week 38

Sunday 13 September. The meeting was the first between the two since STENA ESTRID left the shipyard in Weihai, China, last November. She is currently operating on the Belfast-Cairnryan route and STENA EDDA on the Belfast-Liverpool route.

In the beginning of 2021 their sister STENA EMBLA will join on the Liverpool route.

VIDEO

By 2020 Newsletter week 38

BC Ferries: What were the Fiscal 2020 results?

The first 50 weeks of fiscal 2020 were great, until the pandemic hit in the last 2 weeks of March. Hear CEO Mark Collins explain live.

FERRY SHIPPING

By 2020 Newsletter week 37

Stena RoRo’s E-Flexer GALICIA Delivered to Brittany Ferries – with Higher Passenger Capacity

GALICIA, the first of three ships in the E-Flexer class ordered by Brittany Ferries was delivered on September 3. The vessel is the third E-Flexer of nine ordered by Stena RoRo from the Chinese shipyard CMI Jinling (Weihai). The Galicia will be chartered by Brittany Ferries on a long-term basis and has been especially adapted to the wishes of the French ferry company:

  • The basic model car deck on Deck 7 has been converted to cabins. This, in combination with the deckhouse having been extended on both Decks 7 and 8, has enabled the number of cabins to be increased from 175 to 343.
  • Two scrubbers, one for each main engine
  • Two extra lifeboats added due to the ferry’s increased passenger capacity
  • The public spaces on Decks 7 and 8 have been partially given over to other functions compared to the basic model, but largely follow the E-Flexer standard.

“GALICIA is special because she is the first in the E-Flexer series to be delivered to an external customer,” says Per Westling, CEO for Stena RoRo. “The design has been adapted to Brittany Ferries’ special requirements and the yard has been able to deliver according to schedule despite the ongoing pandemic, which we are very happy about.”

Stena RoRo has an agreement with Brittany Ferries for long-term charters of two more vessels in the Stena E-Flexer series. Both will be powered by LNG, are under construction and will be delivered in 2022 and 2023, respectively.

International Charter Market and Bad Summer Affect Hellenic Coastal Shipping

By 2020 Newsletter week 37

The Hellenic Coastal Shipping ends the summer season with:

  • A reduction of EUR 300 million in turnover
  • An average of 40% reduction in passenger traffic
  • Disappointing forecasts for 2021.

Greek ferry operators have mainly pinned their hopes on August, which unfortunately did not materialise:  -40% to -50% traffic.

September is also expected to be a bad month, as there are no reservations.

Color Line Takes Action to Save Costs and Enhance Efficiency

By 2020 Newsletter week 37

Color Line will meet the challenging situation in connection with the pandemic with a comprehensive program for cost savings and efficiency. “The plans will secure jobs and future profitability,” says CEO Trond Kleivdal (photo).

Preliminary analyzes show a need to reduce costs by +/- NOK 300 million. This will lead to a reduction in the number of employees both on board and on land by approx. 300 man-years. In addition, measures will be taken to reduce other operating costs.

“Color Line plans to use as many voluntary schemes as possible in connection with the

downsizing,” says CEO Trond Kleivdal.

Color Group AS – Successful Placement of Perpetual Hybrid Bond Issue

By 2020 Newsletter week 37

Color Group AS has successfully completed a new subordinated perpetual hybrid bond issue of NOK 500 million with first call date in December 2024. Net proceeds from the new bond issue will be used for general corporate purposes.

Arctic Securities, Danske Bank, DNB Markets, Nordea and SEB acted as Joint Lead

Managers in connection with the placement of the new bond issue. An application will be made for the bonds to be listed on Oslo Børs.

In total, Color Group has approximately NOK 3 billion outstanding in the bond market.

Source: Oslo Stock Exchange 9 September 2020

First Estonian Hybrid Ferry Returns to Service

By 2020 Newsletter week 37

Customers of the Virtsu-Kuivastu line can now enjoy travelling on Estonia’s first hybrid passenger ship.

Ferry TÕLL has been retrofitted with battery packs at a cost of EUR 1.6 million.

This will reduce the consumption of MDO by 20%, a reduction of 1,600 tons of CO2 annually.

Jaak Kaabel, Chairman of the Management Board of TS Laevade said that his company aims to abandon fossil fuels. “This conversion is a big step and more ships will follow if the solution gives satisfaction.”

Retrofit: Baltic Workboats

Batteries and system: Corvus Energy, Norwegian Electrical Systems and a peak-shaving hybrid solution designed by LMG Marin.