FERRY FINANCE

By 2020 Newsletter week 29

Viking Line Has Reached An Agreement To Defer Loan Payments Worth 14.9m

Viking Line Abp has reached an agreement with Finnvera Abp and Finska Exportkredit Ab on a loan payment deferral for the period July 1, 2020 – February 1, 2021 totalling EUR 14.9 million.

Payments fall due by January 10, 2025 at the latest – in other words, at the time final payment is due. The deferred loan payments may be paid in advance, and the interest rate and maturity of the loan remain unchanged. The payment of dividends during the maturity of the loan is conditional upon payment of the loan payments for which a deferral has been granted.

This loan payment deferral strengthens Viking Lines Abp’s liquidity situation, which is satisfactory at present.

FERRY PORTS

By 2020 Newsletter week 29

Port Of Turku To Get Automooring System For Viking Line Ships

Cavotec’s MoorMaster arrived in Turku in early July. The vacuum-based automooring system will be installed at Viking Line’s berth by the end of the year and will be used by both VIKING GRACE and VIKING GLORY.

PHOTO OF THE WEEK

By 2020 Newsletter week 29

Emotional Moment: KING SEAWAYS Sails Again

Following the announcements from the UK government about the lifting of quarantine restrictions and the restart of travel to many other countries, DFDS is resuming sailings between Amsterdam and Newcastle.

As both ships were laid up in IJmuiden, the first departures took place on Wednesday 15 July from Ijmuiden (photo) and Thursday 16 July from Newcastle.

FERRY SHIPPING

By 2020 Newsletter week 28

Government Of Canada To Acquire Interim Replacement For The Ferry MADELEINE

Government of Canada has issued an Advance Contract Award Notice, signalling its intention to purchase the Trasmediterranea ropax ferry VILLA DE TEROR as an interim measure to replace the MADELEINE (former LEINSTER, 1981).

MADELEINE is 39 years old and is at the end of its service life, and last year the Government of Canada announced that Chantier Davie Canada Inc. will build a replacement vessel, which is expected to be ready in 2026.

However, an interim solution is required to ensure continued reliable, predictable, and safe ferry service to the residents of Îles-de-la-Madeleine. As a result, Transport Canada intends to purchase the VILLA DE TEROR to deliver the service during the summer of 2021 until 2026.

Once the purchase has been completed, Transport Canada intends to rename her MADELEINE II. When the permanent replacement built by Chantier Davie enters into service, the Government will sell the MADELEINE II.

Partnership Between Uber And Thames Clippers

By 2020 Newsletter week 28

Thames Clipper will be formally announcing a partnership with Uber later this summer 2020. The vessels are currently being repainted and the new name will be Uber Boat by Thames Clippers.

This is a partnership and there is no change in ownership for Thames Clippers

The partnership between Uber and Thames Clippers encourages more people to travel by boat around the city and supports the ongoing expansion of the river network across London

Uber users can purchase tickets in advance through the Uber app and then use QR technology to board the boats. The payment will be processed using the user’s Uber account details.

Passengers will continue to be able to purchase tickets via the existing Thames Clippers sales channels, including touching in and out with contactless or Oyster to pay as you go at the piers they serve across London.

New Charters And New Routes For Godby Ships

By 2020 Newsletter week 28

After having to lay up several ships, Godby Shipping announced new charters and deployments:

MISIDA to P&O Ferries, for Dublin-Liverpool, July-September

MIDAS to Wagenborg, for a new liner service Riga-Oxelösund. The main cargo is prefabricated construction elements for the Swedish building sector. (read Wagenborg’s press release)

MISANA and MISIDA have been chartered to Norwegian operator Sea-Cargo for delivery in August and October 2020. The contract is valid until end 2021 with options for Sea-Cargo to extend after that. The ships will be employed in Sea-Cargo liner service between Norway and continental Europe.

MISTRAL will start a new traffic in August. The charterer has asked to remain unnamed for the moment.

DFDS: Ferry Changes In The Baltic Sea

By 2020 Newsletter week 28

After her charter with Brittany Ferries the newly returned SIRENA SEAWAYS embarked on her first sailing on her new route between Paldiski – Kapellskär taking over from OPTIMA SEAWAYS that was repositioned to Klaipėda-Karlshamn.

SAILOR’s charter agreement will soon expire, as she goes to Tallink.

PATRIA SEAWAYS takes over SAILOR‘s schedule for the Paldiski-Hanko and Paldiski- Kapellskär routes, starting from Week 28.

Rene Pärt, Baltic Sales & Partnership Manager, says, “We are establishing ourselves in the Northern Baltic Sea region by changing both of our vessels in Estonia with bigger and better ones to continue servicing our wide customer base on Paldiski-Kapellskär.”

“The new setup provides more flexible tonnage opportunities for our freight customers on the Klaipėda-Karlshamn route and with PATRIA and SIRENA sailing from Paldiski, they will ensure an efficient mix of passenger and freight capacity in the Northern Baltic”.

(Source: DFDS News)

Austal Delivers First Of Two 118 Metre Trimarans To Fred. Olsen Express

By 2020 Newsletter week 28

Austal Australia has delivered Hull 394, BAJAMAR EXPRESS, to Fred. Olsen Express at a ceremony held at the Company’s shipyard in Henderson, Western Australia.

The 118 metre high-speed trimaran ferry is the first of two identical vessels ordered by Fred. Olsen Express in a EUR 126 million contract in October 2017.

The second vessel, Bañaderos Express (Austal Hull 395), is under construction at Austal Philippines shipyard in Balamban, Cebu, and is scheduled for delivery in the first half of 2021.

Austal Chief Operating Officer Patrick Gregg and Master Captain Cristobal Amador of Fred. Olsen Express, signing the handover documentation for BAJAMAR EXPRESS on 7 July 2020. (image: Austal)