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sandra

Jul 04
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La Mériodionale: Now Hoping For The Two Remaining Ports, Focussing On The Next 10-Year Long DSP

By 2019 Newsletter week 27

Based in Ajaccio, the Corsican Assembly (L’Assemblée de Corse) is the unicameral legislative body of the territorial collectivity of Corsica. Last week, on 27 June, it took the decision concerning the attribution of the DSP (delegation of public service) for the five ferry lifelines between Marseille and Corsica.

  • The contracts for Bastia, Ajaccio and Ile Rousse have been given to Corsica Linea.
  • The tender for Propriano and Porto-Vecchio has been declared unsuccessful and needs another decision. A new tender procedure for these two smaller ports will be started imminently. Either La Mériodionale could get these, or Corsica Linea. In the latter case, Corsica Linea would have a monopoly position on the DSP.

So far, it means that La Meridionale does not have any DSP-subsidised route. That’s why they were on strike for several days. However, the strike ended as a possible partnership with Corsica Linea is in the making. The actual DSP starts in October, and is only for 15 months. It is a test to redefine the needs of the customers. The next DSP will be for a duration of 10 years. La Meridionale wants to make sure not jeopardise any chance of participating at this decade-long DSP, eventually by partnering up with the company with the red ferries.

Jul 04
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Victory For Fjord1 As It Is Being Awarded The Last Major Contract For The E39 Connection

By 2019 Newsletter week 27

The Norwegian Public Roads Administration has awarded Fjord1 contracts for operation of the ferry connection Halsa-Kanestraum.
The contract has a length of ten years, from 2021 to 2030.
Fjord1 says it got the contract because they were offering the best price.

This route across the Halsafjord was the ‘last big battle’ on the E-39 axis and is a very important victory for Fjord1.

Fully electric ferries are a part of the conditions. However, the company is allowed to use temporary vessels for a period of 12 months.
The total car capacity of the three main ferries will be 360 PBE (Person Bil Enhet = car equivalent unit). A spare vessel needs to have a minimum capacity of 80 PBE.

The Norwegian Public Roads Administration has undertaken to rebuild the quay facility before the start of the contract, a work that is planned to be implemented during the autumn.

The contract foresees an AutoPASS ticketing solution.

The construction of the ferries will be decided later.

The route is currently run by Fjord1, with RAUMA (1988, 73 cars), ROMSDAL (1988, 73 cars) and SVANØY (1992, 89 cars).

Jul 04
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After A Seven Year Layup, HSC ALKIONI Is Acquired By Cypriot Interests

By 2019 Newsletter week 27

After a seven-year laid up in Ambelakia (Salamis), the Japanese built HSC ALKYONI is reported to be sold to Cyprus-based Plaxiven Consulting Ltd.

The ship has already been renamed CAT 1 and there are plans to introduce her on the Sporades route.

ALKIONI was purchased by Antonis Lelakis in February 2006.

In 2007 she was chartered to the Egyptian Namma Shipping for the Safaga – Dhebba run and renamed SHIKRA.

In 2010 she was chartered to the My Ferries and renamed MYCAT.

However, that charter fell through and she was chartered to NEL LINES, which introduced her on the Sporades run until 2012.

Jul 04
Love1

Levante Ferries Confirmed The Purchase Of Ro-Pax KOPERNIK

By 2019 Newsletter week 27

Levante Ferries officially confirmed the purchase of the ro-pax KOPERNIK which was laid up at Neos Molos for more than two months.

The ship was sold for scrap to Turkey -by Unity Line- and arrived in Piraeus last April, in order to be renamed PERN and have her flag changed before continuing to Aliaga.

However, her excellent overall condition saved her the last minute and Levante Ferries is expected to introduce her on the Smyrni-Thessaloniki run.

Jul 04
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UCL Energy Institute Supports Leading International Banks To Promote Greener Global Shipping Through New Principles

By 2019 Newsletter week 27

11 major shipping banks, representing a bank loan portfolio to global shipping of approximately $100 billion will for the first time integrate climate considerations into lending decisions to incentivize maritime shipping’s decarbonization.

The Poseidon Principles are a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios consistent with the policies and ambitions of the Initial GHG Strategy adopted in April 2018 by member states of the IMO.

The Principles were developed in an effort spearheaded by global shipping banks – Citi, Societe Generale, and DNB – and leading industry players – A.P.Møller Mærsk, Cargill, Euronav, Lloyd’s Register and Watson Farley & Williams – with expert support provided by the Global Maritime Forum, Rocky Mountain Institute and University College London Energy Institute.

The Poseidon Principles establish a common baseline to quantitatively assess and disclose whether financial institutions’ lending portfolios are in line with adopted climate goals. In this way, they also serve as an important tool to manage critical investment risks.

Jul 04
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CSIC Does Not Intend To Acquire The Uljanik Group Shipyard

By 2019 Newsletter week 27

It was revealed that China Shipbuilding Industry Corporation (CSIC) will not acquire the ill-fated Uljanik Group.

The yard is in bankruptcy. There was some hope for a rescue by CSIC but that plan is not going to materialise.

Instead, CSIC intends to cooperate with the Zagreb-based Brodarski Institute, to carry out joint projects. Brodarski Institute is an institute of applied technical sciences in the fields of maritime and green technologies.

Recently CLdN cancelled two newbuilding contracts.

Jul 04
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FERRY FINANCE & FIGURES

By 2019 Newsletter week 27

Positive Passenger Trend Onboard Tallink Ferries

Tallink Grupp sets passenger record for the second month in a row and transports record number of passengers in June on the Estonia-Finland routes.

Trends for June 2019

  • +3% passengers
  • -1.6% cars
  • -2.3% c argo units

Trends for Q2

  • +0.8% passengers
  • -3.8% cars
  • -1.5% cargo units

There has been a drop in freight between Estonia and Sweden. On the positive side, the route between Latvia and Sweden improved considerably, at least for cargo, because passengers were less numerous. The four-day absence of a vessel probably explains a lot.

Jul 04
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Fjord Line’s Board Of Directors Finds The Profit Development Satisfactory And Expects Further Improvement In 2019

By 2019 Newsletter week 27

Compared with 2017 total revenues grew with a healthy 13% to MNOK 1,529.3 which again is a record for the Group. All business areas in the company contributed to this growth where both volumes and average rates increased across the board.

Passenger operations on Sandefjord-Strömstad developed especially strong following a refurbishment of the retail unit onboard OSLOFJORD.

After a troublesome season in 2017, Fjord Line recorded a sailing season without incidents on the route Kristiansand-Hirtshals.

Following the extensive docking program for sister vessels STAVANGERFJORD and BERGENSFJORD, the capacity increase realised through the addition of 64 new cabins and 114 further seats, lead to record volumes during July on Bergen-Hirtshals route.

Key figures

  • +8.4% Passengers
  • +7.8% Cars
  • +1.5% Freight
  • +12.5% Operating income = MNOK 1,529.3
  • +9.1% EBITDA = MNOK 335.5
  • +1 % Operating result (EBIT) = a profit of MNOK 123.9
Jul 04
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New CFO For DFDS

By 2019 Newsletter week 27

Karina Deacon has been appointed new CFO for the DFDS Group starting on 1 January 2020. She replaces Torben Carlsen as CFO following his appointment to President & CEO from 1 May 2019. She will join Torben Carlsen in the Group’s Executive Board and be part of the Executive Team.

Karina Deacon (50) has extensive strategic and financial management experience from positions with several large, international companies. She holds a Master of Business Administration & Auditing and has gained experience with various management, finance and accounting roles at PWC and ISS and positions as Group CFO from Landic Property, Saxo Bank and most recently Nilfisk.