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sandra

May 02
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Moby’s Challenging 2018 Is A Prelude To Better Performances In 2019

By 2019 Newsletter week 18

The Moby Group closes 2018 with growth in combination with challenges.

  • The ferries transported half a million additional cargo, especially on the vessels of the CIN subsidiary.
  • Excellent performance in ‘Revenues from onboard services’, (+8.8%) mainly attributable to the cruise-ferry business in the Baltic, and on the Corsica and ‘Sardinia routes.
  • Revenue in line with previous year.
  • Increase in operational costs (bunker, new start-ups ).

Achille Onorato, CEO of the Group agrees that 2018 was not an easy year. However, entering new business areas and finalising investments will be beneficial as from Q1, 2019.

Revenues by region:

  • Sardinia down 3.3% (less pax, less freight)
  • Sicily up 14.7% (more pax, more freight, new Naples-Catania route)
  • Tuscan Archipelago down 1.2%
  • Corsica up 3.9% (more pax, more onboard sales)
  • Baltic up 12.9% (onboard revenue)

Figures (in € thousands)

  • Revenues 584,335 (586,164)
  • Operating profit -21,071 (68,414)
  • Profit before taxes -58,112 (26,840)
  • Profit for the year -62,683 (22,947)
May 02
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Stena AB’s ‘Restricted Group Data As Of December 31, 2018’

By 2019 Newsletter week 18

Ferry Operations

  • In December 2018 it was decided to close the route between Gdynia and Nynäshamn as from 1 January 2019.
  • As from September 2018 all technical and manning of all vessels within the Stena Line fleet is handled within Stena Line and the previous cooperation with Northern Marine has been resolved.
  • During 2018, a number of tonnage changes have been done throughout the whole fleet to prepare for the future and adapt to the customer needs.
  • +8.7% Revenue (ferry only)

Stena RoRo

  • In 2018, Stena RoRo sold STENA CARRIER and STENA FREIGHTER.
  • In 2018, Stena RoRo exercised four options at AVIC Weihai Shipyard. The company is now managing the construction of eight RoPax vessels ordered from the shipyard in China.

Stena AB highlights (in MSEK)

  • Revenue 21,824 (22,127)
  • Operational profit -2,340 (-869)
  • Profit before tax -3,372 (-2,062)
  • Profit for year -3,124 (-2,396)
May 02
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First Quarter For Viking Line Unchanged

By 2019 Newsletter week 18

Key figures Q1

  • -4.5% Sales EUR 95.8 million (100.3)
  • +5.8% Operating income EUR -14.2 million (-13.5)
  • -4.3% Income before taxes EUR -15.4 million (-16.1).
  • -4.7% Income after taxes EUR -12.3 million (-12.9).

Future prospects unchanged: Operating income for 2019 will remain on a par with 2018 or improve.

Traffic figures Q1

Remark: this year, the busy Easter period is not in Q1 but in April, Q2.

  • -7,8% passengers
  • -4.0% cars
  • +8.8% cargo
May 02
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IN THE MEDIA

By 2019 Newsletter week 18

UK Government Cancels Brexit Ferry Deals

The UK Department for Transport is cancelling contracts to provide extra ferry services after Brexit.
The government bought £89m worth of capacity from Brittany Ferries and DFDS.
Ending the contracts could cost the taxpayer more than £50m.
“We needed to be ready”, said Mr Grayling, the Transport Secretary. The cancelled contracts were part of a £4bn no-deal “insurance policy” the government had put in place.

May 02
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Calmac Ferry Contract Woes: ‘Getting Rid Of These Vessels Would Be A Godsend’

By 2019 Newsletter week 18

Ferguson Marine Engineering Ltd (FMEL) last month launched legal action against Caledonian Maritime Assets Ltd (CMAL) in a row over a £97 million contract to build two new dual-fuel ferries for the Clyde and Hebrides Ferry Service.
Both ships look set to be months behind schedule.

Central to the dispute is the cost of building the two new ferries.
FMEL claims that the operator has demanded hundreds of design changes.
CMAL insists the work is covered by the original contract.

May 02
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SHORT NEWS

By 2019 Newsletter week 18
  • The historic alliance between Fast Ferries and Golden Star Ferries is no more. Last year they acquired the HSC catamaran EXPRESS, in order to compete with SeaJets. However, they will now both go their own way. Who is going to have the catamaran will be known later on.
  • Red Kestrel is Red Funnel’s first freight-only roll-on-roll-off vessel to operate between Southampton and the Isle of Weight. The double-ender has been named in Southampton on 25 April.
  • Ferries and ships remained docked at Greek ports on 1 May, after the union of the Greek seamen PNO held a 24-hour strike. The union has published a long list of demands to justify the strike.