All Posts By

sandra

Feb 14
Love0

Moby Ready To Pay EUR 50 Million To The Banks For The Loan Obtained In 2016

By 2019 Newsletter week 7

On 11 February, Moby Group has paid the pool of banks led by Unicredit, EUR 50 million, as an instalment of the loan of EUR 200 million granted in 2016.

Upon a request for a comment on that, the Milan-based group controlled by the Onorato family said that “as for the loan, all the instalments in the past and in the future have been and will be paid, and the same is going to happen for the one expiring this month.”

Some concerns circulated among the financial stakeholders in the last few days on that matter.

The Italian ferry group also confirmed that three bank transfers for a total amount of EUR 85 million has been made from CIN Tirrenia to Moby at the end of 2018 but not specifying the reasons behind.

Feb 14
Love0

TECHNOLOGY

By 2019 Newsletter week 7

Agreement Between Telespazio And Grimaldi For Satellite Communication Services

European spaceflight services company Telespazio and Grimaldi Group announced they have signed two contracts to strengthen the satellite communications capabilities of the Naples-based shipping group on its fleet of cargo and passenger ships.

Telespazio, a joint venture between Leonardo and Thales, said that the first agreement provides for managing on-board communications for ro-ro, multi-purpose and PCTC (Pure Car & Truck Carrier) vessels in the Grimaldi fleet that operate between Northern Europe, North and South America, West Africa, and the Mediterranean.

Telespazio will take care of the design and supply of on-board systems for satellite communications and related broadband services, including backup, on a multi-regional scale. These services will be provided via Telespazio’s global coverage platform operated by the Fucino Space Centre.

The second agreement covers renovating basic (voice and data) satellite telecommunication services for crew and passengers, on mixed cargo/passenger ships that the group currently operates in the Mediterranean, between Italy (including Sardinia and Sicily), Greece, Spain, Tunisia, Morocco, and Malta.

The overall value of both agreements signed between Telespazio and the Grimaldi Group is about EUR 5 million.

Feb 14
Love0

IN THE MEDIA

By 2019 Newsletter week 7

Eurotunnel Taking Department For Transport To Court Over Seaborne Freight Ferry Contract

Eurotunnel is starting a legal challenge against the Department for Transport over a decision to award contracts to three ferry companies, under no-deal Brexit plans.

The court appeal is the latest twist in the controversy surrounding the contracts.

At the weekend, the government announced it was scrapping a £13.8 million contract with Seaborne Freight to provide a service between Ramsgate and Ostend to ease pressure on other ports, such as Dover, in the event of a no-deal Brexit.

Eurotunnel says the contracts totalling EUR 108 million were awarded through a “secretive and flawed procurement process”.

Feb 14
Love0

Financial Investor Lars Windhorst Rescues Flensburg Shipyard

By 2019 Newsletter week 7

Financial investor Lars Windhorst has thrown out a lifeline to the German shipyard by acquiring the majority of FSG.

Windhorst’s Sapinda Holding B.V. took over 76% of the shares, said previous owner, the Norwegian company Siem.

Some EUR 33 million of fresh equity will also be put by Windhorst’s holding into the yard.

In addition, Siem has issued FSG ten million in arrears, which were converted into new shares.

According to its own statements, Siem wants to remain an active shareholder with a majority in FSG’s advisory board.

As late as January, the FSG had difficulties paying their salaries to shipyard employees, including 650 full-time employees. The parent company Siem Industries finally had to step in.

The order books of the FSG are filled until 2021. In total, there are orders for seven ships with a contract volume of one billion euros.

With agency material

Feb 14
Love0

SHORT NEWS

By 2019 Newsletter week 7
  • Ro-pax PAGLIA ORBA now has shore power connectivity.
  • It looks like the VILLA DE TEROR will be completed soon
  • ALCANTARA DOS will be the temporary Ciutadella – Alcudia route vessel after departure of NURA NOVA.
Feb 08
Love0

FERRY SHIPPING

By 2019 Newsletter week 6

DFDS’ Biggest Ro-Ro Ferry Ever Enters The Fleet

On 31 January Henrik Tidblad, Director of Fleet Management DFDS, concluded that the necessary documents had been exchanged and that the Jinling yard had safely received payment.

This means the first of six 6,700 lane metre ferries is soon ready to be deployed on the Turkey-Trieste route.

DFDS still has to announce her official name.

The entry of the first vessel in service will most probably create reshuffles on other routes.

On the picture: the entire DFDS team that handled the delivery. Front row, second from the left: Henrik Tidblad, Jesper Aagesen, Jens-Peter Baltsersen and Ole Færge. (source and photo DFDS News)