All Posts By

sandra

Nov 08
Love0

FINANCE

By 2018 Newsletter week 45

Finnlines Continues To Be A Strong Performer

Finnlines doesn’t stop to impress by its excellent results.

First nine months:

+10.7% Revenue (EUR 447.9 million)

+7.1% EBITDA (EUR 129.0 million)

+10.9% Result (EUR 75.3 million)

Q3: Best ever Q3 result again

+9.4% Revenue (EUR 158.8 million)

-0.2% EBITDA (EUR 50.6 million)

+1.5% Result (EUR 33.0 million)

The Grimaldi Group has three modern and green ro-ro vessels on order, which will add up another 17,500 lane metres to their Finnlines services. They are expected to enter service in three to four years time.

Nov 08
Love0

Tallink Grupp’s Passenger Numbers And Cargo Units Increase, But Net Profit Is Down

By 2018 Newsletter week 45

Tallink Grupp has announced its unaudited financial results for Q3 and first nine months of 2018.

Q3

+1.2% passengers (2.9 million passengers)

+0.3% revenue (EUR 283.6 million)

-3.6% unaudited net profit (EUR 46.1 million)

Comment:

  • number of passengers travelling, and the number of cargo units transported increased in all the geographical segments, however:
  • higher fuel costs
  • decreased charter revenues two Superfast ferries have led to the slightly reduced profit compared to the same period in 2017.

Unaudited 9-month interim statement

+0.9% passengers (7.5 million passengers)

-7.9% net profit (EUR 41.8 million)

-1.5% unaudited revenue (EUR 723.2 million)

 

Comment:

  • June and July highest numbers of passengers ever for these months
  • Largest number of passengers on the Estonia-Finland routes.
  • Largest number of cargo units on the Estonia-Finland routes
  • The greatest increases in both passengers and cargo units transported, has taken place on the Latvia-Sweden route.
  • Significantly increased fuel prices
  • Lower charter revenues
  • Strong competition
  • Longer than planned docking of one of the vessels in Q1
Nov 08
Love0

INDUSTRY ASSOCIATIONS

By 2018 Newsletter week 45

IMO Adopted Action Plan To Address Marine Plastic Litter From Ships

IMO’s Marine Environment Protection Committee (MEPC) adopted on 26 October the action plan, to contribute to the global solution for preventing marine plastic litter entering the oceans through ship-based activities.

Nov 08
Love0

INTERESTING READS

By 2018 Newsletter week 45

UK Government Preparing For A ‘No Deal’ EU Exit

The UK government has prepared two guides if the country leaves the EU without an agreement on 29 March 2019: a guide for importing, and a guide for exporting.

A hard rexit means that UK businesses will have to apply customs, excise and VAT procedures to goods traded with the EU, in the same way that already applies for goods traded outside of the EU.

Trading partners in the EU will also have to apply customs, excise and VAT procedures to goods received from the UK, in the same way that they do for goods received from outside of the EU.

More can be found in these two guides:

Nov 08
Love0

TECHNOLOGY

By 2018 Newsletter week 45

Telenor Maritime Provide Wi-Fi, 3G And Backhaul Services To Brittany Ferries Ships

Telenor Maritime partner with Brittany Ferries and announces the introduction of the mobile ecosystem onboard their fleet of ferries, deploying a connectivity platform with Premium Wi-Fi, VSAT and Mobile Broadband Backhaul.

Additionally, HONFLEUR, the LNG-powered newbuild arriving in June 2019 is equipped with 3G services.

Digital services can be enabled supporting the complete digital value chain vastly enhancing the customer experience onboard.