CMAL To Purchase Three Shetland/Orkney Ferries

By 2018 Newsletter Week 18

A deal has been agreed for the three passenger ferries serving the Northern Isles to be purchased outright by Caledonian Maritime Assets Ltd (CMAL) with loan funding from the Scottish Government.

The HAMNAVOE, HROSSEY and HJALTLAND, which have previously been leased from Royal Bank of Scotland, will be taken into CMAL ownership.

Serco NorthLink Ferries will continue to operate the services until 31st October 2019 under the extended contract.

Photo: Northlink Ferries

INDUSTRY ASSOCIATIONS

By 2018 Newsletter Week 18

ProCargo Line, A New Ro-Ro Freight Company

The Grendi Group announced the birth of a new shipping company: ProCargo Line.
It is a company formed by Grendi, marine agency Vittorio Bogazzi and sons, the Port of Carrara and entrepreneur Euan Lonmon.

The route Carrara-Cagliari-Tunisia will be operated by ro-ro ALTINIA (1,150 lane meters).
The forecasts is for 200.000 tons of goods in the first 12 months.
Three categories of cargoes will be taken: rolling stock, containers and general cargo, such as large equipment, steel coils, marble pallets.

QUOTE OF THE WEEK

By 2018 Newsletter Week 18

“Despite a 20% increase in bunker prices through 2017, North European operators continued to post impressive financial results.”

Quote in the ro-ro section of the Annual Review 2018 published by the BRS Group.

A PDF version can be downloaded by clicking on the cover picture (14MB).

SHORT NEWS

By 2018 Newsletter Week 18
  • FRS Helgoland organised a festive namegiving ceremony for its new catamaran HALUNDER JET in Hamburg on April 27.
    The new high-speed craft was built by the Austal shipyard in the Philippines.
  • CECILIA PAYNE is the new name for JONATHAN SWIFT, the fast ferry which left Dublin bound for La Coruña. For almost two decades she was active on the Irish Ferries route between Dublin and Holyhead. She has been sold to Baleària for EUR 15.5 million.

FERRY FINANCE

By 2018 Newsletter Week 17

Scandlines Generated Record Performance In 2017 Based On Expanded Capacity

 Scandlines increased revenue and boosted profitability in 2017 in line with the expectations for the year as the group’s expanded capacity on the Rostock-Gedser route was leveraged and investments dampened following a substantial strengthening of fleet and infrastructure in prior years.

Total revenue grew by 4% to EUR 487 million (EUR 480 million) driven mainly by the continued positive development on the Rostock-Gedser route.

Traffic machine revenue from both routes grew by 6% to EUR 352 million (EUR 333 million) on the back of expanded capacity, intensified marketing efforts and particularly strong performance in the freight segment, which recorded 12% growth in traffic volume.

BorderShop revenue was stable at EUR 135 million (EUR 137 million).

Scandlines’ ferries completed more than 42,000 departures and transported a total of 7.6 million passengers, 1.8 million cars and more than 0.6 million freight units in 2017.

Tallink Grupp Published The Audited Annual Report Of The 2017 Financial Year

By 2018 Newsletter Week 17

The key highlights were the following:

  • All-time high annual passenger number and higher revenue
  • New LNG fast ferry MEGASTAR started shuttle service on the Tallinn – Helsinki route
  • New passenger terminal opened in Helsinki
  • Lower chartering revenues
  • Scheduled maintenance of five ships during the Q1 low season
  • Increased competition on the Tallinn – Helsinki route
  • Lower operating costs from the termination of the charter of fast ferry SUPERSTAR
  • Effects from the re-routing of vessels in December 2016
  • Renovated cruise ferry SILJA EUROPA returned to the Tallinn – Helsinki route
  • Two ships on the Riga – Stockholm route
  • Sale of two Superfast vessels in December 2017
  • Group-wide ship renovation programme continued

FERRY SHIPPING

By 2018 Newsletter Week 17

Fran Collins announced as new CEO for Red Funnel

Red Funnel announced the appointment of Fran Collins as its new CEO with effect from June 11, as Kevin George, the previous CEO, moves to be Red Funnel Group Chairman.

Fran joins Red Funnel from Condor Ferries where she has held the position of Executive Director – Operations for 4 years and prior to that was Ports and Guest Services Director.