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sandra

Mar 15
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ORGANISATIONS

By 2018 Newsletter week 11

Espo Pleads For A Strong Connecting Europe Facility To Support The EUR 48 Billion European Port Investment Needs

 

The European Sea Ports Organisation (ESPO) has submitted its contribution to the public consultation in preparation of the new Connecting Europe Facility (CEF II) for the financial period 2021-2028. To prepare its submission, ESPO commissioned a study to investigate the future investment needs of European ports, as well as the past ability of ports to benefit from the different EU financial instruments.

The study will be officially presented at the forthcoming ESPO conference “Investing in the port of tomorrow” taking place on 31 May and 1 June in Rotterdam.

We have the pleasure to welcoming Mr Eamonn O’reilly, Chairman of the ESPO, at the Ferry Shipping Summit. Mr O’Reilly has been serving as Chief Executive of the Dublin Port Company since 2010.

Mar 15
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IN THE MEDIA

By 2018 Newsletter week 11

Brodosplit Wants To Build Two Dry Docks

Brodosplit has asked geotechnical researcher Geotech to investigate how to build two dry docks in Split, Croatia.
The docks are primarily intended for the construction of new ships, and it is envisaged that there will be used for the construction of yachts, ferries and cruise ships.
One dock will be 200m long, the other one 100m. The latter should be covered with a roof.
Currently no shipyard in Croatia has dry docks for shipbuilding, except for some floating dry docks.
After the completion of the investigations, the necessary permits will be obtained. Construction will take up to three years.
Source: Jutarnji (in Croataian)

Mar 15
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SHORT NEWS

By 2018 Newsletter week 11
  • One of ferry operator CalMac’s longest serving vessels is retiring from west coast service. RAASAY served the Sconser to Raasay route for 21 years from her launch in 1976 until increased traffic from the island made her unsuitable. She was the last of eight ‘Island class’ ferries launched and is capable of carrying six cars and up to 75 passengers. RAASAY has now been handed back to owner Caledonian Maritime Assets Ltd (CMAL) who are expected to announce a buyer for the vessel shortly.
  • FRS-owned AL ANDALUS EXPRESS, former NORD PAS-DE-CALAIS, has been chartered to ARMAS. She is needed as a replacement for a number of drydockings.
  • Ro-pax ferry ANDREAS KALVOS from Zante Ferries has been sold to Kefalonian Lines.
  • Ro-pax IONIAN SKY, laid up since a very long time, has been sold at auction to a Cypriot company.
  • The Kiel – Oslo ferry COLOR MAGIC got fined because of a multiple breach of the sulphur regulations. The measurements were done in Denmark, on the Great Belt Bridge. Color Line does not agree with the fine (of NOK 600,000) and filed a complaint. Apparently technical issues were at the basis of the problem, like malfunctioning exhaust analysers and a lack of water intake due to obstructions caused by shells.
  • Irish Ferries’ JONATHAN SWIFT is to be renamed CECILIA PAYNE for Baleària. She will enter service on June 1, between Denia and Ibiza – Palma.
Mar 15
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FERRY FINANCE

By 2018 Newsletter week 11

Good results from ANEK affected by increase in bunker cost

Some key figures from ANEK Lines annual report:

Passengers +7% 1,040,000 (974,000)
Cars +9% 204,000(188,000)
Trucks +4% 139,000 (133,000)

Concerning financial results, during 2017 ANEK Group maintained its profitability for the third consecutive year. However, the increase in the average price of fuel resulted to the increase of operating cost and the reduction of EBIDTA, despite the increase of turnover.

Turnover € 164.7 million (€ 157.6 million)
Consolidated gross profit € 31.4 million (€ 41.1 million).
EBITDA € 12.8 million (€ 25.6 million)

Mar 15
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VIDEO

By 2018 Newsletter week 11

First of three Torghatten LNG ferries launched in Turkey

Watch the video of the launch of the first of a series of three LNG-electric ro-pax ferries under construction in the Turkish shipyard of Tersan.
The ships will be used on Halhjem-Sandvikvåg in Western Norway.
Torghatten Nord also has two other identical vessels being built at the Norwegian shipyard Vard Brevik. All are designed by Multi-Maritime.

Mar 08
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FERRY FINANCE

By 2018 Newsletter week 10

A Good Year For Color Line In 2017

Color Line AS, a company belonging to Color Group AS can look back on a successful 2017.

  • Operating revenue: NOK 4,968 million (4,896)
  • Operating profit before depreciation and charter leases: NOK 1,180 million (1,149)
  • Operating profit EBIT: NOK 630 million (616)
  • Net profit: NOK 372 million (426)
  • Number of passengers: 3,805,023 (3,850,947)
  • Number of freight units: 180,480 (175,680)

Color Group is expecting to record a profit in 2018 that is comparable to the figures reported in 2017.

As a reminder, the company entered last year into a contract with Ulstein for the construction of the world’s largest plug-in hybrid ro-pax for the Sandefjord-Strömstad route (spring 2019)

One more detail: interesting to know is also that 65% of the company’s estimated bunker costs for 2018 and approx. 30% for 2019 are secured by hedging.

Mar 08
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FERRY SHIPPING

By 2018 Newsletter week 10

Fincantieri To Lenghten Two Grimaldi Cruise Ferries

Fincantieri and the Grimaldi Group have signed a letter of intent for the lengthening of CRUISE ROMA and CRUISE BARCELONA.
The construction of the sections that will be inserted in the ships will begin in 2018, while the end of the operations is expected by the summer of 2019.
The work will be done on the Palermo site, which has a great experience in such jobs (MSC Cruises, Silversea…)
Their length will change from 225m to 254m. The lane meters will improve from 3,000 to 3,700. Passenger capacity will jump from 3,000 to 3,500.

Reducing environmental impact and energy savings will be achieved by scrubbers and a system of mega lithium batteries, to power the ship during port calls.

Photo: Mike Louagie

Mar 08
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Seven Electric Ferries For Fjord1…

By 2018 Newsletter week 10

Fjord1 has signed a contract for seven new ferries, on March 5. Five ferries will be built by Havyard Ship Technology, and two by the Cemre Shipyard in Turkey.
The Havyard site belongs to the Fjord1 group of companies, with the Sævik family as major shareholder in both companies. Havyard also delivers the design.
All ferries will be fully electric-powered.
The five Norwegian-built vessels will serve the “Nordmørspakken” (Kvanne-Rykkjem, and Edøya-Sandvika), and “Hordaland 1” (Fedje-Sevrøy, and Langevåg-Buavåg).
The two Turkish vessels will operate on Seivika-Tømmervåg.
The seven ferries will be delivered to Fjord1 in the autumn 2019, since the new concession for the different routes starts on 1 January 2020.