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sandra

Mar 29
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Færgen’s Best Result In The 150-Year Company History

By 2018 Newsletter Week 12&13

Denmark’s largest ferry company Færgen achieved its best annual result ever in 2017.
Some causes:
More travellers interested in the Danish islands.
Successful promotions for trips with Faergen to the Danish islands.
Increased volumes on the routes to Bornholm, Samsø, Fanø, Als, Funen, Langeland and Lolland.
The ferries on the routes Ystad-Rønne, Kalundborg-Samsø and Esbjerg-Fanø even achieved the highest traffic figures since the existence of the routes.
Growth in all other business areas: pedestrian tickets, car tickets and the sale of truck and bus tickets.

On 1 September 2018 Faergen is going to hand over the concession for the Bornholm route to Bornholmslinjen, who was able to win the public tender.
As a result, Faergen will relocate its headquarters from Rønne, Bornholm to Svendborg on the Danish island of Funen.

Some key figures:
Sales DKK 1.1 billion = +4.3%
Profit DKK 124 billion = +179.0%

Photo: Annette Timmermann / Færgen

Mar 29
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A Strong, Normal Year For Eckerö

By 2018 Newsletter Week 12&13

Ab Eckerö reached almost the same levels as in last year, which was a record year.
Operating profit was a strong €15.6 million (€19.0 million in 2016, which included €3.3 million from the sale of an asset).
Sales went down: € 233.2 million (€237.6 million)
Passengers went down because of the long docking of ro-pax ECKERÖ: 3.1 million pax
Freight 80,000 units, which is +18%
Challenges: the weakening of the Swedish krona and higher bunker prices.

Mar 29
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FERRY SHIPPING

By 2018 Newsletter Week 12&13

Damen Shipyards Group completes negotiations with the Romanian Government on the Mangalia shipyard

Negotiations between Damen Shipyards Group and the Romanian Government on the Mangalia shipyard were completed on March 21.
Currently Daewoo Shipbuilding & Marine Engineering (DSME) owns 51% of the shares in the yard. On November 10, 2017, Damen signed a share purchase agreement for the acquisition of DSME’s shareholding in DMHI, subject to the Romanian Government’s pre-emption right.
Following productive and conclusive negotiations on long-term strategic partnership with senior officials of the Romanian Government, the waiver of the pre-emption right is expected to be made public by the end of March. Subsequently, the successful completion of the transaction is expected shortly thereafter.

Photo: Scandlines

Mar 29
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New Owning Consortium For Scandlines

By 2018 Newsletter Week 12&13

Talking about a good deal: 3i announced net proceeds of €347 million from selling a part of Scandlines, but remains one of the co-owners.

3i Group plc announced that 3i and funds managed by 3i (together Eurofund V) have sold their investment in Scandlines for a total equity value of €1.7 billion in a transaction with funds managed by First State Investments (“First State”) and Hermes Investment Management, two long-term infrastructure investors representing predominantly European pension funds.

The new consortium formed by First State, Hermes Investment Management and 3i intend to support the further growth of Scandlines, including additional investment in green technology.

Hurtigruten AS is owned by Silk Bidco AS, whose main shareholder is the London-based investment company TDR Capital.

Photo: Scandlines

Mar 29
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Hurtigruten Will Have To Share The Norwegian Coastal Contract

By 2018 Newsletter Week 12&13

The Norwegian contract for the operation of the Bergen – Kirkeness coastal service has been announced. Hurtigruten will have to share it with Havila.
Eleven ships are needed for the eleven-day Bergen – Kirkeness – Bergen service. Hurtigruten will get 4+3 slots, and Havila 4.

No longer having a monopoly could be a good thing. For Hurtigruten it means they will be able to sail four ships in a more cruise-like concept. They will be able to drop the uninteresting ports of call, which they had to call at by virtue of their contract. It will allow for more and better excursions. It is a logic continuation of what Hurtigruten already started to change the last couple of years, with more focus on destination-driven activities and excursions.

For the customer the competition will probably mean lower prices.

For the environment it will be beneficial too, due to stricter requirements, with a 25% reduction in CO2 emissions. Therefore Hurtigruten will have to adapt some of the older ships.

Shipowner Per Sævik (Havila Holding AS) will now have to order four newbuildings for the subsidiary Havila Kystruten AS.

The new configuration starts on 1 January 2021.

Hurtigruten AS is owned by Silk Bidco AS, whose main shareholder is the London-based investment company TDR Capital.

Rendering: Havila Kystruten

Mar 29
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Wight Shipyard Co Wins Second Export Order With Two Fast Ferries For Mexico

By 2018 Newsletter Week 12&13

Export orders continue to advance Wight Shipyard Co’s reputation as a fast ferry builder with a multiple vessel contract from Mexico’s largest ferry operator.
Until now Ultramar has built all its high speed ferries in the United States and the order for two 37m ferries, is more positive news for the Isle of Wight shipyard following a highly successful 2017.

Mar 29
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Stena Joins A Unique Cooperation For Climate Smart Transport

By 2018 Newsletter Week 12&13

Electromobility for Shipping is the name of a new collaboration between six actors with the aim to increase the electrification of shipping.

It is the Swedish Shipowners´ Association, ABB Sweden AB, ABB Marine Oy, Stena AB, the research institute RISE and the battery company Northvolt who have decided to collaborate for a more sustainable future within shipping.

The organisations will jointly contribute to climate-smart shipping, international competitiveness and increased export opportunities for green technologies.

Mar 29
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DFDS To Take Passengers On Ro-Ro Service Between Belgium And Scotland

By 2018 Newsletter Week 12&13

From 15 May 2018, DFDS will offer individuals the opportunity to sail as passengers on the ro-ro ships between Zeebrugge and Rosyth. It has been possible to sail as a private passenger on the Ghent – Gothenburg route for many years.
With 32 hours at sea en route to or from Sweden, and 23 hours to or from Scotland, it is the ultimate in slow travel, and there is a market for this.