Corsican Ports: Monthly statistics July

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July is traditionally a busy month for the ferry passenger traffic from and to Corsica. Only August is even busier. July 2024 saw a slight increase of 0.4% of ferry passengers on last year’s July. Airlines saw a decline of almost 9%. 

More passengers, but less cars. 

 Ferry Pax: 735,188 (+0.4%) 

Airline Pax: 651,282 (-9%) 

Cars: 239,184 (-1.2%) 

 All details here: www.corse.developpement-durable.gouv.fr (in French) 

Two modern catamarans purchased by Jadrolinija

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Just a few weeks after the tragedy in Mali Lošinj, where three seafarers aboard the LASTOVO ferry lost their lives, Croatian shipping company Jadrolinija is launching an immediate plan to renew its fleet, which has an average age of 28 years. 

The Italian newspaper Il Piccolo reported that the shipping company’s general manager, David Sopta, revealed that two catamarans, built in 2023, have just been purchased for 11.4 million euros and will be added to the fleet from November. 

Constructed last year at Indonesia’s Cahaya Samudra Shipyard, the two fast ferries are 38 metres long, 10 metres wide, powered by 2,880-kilowatt engines, and capable of carrying up to 312 passengers each. 

The vessels, intended to be renamed CVIJETA and RUŽICA, are similar to the KATA and DANICA catamarans purchased by Jadrolinija in 2023, which were built at the same Indonesian shipyard. 

These acquisitions should allow the Croatian company to retire older vessels, such as the DUBRAVKA catamaran (photo Mike Louagie). 

MOBY CORSE sold and expected to be deployed on the Spain – Algeria routes

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Moby is advancing its fleet renovation plan with the sale of the ageing RoPax ferry MOBY CORSE. Sources familiar with the matter told Ferry Shipping News that the Onorato family-controlled company has recently signed a Memorandum of Agreement for the sale of the 1978-built vessel to a company with Croatian interests. 

The vessel is expected to be chartered out to a third company, with Nouris Elbahr Ferries possibly being the party involved, for deployment on a regular route between Spain and Algeria. (=unconfirmed!) 

The sale price is believed to be under €8 million. 

Built by the Danish shipyard Aalborg and delivered in 1978, the MOBY CORSE was purchased by Vincenzo Onorato in 2009 for approximately €7 million, to penetrate the Corsican market on the Toulon-Bastia route. The ferry is 153 metres long and has the capacity to carry 400 cars and 1,120 passengers. 

Felix Ketchup is now transported to Finland with 90 per cent fewer emissions

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Ketchup? 

Baltic Sea’s first green freight corridor, which involves reducing emissions by 90% in the transport of goods, such as Felix ketchup, has been started between Sweden and Finland. The initiative is a collaboration between Orkla Suomi, Scandic Trans, and Viking Line, using biofuel-powered lorries and ships. This sustainable transport route from Fågelmara, Sweden, to Turku, Finland, significantly cuts carbon dioxide emissions from 1,512 kg to 102 kg per shipment, contributing to Orkla’s goal of halving greenhouse gas emissions by 2030. 

The project highlights the use of hydrotreated vegetable oil (HVO) biofuel for lorries and liquefied biogas (LBG) for the maritime leg, showcasing how the transport industry can adopt greener technologies. Viking Line’s vessels, Viking Glory and Viking Grace, which primarily run on liquefied natural gas (LNG), were designed to accommodate future fuels like biofuel, further promoting sustainable logistics. 

The initiative serves as a model for reducing the environmental footprint of supply chains across the Nordic region and has garnered widespread interest, demonstrating the potential for large-scale adoption of biofuel in the transport sector. 

Source and more information: Viking Line 

IMAGE CARDS

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The Armas Trasmediterránea Group is adding RoPax vessel AL ANDALUS to its Canary Islands routes.  As of October 1, AL ANDALUS will sail between Las Palmas and Santa Cruz de Tenerife. 

 The former NORD PAS-DE-CALAIS has a capacity for 1,275 lane metres of cargo, 215 passengers and 150 vehicles. 

 Source: Armas Trasmediterránea Group 

Safety and security drills onboard ships are important as something unexpected may take place. Drills train the crew to respond to many incidents, ranging from firefighting to first aid, evacuation and oil spills.
Whenever an opportunity arises, ships’ drill with authorities, such as the Border Guard, police, and fire and rescue department.
Finnlines’ RoPax vessels FINNLADY and FINNSIRIUS trained with Finnish authorities at the end of August. 

 Source: Finnlines on Linkedin 

Corsica Linea marked the commencement of construction for its new LNG-powered vessel, CAPU ROSSU, with a ceremonial first steel cutting at the CMI Jinling shipyard in Weihai, China.  

Set to launch in 2026, this Stena RoRo E-Flexer will support the company’s goal of reducing CO2 emissions by 40% by 2030, furthering its commitment to environmental sustainability. 

Africa Morocco Link announced the launch of a new RoRo freight service, which started earlier this week. This daily service connects Tanger Med with Algeciras. 

The vessel is the 1989-built Rail RoRo Ferry KAUNAS

Source: AML on Linkedin 

Attica H1, 2024: +30% Revenue, ANEK impacts earnings

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Summary of the financial report for Attica Group for the first half of 2024: 

Revenue and Earnings: 

  • Group revenue increased by 29.9% to €317.2 million, compared to €244.3 million in the first half of 2023. 
  • EBITDA dropped to €19.5 million, from €47.5 million in the previous year. 
  • The Group reported a loss after taxes of €4.5 million, compared to earnings of €3.3 million in the first half of 2023. 
  • This period marked the first full semester integrating ANEK Lines following their merger in December 2023. 

Operational Costs: 

  • The Group faced a 9% increase in average fuel prices and additional costs related to emissions allowances under the EU Emissions Trading System. 

Asset Sales and Liquidity: 

  • Attica Group divested its stake in Africa Morocco Links (AML) and sold related vessels, generating a total gain of €22.8 million. 
  • Cash and cash equivalents increased to €157.8 million by June 30, 2024, from €103.4 million at the end of 2023. 
  • The Group fully repaid a €175 million bond loan in July 2024. 

Fleet and Traffic Volumes: 

  • The Group’s fleet consists of 42 vessels, with significant increases in passenger, private vehicle, and freight unit volumes compared to the first half of 2023. 
  • Passenger traffic grew by 16.7%, private vehicles by 26.6%, and freight units by 27.3%. 

Investments and Environmental Initiatives: 

  • The Group is investing in new methanol-ready and battery-ready vessels, with delivery expected in 2027. 
  • Continued expansion into the hospitality sector, including a €14 million investment in a hotel complex on Naxos Island. 

Outlook: 

The operational integration of ANEK is expected to complete by the end of 2024. 

Source: Attica Group 

DFDS August volumes: good high-season passenger month

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Ferry – freight:  

  • Total volumes in August 2024 were 7.4% above 2023 and up 4.4% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023. 
  • North Sea volumes were above 2023 following mixed activity levels across the route network. Mediterranean volumes were in August above 2023 driven by higher volumes on all routes. 
  • Channel volumes continued in August to be above 2023 as did volumes on the Baltic Sea routes. 
  • For the last twelve months 2024-23, the total transported freight lane metres increased 5.0% to 40.5m from 38.6m in 2023-22. The increase was 2.6% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure. 

Ferry – passenger:  

  • The number of passengers in August 2024 was 68.7% above 2023 and up 9.1% adjusted for the addition of the Strait of Gibraltar routes. The adjusted increase was driven by higher Channel volumes. The number of cars were 55.1% above 2023 and up 9.7% adjusted for Strait of Gibraltar. 
  • For the last twelve months 2024-23, the total number of passengers increased 41.3% to 6.2m compared to 4.4m for 2023-22. The increase was 7.6% adjusted for Strait of Gibraltar. 

Brittany Ferries: positive performance and positive outlook

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Almost at the end of the 2024 fiscal year (November 2023 – October 2024), Brittany Ferries reports a 6.5% increase in passenger numbers (1.93 million). This growth, recorded for the second consecutive year (+11.9% in 2023 compared to 2022), reinforces its return to growth and its confidence in the future. 

Introduction of New LNG/Electric Hybrid Ships 

  • 2025 will see the arrival of two new LNG/electric hybrid ships. 
  • The first, SAINT-MALO, will begin service in February 2025 on the Saint-Malo/Portsmouth route, replacing the BRETAGNE, which has been in service since 1989. 
  • The second ship, GUILLAUME DE NORMANDIE, will join in April 2025 on the Caen-Ouistreham/Portsmouth route, replacing the NORMANDIE, which has been in service since 1992. 

Positive 2024 Season Results 

  • Christophe Mathieu, CEO, highlighted the positive results of 2024, including increased passenger satisfaction, positive freight transport figures, and progress in environmental initiatives with the new hybrid ships. 

Caen-Ouistreham Route 

  • The Caen-Ouistreham/Portsmouth route, Brittany Ferries’ busiest, saw a 9.3% increase in passenger bookings in 2024, reaching 700,000 passengers. 
  • This follows a 14.2% increase in 2023 compared to 2022. 

Cherbourg Route 

  • Cherbourg, connecting Normandy to Poole, Portsmouth, and Rosslare, experienced a 4% increase in passengers, slightly below average due to the absence of fast ferry services. 
  • The Cherbourg/Rosslare route to Ireland saw a significant 28% increase, with 35,000 passengers. 

Saint-Malo Route 

  • Although the winter closure affects yearly comparisons, the Saint-Malo route showed a 12% increase in passengers during the spring and summer months (March to October). 

Roscoff Route 

  • Roscoff routes experienced a 12% growth in 2024, with 360,000 passengers. 
  • The Roscoff/Plymouth route showed the strongest growth, with an 18% increase, transporting 246,000 passengers, 37,000 more than in 2023. 

Freight Transport 

  • Freight transport accounts for nearly a fifth of Brittany Ferries’ revenue, with overall volumes up 4.3% in 2024. 
  • Roscoff/Plymouth freight increased by 52%, and Roscoff/Cork saw a 94% rise. 
  • Cross-Channel freight from Normandy ports grew by 3.7%, reaching 86,014 units. 

Photo: Benjamin Deroche 

New Economic and Financial Horizons for Brittany Ferries

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Brittany Ferries continues its recovery from the Brexit and Covid crises, with significant announcements marking the month. 

Repayment of loans granted by the Regions of Brittany and Normandy during the Covid Crisis and Status of the State-Guaranteed Loan (PGE) 

  • In October 2020, amidst the Covid pandemic, Brittany Ferries received repayable advances of €30 million from the Brittany region and €35 million from Normandy to support its operations. 
  • The company is set to fully repay Brittany on 23rd October and Normandy in early November 2024. 
  • Repayments for the State-Guaranteed Loan (PGE) began in December 2022, with over a quarter (€33.4 million) of the €117 million loan already repaid.  
  • Nearly €100 million will have been mobilised over two years to significantly reduce the company’s debt, reassuring partners of its swift recovery and future projects. 

Opening of Brittany Ferries’ capital to new Breton shareholders 

  • Post-Covid, the historic shareholders of Brittany Ferries decided to strengthen and open the company’s capital to new investors. 
  • In June 2023, CMA-CGM increased its capital share, reflecting the global shipping giant’s confidence in Brittany Ferries’ business model. 
  • In September 2024, eight new Breton companies joined as shareholders. 
  • These additions reinforce the company’s regional identity, with Breton cooperatives retaining a majority share of 75%. 

New Horizon for Condor Ferries with Brittany Ferries 

  • In 2019, Columbia Threadneedle Investment acquired a 72.28% stake in Condor Ferries, with Brittany Ferries supporting the acquisition. 
  • Condor Ferries, linking the UK and France to Jersey and Guernsey, suffered significant financial losses during the Covid crisis. 
  • Brittany Ferries has taken a 51% controlling interest in Condor Ferries, making it the majority shareholder. Approval from the Jersey Competition Regulatory Authority for the increase in ownership to 51% was received on Thursday 12 September 2024. 
  • Brittany Ferries will implement its successful management practices and strong values at Condor Ferries, focusing on social responsibility for seafarers and a commitment to maritime decarbonisation. 
  • From September 2024, Condor Ferries will embark on a new chapter, strengthening the connection between France and the UK and supporting the development of Jersey and Guernsey.