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2017 Newsletter week 39

Sep 28
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Reshuffle and extra capacity for Stena Line on the North Sea in January 

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This week Stena Line announced their plans to increase capacity on the route Hoek van Holland – Killingholme in January 2018.  

Earlier this year Stena Line already revealed the intention to replace the two ships CAPUCINE and SEVERINE on Europoort – Harwich by two larger ro-ro vessels, also in January 2018. They will be replaced by MISIDA and MISANA, when their present charter contracts expire in January 2018. The overall freight capacity of the route will hereby increase by some 20%. 

Chartered CAROLINE RUSS, currently operating together with STENA SCOTIA on Europoort – Killingholme, will be replaced by an undisclosed ship. 

Stena Line will furthermore reposition the ro-ro ships on the Europoort routes to further optimize the available capacity.  

The changes coincide with the expected completion of a second berth in Europoort. The capacity expansion is also linked to Europoort developing as an important rail freight connection point to and from the UK. 

Photo: PH Sjöström / Godby Shipping 

Sep 28
0

Good earnings performance for Color Group in first semester 

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Driven by good customer values, cost-effective operations and low bunkers costs the Color Group has been able to come up with strong H1 results. 

 Colour Group H1 Results 2017 

  • Total number of passengers: 1,663,468 (1,670,821)  
  • Total number of 12m equivalent freight units: 89,715 (89,289) 
  • Total operating revenues of NOK 2,123 million (NOK 2,094 million). 
  • Operating expenses: status quo with NOK 1,806 million. 
  • The company is experiencing a positive trend for revenue per guest.  
  • About 70% of estimated bunkers consumption in 2017 is secured. Approximately 65% of the company’s estimated bunkers consumption for 2018, and 30% for the year after have been secured at attractive levels. 
  • Operating profit (EBIT) was NOK 50 million (NOK 20 million). 
  • Profit before tax expense was NOK – 79 million (- NOK 21 million). 
  • The total result was NOK – 114 million (NOK 67 million) 

Photo: Color Line 

Read full report here (in Norwegian)
Sep 28
0

Higher operating costs affect ANEK’s improved performance 

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Following the previous two profitable years, ANEK Group maintained its profitability and displayed important improvement of its net results in the first semester of 2017. 

With 7% more crossings, ANEK saw in the first half of the year an increase of all categories: passengers 356,000 (339,000), cars 62,000 (56,000) and trucks 70,000 (67,000). 

The ferries operate on the Adriatic, Crete, Dodecanese and Cyclades. 

The average price of fuel was 50% higher, resulting in a higher operating cost and an EBITDA with a loss. However, lower financial cost, financial income and positive investment results, lead to the improvement of net results and the enhancement of the Group’s equity.  

  • Turnover: 65.3 million (65.0 million) 
  • Consolidated gross results: 0.4 million (11.2 million) 
  • EBITDA:  -6.3 million (4.9 million) 

Photo ©Mike Louagie 

Full report here
Sep 28
0

New rail service from Trieste connecting with P&O Ferries’ continental hub at Zeebrugge 

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A new rail service from the Italian port of Trieste to and from its Zeebrugge hub has commenced this month, says P&O Ferries. The twice-weekly service is a new Ekol block train that is operated by Hupac and is expected to carry around 5,000 shipments per year from Trieste’s EMT terminal. 

It will be the first direct train that will connect Turkey, Iran and the Middle East with the Benelux countries and all the UK, in a totally green mode, without using a single driver. 

Janette Bell, MD P&O Ferries, said: ” We expanded our operation at Zeebrugge last year so that we now have capacity to ship 700,000 units per year and can continue to grow.” P&O Ferries has 98 sailings across the North Sea every week – to the ports of Tilbury, Hull and Teesport. 

P&O Ferries has reported that rail volumes at its continental hubs in Zeebrugge and Europoort grew by 14 per cent in the first half of 2017. Its operation at Zeebrugge already has connecting rail services to Segrate, Busto and Novara in Italy and Oradea in Romania. 

Photo: P&O Ferries 

Sep 28
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FINNTIDE arrived in Poland for lengthening 

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With the arrival of FINNTIDE in Gdansk, Finnlines has entered another phase in its Energy Efficiency and Emission Reduction Investment Programme. Four of its “Breeze series” vessels (FINNSKY, FINNSUN, FINNTIDE, FINNWAVE) will be lengthened by 30m by the Remontowa S.A. shipyard, adding 1,000 lane meters. The yard is committed to perform this €70 million work in less than two months for each vessel. The whole lengthening programme will be completed in May 2018. 

The 30% capacity increase will considerably reduce the energy consumption per transported unit, compared to the original vessel.  

Photo: Finnlines 

Sep 28
0

Corsica Ferries to link France and Mallorca twice a week 

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Pierre Mattei, CEO of Corsica Ferries, announced via his Twitter account that, twice a week a vessel will offer a crossing between Toulon (mainland France) and Alcudia, a port on the northeastern side of the Balearic island of Mallorca. 

The day/night service starts in April. The new line is made possible by the introduction of the PASCAL LOTTA, 13th ship in the fleet. With its large capacity it allowed a fleet reshuffle.  

Photo ©Mike Louagie 

Sep 28
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New Minister-President takes the ferry for his first foreign visit 

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Daniel Günther, the new minister-president of Schleswig-Holstein, has had a meeting with Scandlines’ CEO Søren Poulsgaard Jensen on board the hybrid ferry SCHLESWIG-HOLSTEIN (26 September). He started his first trip abroad, to Denmark, via the route Puttgarden-Rødby. Among the topics discussed were the Green Agenda of Scandlines and the challenges facing the ferry company in view of the planning of the fixed Fehmarnbelt link. 

Photo: Scandlines 

Sep 28
0

Moby’s chief financial officer to resign before the approval of the interim report 

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After 10 years within Onorato Armatori Group, CFO Marco Bariletti decided ‘to follow a new professional path.’ In a release issued by the Luxemburg Stock Exchange, the company says the resignation shall be effective the day before the approval of the interim report on 30 September. Why Bariletti resigns is unknown.

Highlights from the 1H report:

  • Visentini ro-pax DIMONIOS was sold to Trasmediterranea with a €10 million capital gain. 
  • Two veteran ferries have been sold: MOBY BABY (June, €0.5m) and MOBY LOVE (September, €1.0m). Both were sold to Greek Portucalence Shipping Co. 
  • Number of crossings in the Med: 18,200 (+5% 1H 2016) 
  • Number of passengers in the Med: +1% (in total: 6.5 million pax) 
  • Number of transported lane meters: +13% (in total: 7.1m lane meters) 
  • The Group reported €238,8m revenues (+10%).  
  • EBITDA was €25.2m, thanks to the 2Q 2017 results which show a recovery in sales versus 2Q 2016 coupled with the capital gain on the DIMONIOS deal. 
  • Net Secured Debt reported is € 447.1m, with €219.2 m of cash and cash equivalents (versus €114.1m as of March 31st 2017). 

Photo: MOBY LOVE in Genoa ©Mike Louagie 

Link to the Luxemburg Stock Exchange / Moby
Sep 28
0

Madrid charters three overnight ferries

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The Spanish Government chartered three large ferries to accommodate security forces in preparation of the so-called illegal Catalonian referendum on Sunday October 1.  

More than 5,000 police officers will stay in the floating hotels until October 5. 

GNV RHAPSODY and MOBY DADA have been berthed in Barcelona. 

GNV AZZURRA is in the port of Tarragona. 

The idea was to put MOBY DADA in Palamós, a well-known small cruise port, but berthing problems prevented this. 

Veteran MOBY VINCENT (1974) is covering for MOBY DADA, whilst another veteran, MOBY NIKI (1974) is assuming MOBY VINCENT’s duties on Livorno-Bastia. 

Photo: RHAPSODY © Mike Louagie 

Sep 28
0

Wireless charging for hybrid coastal ferry successfully tested 

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Wärtsilä has successfully tested its automatic wireless induction charging system on the hybrid powered Norwegian ferry FOLGEFONN, owned by Norled. 

This is the first commercial ferry in the world operating with high power wireless charging capability for its batteries, and the successful project represents a notable breakthrough in the evolution of plug-in electrically operated vessels, says Wärtsilä. 

Photo: Wärtsilä 

Wärtsilä Press Release