Dear reader,

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Perhaps you asked yourself who we are? What better way than having a picture taken in front of a ferry?
The entire Ferry Shipping Summit team is ready for you, and wishes you a very enjoyable read of this Ferry Shipping News.

Tallink Grupp’s Q3 interim report

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Q3 in figure

  • 2.9 million passengers (+2%)
    Revenue EUR 282.7 million (EUR 273.6 million) +3.3%
    EBITDA EUR 75.4 million (EUR 67.1 million) +12.3%
  • Net profit EUR 47.8 million (EUR 42.8 million) + increased by 11.7%.

In Q3, the Group’s revenue and operating result were impacted by following operational factors

  • After the rerouting of ships in December 2016, carriage capacity increased on a number of operated routes.
  • During June and August, one cruise ferry operated the Tallinn – Helsinki route in contrast to two cruise ferries in last year.
  • Increased competition on Tallinn – Helsinki route.

Acciona’s nine-month report

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Trasmediterránea is only one of the companies belonging to the well-performing Acciona Group. In its 9M report, Acciona says that the Trasmediterránea EBITDA fell to €40 million, due to an increase in fuel costs derived from higher oil prices. The revenues were rather flat, with -2%.
In the period from January till September more passengers (+1.3%), more freight (+2.9%) and more cars (+5.6%) have been transported.
Recently Acciona reached an agreement to sell its 92.7% stake in Trasmediterranea to the Naviera Armas Group, something which is planned for 2018, Q1.

Oil prices reached the highest levels in more than two years

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The price of a barrel of North Sea Oil (BRENT) is flirting with USD 62, more than double the price level after the plunge below USD 30 at the beginning of last year.
Analysts see the strength of the global economy and geopolitical uncertainty as main reasons. Crown prince Mohammed Bin Salman’s bold efforts to consolidate authority in Saudi Arabia in his hands has certainly created stress on the market, especially since we know he is in favour of a reduced oil production.
In the ferry industry it will especially be the fast ferry operators who will feel the impact of a higher fuel bill, and the ones carrying mainly passengers. It is not so easy to raise prices. Freight operators usually have bunker surcharge clauses in their contracts (BAF or Bunker Adjustment Fee), making them less affected since the surcharge is being paid by the shipper, and eventually the end consumer.

Photo © Mike Louagie

Finnlines is on the way to a third record-breaking year

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Finnlines can look back with great satisfaction on the first three quarters of the year.
The January–September 2017 result improved by almost 12%, and was the best nine-month result in Finnlines’ history.

  • Revenue EUR 404.5 (361.1) million, +12%
  • EBITDA EUR 120.5 (114.3) million, + 5.4%
  • Result EUR 67.9 (60.9) million, +11.5 %
    Continuing the positive news, Q3 was Finnlines’ best ever quarter
  • Revenue EUR 145.2 (130.4) million, +11.4 %
  • EBITDA EUR 50.7 (49.6) million, +2.2%
  • Result EUR 32.5 (30.3) million, +7.0%

Finnlines sees the recovery of Finland’s economy as one of the explanations for its success, apart from the different actions to strengthen its competitive position. The growth of 10% is reflected in the export and import volumes.

In response to growing demand, Finnlines will be expanding its fleet.

  • EUROPALINK, actually in the Med on Livorno-Palermo, will be rejoining Finnlines early next year on Malmö–Travemünde.
  • NORDLINK, now on Malmö-Travemünde, will be redeployed on the Naantali–Kapellskär route via Långnäs.

Infographic © Finnlines

Ontario Government chooses Damen for its two new ferries

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The Government of Ontario and Damen Shipyards Group have signed a contract for the two ferries to operate in the Canadian waters of the Great Lakes.
The ferries will be a 68-metre Damen Road Ferry 6819 and a 98-metre Damen Road Ferry 9819.
The ferries will be based in Kingston and Loyalist Township, at the northeastern end of Lake Ontario. The larger of the two new ferries will serve the nearby Wolfe Island while the smaller will serve Amherst Island, just a few kilometres to the west.
Ferries transport approximately 850,000 passengers and 420,000 vehicles between Wolfe Island and Kingston each year, and approximately 290,000 passengers and 136,000 vehicles to and from Amherst Island annually.
The ferries are scheduled for delivery at the end of 2019 (Amherst) and at the end of 2020 (Wolfe).
Both will be hybrid-ready, enabling them to be fitted with batteries when required.

On the photo © Damen, from left to right: Mark Gerretsen (MP for Kingston and the Islands), Leo Postma, (Sales Manager, Damen Shipyards Gorinchem), Sophie Kiwala (Member of Provincial Parliament), Mike Bossio (MP of Hastings-Lennox and Addington).

First of four GRP Eco Fast Ferries for Baleària launched

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Gondan is building four GRP ‘Eco Fast Ferries’ with a capacity for 350 passengers for Baleària. On November 3, the first one was launched and it is scheduled that this unit will be delivered at the end of the year.
The 28m-long 28-knot wave-piercing vessels have been designed focusing on eco-efficiency, comfort and speed. Solar panels supply the necessary energy for onboard services.
The ferries will have two cutting-edge technology 1,450 hp diesel engines.
These catamarans, which will be finished between the end of this year and the middle of 2018, are designed to be able to operate on the different routes between the Balearic Islands.

Photo © Gondan

WDR orders catamaran ferry for the North Frisian Wadden Sea

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Wyker Dampfschiffs-Reederei Föhr-Amrum GmbH (W.D.R.) and Dutch shipyard Talsma have signed the contract for the construction of a 34m passenger-only catamaran.
She will enter service in spring 2019 and expand the existing WDR conventional ferry offer to passengers without cars.
The aluminium vessel has been designed by Conoship from Groningen, and can accommodate around 150 passengers in winter and 250 in summer.
The challenge was to find a suitable vessel that has the best performance within the speed regulation parameters in the protected Wadden Sea. Her maximum speed will be 20 knots, which against the current will still allow her to reach 16 knots.

Photo © WDR