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2018 Newsletter Week 07

Feb 15
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Ferry Finance

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Full-year and Q4 results for Viking Line

Viking Line’s full-year results deteriorated slightly, but the 4th quarter operating income improved significantly.

Full year key figures:
Consolidated sales €522.7 million (+0.6%)
Operating income €10.0 million (down from €13.7 million).
Passenger-related revenue €476.4 million (+0.8%)
Cargo-related revenue €43.8 million (-1.1%)

Bunker expenses increased by 18.3%, mainly because of high-speed craft VIKING FSTR.

Cargo units went slightly down. Full year results 127,668 (131,918)
Cars went up. Full year results 762,253 (682,194)
Passengers went up. Full year results 6,881,149 (6,502,191).

Read press release here
Feb 15
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Growth in cargo traffic on Scandlines Helsingborg-Helsingör continued in Q4

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The increasing cargo traffic entailed higher capacity utilisation on the route’s ferries despite a minor decline in the number of cars. Capacity was increased by expanding the timetable of HAMLET by 5 hours per day since December 1, 2017.
Some figures:

  • Number of departures: 12,300 (status quo)
  • Freight units: 109,500 (+5%)
  • Goods in tonnes: 1,252,000 tons (+4%)
  • Cars: 265,000 (-2%)
  • Passengers 1.44 million (-4%)

”Our freight customers appreciate the precision and reliability we offer, and they have welcomed the increased flexibility brought about by our capacity expansion and more daily departures,” said Johan Röstin, CEO of HH Ferries AB.

Photo: HH Ferries

Read full report here
Feb 15
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TTS sells major part of its activities to MacGregor

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Norwegian-headquartered TTS Group ASA has entered into a sales agreement with MacGregor, a subsidiary of Cargotec Oyj listed on Nasdaq Helsinki Stock Exchange in Finland.
The agreement implies a takeover by MacGregor of all TTS’ assets except for TTS Group ASA and its Syncrolift business.
Both companies are global providers of handling solutions and access systems and services for the marine and offshore industries. TTS has approximately 930 employees, while MacGregor activities counts approximately 2,000 employees.

TTS, proposed to be renamed Nekkar, will build its future operation around Business Unit Shipyard Solutions with its Syncrolift brand, and additionally seek new investment opportunities.
The transaction is subject to approvals from relevant competition authorities.

Press release
Feb 15
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FERRY SHIPPING

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Red Funnel places £10m ro-ro ship order from UK yard

Red Funnel, the Isle of Wight ferry operator, has placed a £10 million order for a new ro-ro freight ferry from UK shipbuilder Cammell Laird.
The new ship is designed to provide additional year-round freight capacity for Red Funnel’s Southampton-East Cowes route, which currently handles 53% of all freight movements across the Solent.
Some particulars:

  • Length 74m
  • Capacity 265 lane metres freight and 12 pax
  • Hull shape designed to reduce wash (sensitive operation area)
  • Meeting the latest Tier III emission regulations
  • Rolls Royce azimuth thrusters
  • Crossing time of 1 hour
  • Delivery spring 2019

Photo: Red Funnel

Feb 15
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DFDS orders two ro-pax ferries for the Baltic Sea

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Two new ro-pax ferries have been ordered on February 12 for delivery in Q1 and Q3 2021 respectively.
The ships are designed to each carry 4,500 lane metres of freight and passenger vehicles, as well as 600 passengers (with up to 690 berths/250 cabins available).
The two ships will be built by Guangzhou Shipyard International Co, Ltd. at their Nansha Yard in China.
Both ships are planned to be deployed on one of the routes connecting Lithuania (Klaipeda) with either Sweden (Karlshamn) or Germany (Kiel).
The deployment in 2021 is planned to be a catalyst for a reallocation of ships in the Baltic route network ultimately increasing the network’s total freight capacity by around 30%.
DFDS opts for scrubber technology.
The ships will have a 1C ice class.
The investment in the two ships totals around DKK 1.8bn

Feb 15
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MSC & Moby sign a contract for 4+2+2 cruise ferries to be built in China

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MSC Group and Onorato Armatori signed a contract with Guangzhou Shipyard International Co., Ltd (GSI) and China Shipbuilding Trading Co., Ltd (CSTC) for 4 large ro-pax ferries, with an option for another two + two.

GNV, an MSC Group company, will receive the delivery of the first and third vessel.
Onorato Armatori (Moby, Tirrenia..) will receive the second and fourth.
Additionally, the two companies will hold options for an additional two vessels each. The first vessel will come into service in 2020.

What do we know about these ferries?

  • Ro-pax ferry described by the companies as cruise ferry.
  • Passenger capacity of 2,500, with 534 cabins available.
  • Lane meter capacity of 3,765. (in combination with pax capacity quite impressive)
  • LNG-ready engines.
  • Designed by OSK-Shiptech.
  • First ready end of 2020.

Photo MSC Group

The official signing ceremony, which took place on February 11 at CSSC headquarters in Beijing, was attended by Mr Dong Qiang, chairman of CSSC, Mr Pierfrancesco Vago on behalf of MSC Group, Mr Achille Onorato of Onorato Armatori and ship owner, Mr Matteo Catani, CEO of GNV, Mr Han Guangde, chairman of GSI, as well as Mr LI Hongtao, general manager of CSTC.

 

Feb 15
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Order book continues to grow for Wight Shipyard Co with Austrian order

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Wight Shipyard Co has secured its first multi-million pound export order for a 250-passenger river catamaran to operate for Central Danube Region Marketing & Development GmbH’s Twin City Liner – a tourist service running on the River Danube between Vienna and Bratislava.
Some particulars:

  • Low wash round bilge 39.99m catamaran designed by Incat Crowther.
  • Built for challenging Danube, with water depths sometimes as low as 1m, and lots of floating debris.
  • Powered by four Scania DI16 072M main engines, each producing 809 kW at 2300 rpm. Maximum speed of 38 knots, service speed of 32.4 knots at modest MCR.
  • Delivered in time for the 2019 summer season.
Feb 15
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TRADE ASSOCIATIONS

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The UK Ferry Market Report, in cooperation with PSA

Produced in cooperation with Passenger Shipping Association (PSA), the UK Ferry Market Report could be an interesting reference tool for anyone involved in the ferry and travel industries.
The Report provides a statistical overview of the UK Passenger Ferry Market based on returns from almost all UK passenger ferry operators.
While the market is made up of three market sectors – UK Continent, UK Ireland and Domestic routes some comparisons are made with Eurotunnel and Eurostar.
In addition, some information is detailed at a subsector level where UK – Continent routes are divided into North Sea, Short Sea and Western Channel Sectors – UK Ireland routes are divided into Northern Ireland, Central Corridor and Southern Corridor, and domestic routes are divided into Channel Islands, Isle of Wight, Isle of Man and Scotland.

Some key figures:

  • Britain’s UK ferry operators carried 8.61 million cars in 2015, up 1.3%
  • Overall passenger figures on 75 ferry routes held up at 38.90 million, -0.6%
  • Domestic ferry routes saw the biggest growth.
  • Total passengers carried by P&O Ferries and DFDS Seaways from/to Calais and Dunkirk were over 13m in 2015, a slight drop.
  • Good growth of 3.4% (2.94m passengers) on the Western channel routes to France principally served by Brittany Ferries, with cars carried up by 5.8% to 990,000 in 2015.
  • North Sea ferry routes run by Stena, DFDS and P&O Ferries increased by 3.9% the number of cars carried to 445,000 in 2015, carrying the same number of passengers in 2015.
  • Passengers on the three Irish operators of Irish Ferries, Stena Irish Sea and P&O Ferries were marginally down by 1.9% (4.78m).
More information on this report
Feb 15
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IN THE MEDIA

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North America, Gibraltar, and now Baltic Sea for NOVA STAR

End of March Polferries will start to operate NOVA STAR on Gdansk – Nynäshamn (Stockholm). This news has been announced by Polferries CEO Piotr Redmerski to the Polish Press Agency PAP, writes Maritime Poland (in Polish).
The vessel was built for, but refused by LD Lines, was used between Portland and Yarmouth, ended up on the Gibraltar Strait for Intershipping, where it operated two years and finally, is about to leave Gibraltar for the Baltic Sea.
NOVA STAR has been bought by “a Polish company”.
Polferries has a new ferry on order but needed to have a better ship than the actual veteran WAWEL, in order not to lose the market. Stena Line introduced a ferry on Gdynia – Nynäshamn last year, as a result of the growing traffic between Poland and Sweden.