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Attica’s Annual Report Follows The Green Light For The HSW Take Over

Shortly after the authorisation to get full control over Hellenic Seaways (see below), Attica published its full year annual report.

In spite of increased traffic volumes the group result was affected by the increased bunker prices.

  • Consolidated revenue of EUR 271.54m (EUR 268.61m)
  • EBITDA EUR 50.36m (EUR 70.03m)
  • Profits after tax EUR 1.25m (EUR 20.25m)
  • Increased traffic volumes in all revenue categories: passengers +2.2%, cars +5.7% and freight units +3.5%
  • Number of sailings +3.3%

A Bright And A Green Future For Fjord1

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Fjord1 ASA can look back on a successful year 2017, and on an even more successful future. The company was able to sign several contracts for ferry routes. As a result several ferries are on order. The main focus is on environmental friendly solutions, with a mix of highly advanced zero- and low emission solutions.

On 15 August 2017, Fjord1 was listed on Oslo Stock Exchange’s main list, at a market capitalisation of NOK 3.4 billion.

Some consolidated key figures:

  • Total Income: NOK 2,794,136 (NOK 2,390,911)
  • EBITDA: NOK 985,255 (NOK 732,101)

Click on the cover to access a download link.

Annual Report Stena AB And Significant Events Of 2017

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Stena AB published a PDF with “Restricted Group Data as of December 31, 2017.”

Ferry Shipping News selected the ferry and ro-ro items for your convenience.

  • In March 2017, Stena Line GmbH acquired the chartered ro-pax MECKLENBURG VORPOMMERN from Postbank Leasing GmbH, and the vessel was sold on to Havgalleskären AB on the same day. The new owner, Havgalleskären AB, is chartering back the vessel to Stena Line GmbH on a five-year bareboat charter.
  • In October 2017, Stena Line has started a new route between Poland to Sweden, Gdynia-Nynäshamn.
  • In December 2017, the already chartered vessels STENA SUPERFAST VII and STENA SUPERFAST VIII were acquired from Tallink AS. The vessels will continue to operate on the Irish Sea.
  • In September 2017, Stena RoRo sold the ro-pax vessels NAPOLES and SICILA.
  • In November, 2017 Stena RoRo acquired the ferry HAMMERODDE from Danske Faerger.Stena AB’s (all activities of the group, including ferries and shipping) annual report can be consulted here below, by clicking on the pictures.

Moby Triples Net Result

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Below are selected financial highlights for the fiscal year 2017 of Moby S.p.A., based on the Group’s audited, consolidated financial statements:

  • Revenues: EUR 586m, up 9%
  • EBITDA: EUR 131.8m, up 13.3%
  • Net result EUR 24.5m, tripled from EUR 7.7m
  • Total net financial debt: EUR 496.4m as of 31 December 2017


Traffic figures:

  • Passengers: 6.5 million
  • Freight: 7.5 million lane meters


The start-up of three new activities weighed on the balance sheet:

  • Cruise ferry in the Baltic Sea (Moby SPL)
  • A new connection from France to Corsica.
  • Further strengthening the motorways of the sea.


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Grimaldi Orders Six Mega Ro-Ro Ships


The Grimaldi Group has signed an agreement for the building of six “GG5G” ro-ro vessels, for a total investment worth over USD 400 million.

  • Shipyard: Jinling, China
  • Design: Grimaldi Group and Knud E. Hansen
  • Length 238m
  • Gross tonnage 64,000
  • Lane meters 7,800 (500 trailers)
  • Hybrid: fossil fuel at sea and mega lithium batteries for use in port. Batteries will be recharged at sea through shaft generators and solar panels.
  • Hull: Air lubrication
  • Scrubber
  • Three vessels for Grimaldi Lines in the Mediterranean.
  • Three ice-class vessels for Finnlines in the Baltic.
  • Delivery as from 2020.

TT-Line Confirms The Order For Two Ferries To Be Built In Flensburg

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TT-Line Company Pty Ltd and Flensburger Schiffbau-Gesellschaft GmbH & Co. KG have signed an agreement for the construction of two new ships to replace the current Spirit of Tasmania vessels. A letter of intent had already been signed in January and now the building can go ahead.
The ships will cost EUR 219 million per unit.
Construction will start soon, since the ferries are needed for the 2021 season on the Bass Strait.
The ferries will be LNG-powered.

The Mediterranean Reshuffle And Consolidation Continues As Expected, Almost

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Last week has seen a series of decisions being taken, which all impact the Mediterranean ferry scene. An overview:

  • Caronte & Tourist have announced that the “New TTT Lines” Naples – Catania service has been closed on April 23.
  • New TTT Lines operated two Visentini ro-pax ferries, the FLORENCIA, on charter from Grimaldi, and the CARTOUR GAMMA. Grimaldi has now acquired the CARTOUR GAMMA, and will put her together with the FLORENCIA on the route from Brindisi to Greece (Igoumenitsa and Patras).
  • The New TTT Line seafarers who lost their jobs have been protesting against the closure. Grimaldi obviously needs crew for the routes to Greece, but not all are prepared to switch from Naples to the Adriatic side. At an event organized in Sorrento Emanuele Grimaldi said he would need up to 1,000 seafarers extra for all his upcoming ships.
  • Grimaldi has transferred the EUROFERRY EGNAZIA and EUROFERRY OLYMPIA from the Adriatic to run between Salerno (instead of Naples) and Catania.
  • Grimaldi asked the Naples Port Authority for a concession for a dock. As long as this concession is not granted Grimaldi will operate from Salerno.


  • The Greek antitrust authority has given the green light to Attica to acquire Grimaldi Group’s 53% stake in Hellenic Seaways for EUR 78.5 million. See Attica’s press release on April 26.
  • Part of the Hellenic Seaways deal is the transfer of two ferries from Attica to the Grimaldi Group: SUPERFAST XII will go to Grimaldi (EUR 74.5m), and HIGHSPEED 7 will be integrated in the fleet of Minoan Lines (EUR 25m).

New DUBLIN SWIFT Catamaran On Irish Sea

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Irish Ferries is boosting services between the UK and Ireland with the introduction of the upgraded, high-speed catamaran DUBLIN SWIFT, which has just entered service following a full internal refurbishment. It replaces the JONATHAN SWIFT, which has been in service since 1999.
It operates two crossings a day, in each direction between Holyhead and Dublin port. The new DUBLIN SWIFT has greater car (220 vehicles) and passenger (820 people) capacity.

Photo: Irish Ferries

Stena RoRo’s Charter To DFDS = Fifth Stena E-Flexer

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Last week we announced that DFDS is going to charter one of the Stena RoRo E-Flexers under construction in China. In fact the vessel is the fifth in the series, and Stena RoRo has a further three options on vessels for delivery from 2021 and onwards.

In 2016, Stena RoRo placed an order for four large ro-pax ferries with the Chinese shipyard AVIC International with an option for a further four vessels. The vessel now ordered is the fifth in the series.

From the first batch of four vessels, three will be operated by Stena Line on the Irish Sea, and one by Brittany Ferries.

CMAL To Purchase Three Shetland/Orkney Ferries

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A deal has been agreed for the three passenger ferries serving the Northern Isles to be purchased outright by Caledonian Maritime Assets Ltd (CMAL) with loan funding from the Scottish Government.

The HAMNAVOE, HROSSEY and HJALTLAND, which have previously been leased from Royal Bank of Scotland, will be taken into CMAL ownership.

Serco NorthLink Ferries will continue to operate the services until 31st October 2019 under the extended contract.

Photo: Northlink Ferries