In Q1, Attica Group Posts A 10% Increase In Revenue
Key figures:
The improvement in EBITDA is mainly attributed to the increased Revenue of the Group, despite rising fuel oil prices.
Despite the positive commercial development of Danske Færger A/S, a 50/50 Joint venture with the Danish State, the operating result decreased in 2017. The main reason for the decrease is extraordinary reservations for closing the
Bornholm routes in August 2018.
With the closing of the Bornholm Routes in August 2018, Danske Færger A/S is expected to have a still positive result ranging around DKK 50 million in 2018.
The net result for 2017 is satisfactory despite EBIT going down compared to 2016. The reason for a lower EBIT relates to impairment loss, lower operating profit in the chartering activity from a reduction of two vessels and operational issues related to the lock in Liverpool.
In May AS Tallink Grupp transported 852,609 passengers (+6.1%), 35,643 cargo units (+9.1%) and 100,969 cars (+6%).
Successful New Tirrenia Route To Get Second Ship
Our Italian colleagues of Ship2Shore wrote that Tirrenia will double the capacity and frequency of the Naples – Catania line, which was inaugurated only one month ago.
After the closure of New TTT Lines, which operated this route before, the big players are heavily targeting this route.
On May 7, Tirrenia introduced ro-pax HARTMUT PUSCHMAN (1,820 lane meter). Soon, the frequency will become daily with the addition of a second vessel.
Grimaldi serves the same destination from the port of Salerno, but would like to move to Naples.
To stay in the car, or not to stay in the car, that’s the question on Newfoundland and Labrador. Since the ferry LEGIONNAIRE came into service last year, ferry passengers have been told they must vacate their vehicles during crossings. That prompted a ferry users group to advocate for passengers who need to stay in their vehicle for medical reasons, but an independent risk assessment sides with the existing rule, citing passenger safety.
Lloyd’s Register earlier concluded there were some hazards to passengers who remained in their vehicles, compared to passengers who vacated their vehicles while the ferries were in transit.
