PARTNERSHIP

By | 2019 Newsletter week 24 | No Comments

Free Access to RoPax, the International Magazine for Ferry And RoRo Shipping

Thanks to a partnership with RoPax magazine, we have the pleasure to share with you the new edition, freshly published.

The many articles bring you to the heart of the ferry and roro industry, in a way which has no peer.

Well done, Jan Philip Eckmann and team!

Click on the cover to read RoPax online.

FERRY FINANCE

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Africa Morocco Link’s BMCE Bank Gets Exemption

Africa Morocco Link is a company owned by Attica Group (49%) and the Moroccan BMCE Bank (51%).

According to a law, the bank is allowed to run a non-banking business for a limited time only.

Therefore, BMCE Bank was looking to sell a number of its shares, with 4 May as deadline. This attempt was unsuccessful.

In order not to disrupt the Operation Marhaba 2019, when thousands of expats come back to Morocco for the summer, the Government decided to give the bank more time.

FERRY PORTS

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Port of Olbia Launched International Tender for A New Ferry Terminal in Project Finance

The Port Network Authority of the Sardinian Sea announced that it intends to select a private partner for the management of the ro-pax terminal, of passenger services, of parking areas for cars, trailers and semi-trailers, and support services to road transport and to the users of the commercial area in the port of Olbia.

The project finance proposals may be submitted no later than 10.00 a.m. on 9 September 2019, in accordance with the procedures.

Currently the ferry terminal is managed by Sinergest (Moby group) and the concession (which expired last year) was and will be extended until the end of the procedure.

INTERESTING READS

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On-shore Economic Impact of Ferries Reached EUR 60 Million in the Adriatic Sea Region

According to the Adriatic Sea Tourism Report, presented in Ancona, Italy, the Adriatic Sea has more than 40 active ferry ports, handling over 19 million passengers.

Six ports have international routes.

Risposte Turismo’s team of analysts says that half of the Adriatic ports provided a forecast for 2019. However, some of the major ports are missing. This is the reason why it’s difficult to make forecasts on the overall ferry traffic in the Adriatic. Moreover, this kind of traffic is highly dependent on external factors, such as weather, fuel costs and travel alternatives. “Anyway, with the positive or negative variations previously presented, and with several ports that foresee a certain stability, it is reasonable to expect that this sector won’t register relevant variation,” concludes the report.

Risposte Turismo also estimates that direct on shore expenditures by Adriatic ferry passengers on international routes reached EUR 60 million in 2018.