MSC Acquires Toll Shipping’s VICTORIAN RELIANCE

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A company belonging to Mediterranean Shipping Company bought the 1999-built roro VICTORIAN RELIANCE. The ship is already flying the Portuguese flag (Madeira) and will be renamed JOLLY BLUE.

The name indicates she will be chartered by Ignazio Messina who already operates the sister vessel JOLLY EXPRESS on the Rades (Tunis) – Gioia Tauro (Italy) – Naples (Italy) route.

The roro vessel is on her way to Singapore.

FERRY FINANCE AND STATISTICS

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Irish Continental Group plc: Preliminary Statement of Full Year Results

ICG reports a solid financial performance for the year ended 31 December 2019.

Irish Continental Group

+8.2% Revenue

+26.9% EBITDA (pre non-trading items)

+8.2% EBIT (including non-trading items)

  • EBITDA increase of €18.4 million principally due to improved schedule integrity, the introduction of the W.B. YEATS and the implementation of IFRS16.
  • Revenue increased €27.2 million (8.2%) to €357.4 million.
  • B. YEATS cruise ferry delivered in December 2018 and entered service in January 2019.
  • In April 2019, the group entered into a bareboat hire purchase agreement for the sale of the OSCAR WILDE to MSC Mediterranean Shipping Company SA, for a total gross consideration of €28.9 million to be paid in instalments over 6 years. The profit in 2019 from this sale was €14.9 million.
  • Second new cruise ferry investment of €165.2 million ordered in 2018. Contracted for delivery in 2020.

 

Ferries Division

  • +8.3% Revenue
  • +1.8% Operating costs
  • +25.3% EBITDA
  • +7.1% Operating profit
  • +10.4% roro units
  • +2.6% passengers
  • +2.2% car

FERRY PORTS

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Climate and Environmental Investment in the Maritime Bridge between Kapellskär and Naantali

Ports of Stockholm has applied for an EU investment grant for a project that will meet customer demands and the needs of the future. It is also an environmental investment that would result in significantly lower emissions of carbon dioxide and air pollutants at the Port of Kapellskär.

At Least Three Groups of Companies Tendering for Local Maritime Transport in Venice

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  1. Caronte&Tourist in joint venture with Venezia City Sightseeing
  2. Alilauro, through the joint venture Alivenice created with Granturismo Venezia
  3. Bluferries

are the three group of companies which participated at the tender launched by the Municipality of Venice for a part of the maritime transport services in the lagoon.

This tender was launched some years ago and has been pending until now. A final decision is expected for April. The 9-year public contract is worth €178m and regards a 10% of the local public maritime transport services not managed by the Municipality-controlled ferry company Actv.

INDUSTRY ASSOCIATIONS

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Submit Your Project for the ESPO Award 2020

The ESPO Award on Social Integration of Ports is entering its 12th edition. The theme of this year is “Enhancing the port-city relationship by encouraging innovators and local start-ups to be part of the port ecosystem”.

Project submissions have to reach the ESPO Secretariat by Friday 26 June 2020 at the latest. The application form and the terms of reference are available on the ESPO Website.

SHORT NEWS

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Kerkyra Seaways’ HERMES Arrived in Greece

On March 3, 2020 Kerkyra Seaways’s latest acquisition HERMES arrived in Piraeus, from Japan. She was purchased from the Japanese Nankai Awaji Ferry in October 2019 and delivered to the Greek ferry operator on January 24, 2020. HERMES is expected to be converted soon and she will be probably introduced on the Igoumenitsa-Corfu-Paxoi line.

SUPERFAST XI at Alexandroupolis, Serving as a Floating Hotel

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On March 1, 2020 Attica Group’s ropax SUPERFAST XI arrived in Alexandroupolis. She is being used as a hotel for the police forces that are currently operating on the northern borders of Greece (Evros), in the turmoil with the refugees.

The large ferry will be at the Hellenic Government’s disposal until Saturday 7 March and then she will be probably replaced by EL. VENIZELOS and BLUE STAR 1. After that she will undergo repairs and dry docking while she is expected to return back in her Adriatic service in mid-April 2020.