By | 2020 Newsletter week 25 | No Comments

A Strong Irish Continental Group Cancels Its Newbuilding


In a statement, Irish Continental Group said that Covid-19 makes it difficult to estimate the full year financial impact on the Group.

Reason is the significant reduction in current passenger traffic and forward bookings for what is normally the peak Summer passenger season for ICG’s Irish Ferries services.

“It is very difficult to estimate the full year financial impact on the Group, as the reduction in passenger revenue will be material. In the period from 1/1 to 6/6 car volumes are down 62% with total passenger volumes down 60%.

The impact of Covid-19 on roro has been limited.  Roro volumes are down 4%, container volumes are down 13% with container lifts on ICG terminals down 14%.


In the statement, ICG also talks about the Public Services Obligation (PSO) model from the Irish Government. “This was not an approach that we recommended as we believe this model was liable to create distortions in the marketplace and could be open to legal challenge. For both these reasons we decided not to participate in this PSO model, but we committed, without any Government support, to continue operating our lossmaking routes which provide a vital lifeline service to our Island.


ICG announced it has terminated its newbuilding contract with the German shipbuilder FSG.


The Group is in a strong financial position to weather this Covid-19 storm.


By | 2020 Newsletter week 25 | No Comments

The Finnish Government plans to support ferry companies with a total of EUR 24.7 million.

The earlier support for lifeline freight services expires this week (week 25).

Finland has opened the borders for Norway and Estonia, but not for Sweden. That means that lines from Sweden to Helsinki, Marieham, Vasa and Turku will still suffer.

The new support will be administered by the FinnishTransport and Communications Agency Traficom.


By | 2020 Newsletter week 25 | No Comments

The European Commission has approved under EU State aid rules the prolongation until end 2023 of various Italian support measures for maritime transport under Italy’s “International Registry” scheme. The scheme encourages shipping companies to register their ships in Europe and so ensure higher social, environmental and safety standards.

Italy has also committed to a number of changes to its scheme to avoid undue competition distortion as well as to prevent any discrimination between shipping companies and registries of different European Economic Area (EEA) States.


By | 2020 Newsletter week 25 | No Comments

P&O Ferries Inform Freight Customers About Dover Wharfage Charge

In a letter, P&O Ferries tells its customers that Dover Harbour Board have served all shipping companies a notice of a £5 increase in wharfage charges across all freight unit types.

This increased charge applies to trucks, unaccompanied trailers or vans as from 19 July (ref the letter from Dover Harbour Board).

“We have little choice but to pass on this additional £5 (or €6) charge to our customers as from the same date,” writes P&O Ferries.

Sjöfart.Ax: Open Battle For Power In Eckerö

By | 2020 Newsletter week 25 | No Comments

This article (in Swedish) summarises the shareholder uprising against the Mansén family in Rederi Ab Eckerö, lead by Businessman Johan Eklund.

The reason for the conflict is the corona crisis that caused bankers and the Ministry of Finance to demand a capital injection. Not because the equity is bad, the equity ratio is strong 50 percent. The Ministry of Finance and the banks want to see that there is also a determination among the owners to save the company.

Eklund is ready to guarantee a new share issue of EUR 10 million together with a handful of other shareholders, but only if the owner family Mansén waives the right to exercise their subscription rights.


By | 2020 Newsletter week 25 | No Comments

Atlantic Seaways Restarts Italy-Libya Service

Libya-based company Atlantis Seaways Tripoli (Atlantis Maritime Transportation Co.) has restarted the roro service, connecting Venice to the Libyan port of Khoms.

The service, which started in February, was suspended during the Covid emergency.
Roro IVAN restarted the service. Another ship is expected in July.


By | 2020 Newsletter week 25 | No Comments

Rendering Of The Week

STENA ELEKTRA is intended to operate on the route between Göteborg and Fredrikshavn, solely powered by electricity. “As of today, the concept is not yet profitable,” says Henrik Nordhammar at Stena Teknik, “but with the rapid increase of capacity and descending prices of batteries, it’s only a matter of time.”

The vessel is still in a concept stage, and there are several challenges to overcome before it can be realised, like how to recharge the batteries with 50 MWh of electricity during the 90 minutes in port.


By | 2020 Newsletter week 25 | No Comments


  • NORD PAS-DE-CALAIS, trainferry built 1987 at Chantiers du Nord et de la Mediterranee SA, Dunkerque, as train ferry
  • Photo taken in Dover (ship coming from Dunkerque) 1994
  • Ship still active as AL ANDALUS EXPRESS


  • Photo taken 1994
  • Built as TRAVEMÜNDE in 1981 by Wärtsilä OY AB, Helsinki, Finland
  • Ship still active as WASA EXPRESS


  • P&O, Zeebrugge-Dover
  • Photo 4 May 1991
  • Built as FREE ENTERPRISE VI in1972 in Gusto Yard, Schiedam, Netherlands.
  • Total loss after accident in Red Sea