By | 2020 Newsletter week 49 | No Comments

The Return of RoRo Shipbuilding in Flensburg

Flensburger Schiffbaugesellschaft (FSG) has received its first order since the restart under the direction of Tennor Holding.

IVP Ship Invest – a company of Tennor founder Lars Windhorst – is ordering a 32,770 GT, 210m long RoRo (option for a second ship) with a 4000+ lane metre capacity.

The double order is worth €140m and the first ship is planned for an April 2022 delivery.

Moby Approached Its Ad Hoc Bondholder Group with a Draft Restructuring Proposal

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Moby has approached its ad hoc bondholder group with a draft restructuring proposal consisting of new money from a third-party fund and two alternative forms of recovery.

That’s what the news provider Reorg revealed, mentioning sources familiar with the matter.

“Under the draft plan, the creditors may be able to choose between a 30% recovery, and a smaller cash recovery which would, however, also consist in the future proceeds deriving from potential asset sales” the sources said. The proposal is not official yet and may still change.

The size and type of the new money remains unclear.

Funds Clessidra and Europa Investimenti have submitted two non-binding proposals to the Italian shipping group, but Moby seems to be more inclined to select the proposal by Europa Investimenti.

Creditors are discussing the draft proposal and have not told Moby whether they would like to continue negotiations on these grounds, sources said.

The deadline for the Onorato-controlled group to present its restructuring plan is 28 December 2020.

No Tax Money for Three Italian Ferry Routes

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The Italian transport ministry announced this week that the European Commission gave its green light to the procedure launched for renewing the public subsidies for the maritime continuity with the islands.

More specifically the three routes Napoli-Palermo (RoRo and RoPax), Ravenna-Catania and Livorno-Cagliari (RoRo) will no longer receive public money and will be left to the free market.

However, the maritime link with the Tremiti islands and the route Civitavecchia – Cagliari – Arbatax will be subsidised again and the related tender will be launched soon.

The need for public subsidies for all the other links which have been operated by Tirrenia – Compagnia Italiana di Navigazione in the last years still need further investigations.

Up to date, the following routes were those included for the full year in the public subsidies scheme in Italy:

  • RoPax: Cagliari-Palermo / Napoli-Cagliari / Civitavecchia-Cagliari-Arbatax / Genova-Olbia-Arbatax / Termoli-Tremiti
  • RoRo: Ravenna-Brindisi-Catania / Livorno-Cagliari
  • The three maritime links Napoli-Palermo, Genova-Porto Torres and Civitavecchia-Olbia were included in the scheme from October to May and operated without subsidies during the summer season.

GREENFERRY I’ Will Set Sail on the River Elbe in March 2021

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Elbferry GmbH & Co. KG plans to start operating the Brunsbüttel-Cuxhaven ferry route in March 2021 with GREENFERRY I. This was announced in a German press release on 2 December.

Although not announced officially, rumour has it since several months that GREENFERRY I is the Norwegian double-ended ferry FANAFJORD (Aker Yards AS, Norway 2007).

Managing Director Heinrich Ahlers was able to win the Strahlmann Shipping company and MTB New Energy as partners for the project.

Stena Line Gmbh & Co. KG Is Planning to Relocate the Company Headquarters to Hamburg and Strengthen Commercial and Operational Processes

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Stena Line GmbH & Co. KG is planning to relocate its headquarters from Rostock to Hamburg in spring 2020 and concentrate its commercial business there.

With the planned relocation of customer services to the sister company Baltic RoRo Services GmbH, the operational unit in the group is also to be strengthened.

“Hamburg is one of the world’s leading locations for the maritime industry, a logistic hub in the middle of Europe and one of the fastest growing economic and digital locations in Germany. Since we will be relying even more heavily on integrated logistics concepts, intermodal offers and transport chains from a single source in the freight sector, the proximity to other companies in the Stena Group such as Stena Glovis (Hamburg) and Stena Logistics GmbH (Bremen) creates potential for even closer cooperation, “says Ron Gerlach, MD of Stena Line Germany.

The Stena Line Group plans to move the RoPax MECKLENBURG-VORPOMMERN from the German to the Swedish register and to have it operated by Stena Line Scandinavia AB in the future.


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Construction of a Reserve Truck Parking at the Ferry Terminal in Świnoujście Starts

Construction works for the new 278-truck parking in the Port of Świnoujście will start on 7 December 2020.

The new parking will be located in the immediate vicinity of the Ferry Terminal

The aim of the investment is to improve the access infrastructure to the port, care for the natural environment and improve the maritime connection between Świnoujście and two ports in Sweden – Trelleborg and Ystad.

New freight Service to Gothenburg – Links to Norway and Poland

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A new freight service will commence at the turn of the year, linking Gothenburg to the industrialised Western Region in Norway via the ports in Stavanger, Bergen, Sunndal and Ålesund. The service will also include the Polish port of Swinoujscie, which will in turn open up further trade options with central Europe. Vessels will visit Gothenburg on a weekly basis.

The new service will be operated by the Norwegian shipping company Sea-Cargo.

Rosslare Europort Welcomes DFDS New Route to Dunkirk

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As from 2 January 2021, DFDS join existing shipping operators Stena Line, Irish Ferries and Brittany Ferries at Rosslare Europort, with a new six-times weekly service direct to Dunkirk (see the extra news of last week 48)

Rosslare Europort has recently secured planning permission for a major transformation of Rosslare Europort, as part of its €30m Port Masterplan.

Further substantial investment will also take place both at the port and the surrounding area.


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NYK and its partners have agreed to transfer all shares of the exclusive vessel holding company for the LNG bunkering vessel ENGIE ZEEBRUGGE to NYK and make the holding company a wholly owned subsidiary of NYK.

NYK has changed the name of the LNG bunkering vessel into GREEN ZEEBRUGGE.

In response to the expected increase in global demand for LNG fuel, NYK will start LNG-fuel bunkering business under a new scheme in the future.

The bunkering vessel performed in the port of Zeebrugge its first deliveries of LNG in 2017, as a marine fuel to UECC’s roro vessels AUTO ECO and AUTO ENERGY.

Volvo Cars, DFDS and Lineas Deliver Faster and More Sustainable Transport Thanks to New Train Terminal in North Sea Port

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From now on, cars from Volvo Cars in Ghent will get to their final destinations faster and more sustainably. At a new train terminal near Mercatordok in North Sea Port, cars are loaded onto and off ships and onto and off trains.

This collaboration between the Volvo Cars plant, DFDS and the Belgian rail freight operator Lineas efficiently brings together the different modes of transport (ship, train, truck). Thanks to the extensive use of rail transport, the throughput time from factory to final destination is now up to 30% faster.