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ANEK LINES Q3 2020 Key Financial Figures

During the first nine months (2020), traffic volumes of the ANEK Group vessels dropped by 50% for passengers, by 44% for private cars and by 8% for freight units.

Respectively, in Q3 (2020) traffic volumes decreased by 48% in passengers, by 38% in private cars and by 6% in freight units.

First 9 months of 2020 in EUR ,000 (same period in 2019)

  • Turnover: 97,004 (138,076)
  • Gross Profit:  13,893 (36,491)
  • EBITDA: 7,705 (26,582)
  • EBIT: -718 (18,080)

Consolidated profit before taxes: -7,685 (11,039)

Consolidated profit after taxes: -8,216 (10,120)

  • Q3 of 2020 in EUR ,000 (same period in 2019)
  • Turnover: 41,627 (65,573)
  • Gross Profit: 12,429 (27,711)
  • EBITDA: 10,004 (23,408)
  • EBIT: 7,155 (20,582)

Consolidated profit before taxes: 4,916 (18,069)

Consolidated profit after taxes: 4,642 (17,540)

The second wave of the pandemic and the new restrictive measures in the movement of passengers are expected to lead to a decrease in traffic and revenue during the winter period 2020-2021 compared to the same period last year, while a gradual recovery of sizes is expected after Q1, 2021.

Norled Q3 Report: All Agreed Operations Have Been Carried Out Despite the Corona Challenges

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Decrease in revenue is mainly due to changes in contract portfolio.

Revenue: -17% (Q3) and -14.6% (YTD)

Norled ended 5 contracts at year end 2019 and started 4 new contracts 1 January 2020.

  • Indre Sogn (ferries)
  • Sunnmøre (ferries)
  • Rutepakke3 Hordaland (ferries)
  • Troms (expressboats)

Increased EBITDA profitability is mainly due to changes in contract portfolio and net gain on sale of fixed assets. EBITDA: 12% (Q3) and 7.2% (YTD).

EBITDA profitability is affected by the Corona epidemic, mainly with reduced tourist related revenue in the expressboat segment.

Start of contracts on 1 January 2021:

  • Ryfylkeferjenin, Rogaland county (until 31 Dec 32)
  • Lyngensambandet, with the routes Lyngseidet-Olderdalenand Svendsby-Breivikeidetin Troms and Finnmarkcounty (until 30 April 31)

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Public Money for Short Sea Fleet Renewal in Italy from the Recovery Plan

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A first draft copy of the Recovery Plan, which is ‘under construction’ and emerged earlier this week, revealed that some financial resources will be bound directly to the fleet renewal for ferries and more in general vessels deployed on the short sea routes in Italy.

Mainly those active on the routes with the small islands, in the Gulf of Naples (photo), in Sicily and also those deployed in the city of Venice.

The ro-pax fleet renovation is part of a series of measures aimed at modernizing and making shipping and transport more efficient in Italy. Cold ironing systems in the ports, railcars and trucks will also receive some funds under the same program.

“This plan has two main goals. The first is to boost the production and use of modern, environmentally sustainable ships, with relevant positive effects in terms of job creation and mobility” recently commented Vincenzo Petrone, chairman of shipbuilders’ association Assonave. “The second goal is to make up the deficit of investments needed to accelerate the ‘green’ transition of European ships to account for the challenging environmental protection objectives that Europe intends to achieve by 2030”.

Moby Going On Serving Routes Until End of February

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After some alarms raised over the maritime continuity in Italy during the last weeks, eventually Tirrenia Cin will go on serving the subsidised routes with the Tremoli, Sicily and Sardinia islands until the end of February.

The decision came after a meeting where the Italian transport ministry made sure that the condition and the financial resources for Moby group will be granted in change for the service offered.

The public contract for the subsidized maritime links between Italy mainland and the islands expired last July but was postponed until 28 February 2021.

The Italian financial newspaper IlSole24Ore also revealed that Moby selected the investment funds Arrow Capital and Europa Investimenti as preferred financial partner for setting up a debt restructuring and turnaround plan to be submitted to bondholders and banks before 28 December 2020, which is the expiring date decided by the Court of Milan.

Three-Year Charter Contract for New RoRo LIEKUT

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The Flensburg newbuilt LIEKUT finally found a home to operate. The roro vessel will join the SeaRoad fleet for three years, as from March 2021.

She will replace SEAROAD TAMAR on the Bass Strait (Tasmania-Australia) until SeaRoad’s new vessel is constructed.

SeaRoad’s new permanent vessel is scheduled to come online in the second half of 2023.

Ferry Shipping News asked if a ship had already been ordered. “It’s still being negotiated with shipyards,” said the SeaRoad spokesperson.

LIEKUT’s ship owners, Siem, will complete modifications in Poland prior to her delivery, including strengthening decks, installing barriers and drainage, and modifying the stern ramp to suit LIEKUT’s new home port of Devonport.

DFDS ‘Ark’ Fleet Reshuffle

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  • ARK FUTURA will leave the Ark (*) cooperation during December 2020, and this has triggered a reshuffle in the fleet.
  • MAGNOLIA SEAWAYS and FINLANDIA SEAWAYS will join the Ark fleet.
  • FINLANDIA SEAWAYS will be reflagged from the Lithuanian flag to the Danish flag from January 2021.
  • MAGNOLIA SEAWAYS will enter the Ark fleet in 2022.
  • The seven ships that will be part of the Ark cooperation are thus ARK DANIA, ARK GERMANIA, SUECIA SEAWAYS, MAGNOLIA SEAWAYS, BRITANNIA SEAWAYS, FINLANDIA SEAWAYS.

(*) The ARK Project is a Danish–German collaboration that ensures Danish and German military access to, and availability of, capacity for maritime transport in accordance with the nations’ own obligations to NATO.

Fred. Olsen Express Says Goodbye to the BONANZA EXPRESS

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Fred. Olsen Express officially announced the sale of its Incat-built BONANZA EXPRESS (1999).

Fred. Olsen Express’ fleet manager, Juan Ignacio Liaño, said in a Spanish release that the vessel has been sold to a European operator. After a refit it will go to Malta, mid-December.

This milestone is part of the continuous commitment made by the shipping company to improve the fleet. This year it incorporated the new BAJAMAR EXPRESS trimaran.

BAÑADEROS EXPRESS is scheduled for the summer of 2021.

Last minute news / to be confirmed: rumour has it that the new owner and ferry operator could be Ponte Ferries Ltd., a company registered in Malta on 20 October 2020.

The World’s Largest Electric Ferry Delivered

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BASTØ ELECTRIC was delivered from Sefine Shipyard to BastøFosen on 7 December 2020. This marks a new era for Norway’s busiest ferry route Moss-Horten. When Bastø Electric enters operation in early 2021, it will be the starting point for electric operation, which will significantly reduce the route’s environmental footprint.

Following BASTØ ELECTRIC two of the existing ferries will be converted to electric drive before summer 2022.

High voltage charging systems are being built in Moss and Horten, capable of charging with a power of up to 9000 kW. The ferry has a large 4000 kWh battery system, enabling all electric operation. In addition, the ferry has diesel generators with sufficient capacity to maintain normal operation in case of failure of shore power.

BASTØ ELECTRIC is the world’s largest all electric ferry, with a length of about 145 m and capable of carrying 200 cars and 600 passengers.


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Moormaster Nxg Vital for ASKO’s Autonomous, Zero-Emission Roro Fleet and A Profitable Way to Sustainability for The Industry At Large

ASKO Maritime – the shipping arm of Norway’s largest grocery wholesaler – is doing something revolutionary in the history of shipping. Its fleet of vessels, planned to start operation early 2022, are designed to be both fully electric and autonomous. It means there will be no captain and no crew on board as the ships operate their route across the Oslo Fjord.

But of course, autonomous operations require many innovations. A key component in ASKO’s plan is a system that can automatically moor ships in port. The autonomous vessels could use their thrusters to stay in position, but this would increase energy consumption and reduce battery life. Therefore, ASKO Maritime has selected Cavotec’s next generation vacuum mooring technology, MoorMaster NxG, to moor the vessel within 30 seconds from arriving at berth.

In the words of ASKO Maritime’s CEO, Kai Just Olsen, MoorMaster NxG is “modern technology for a futuristic fleet”. We have used every minute of data from 20 years’ service to re-design MoorMaster from the ground up, to deliver easier installation and smarter operations – all in a sleeker footprint which requires 40% less depth on the quay. Now it is easy to integrate transformative MoorMaster technology at operational ferry and cargo berths across the world.

Nowhere does MoorMaster automated mooring add more value than at ferry and roro terminals with more than one call per day. By mooring in seconds, the terminal frees up valuable minutes that can be used to load more cargo or shorten turnarounds. Every minute saved in port also lets the vessels cruise slower to its next port, saving fuel and the environment.

The time savings also have a positive impact on health and safety. The fast mooring allows the vessels’ engines to be shut off faster, thereby reducing harmful emissions for port employees and nearby communities. Port accidents are also more common in compressed loading windows where stress causes mistakes. With automated mooring, ships’ crews and quayside personnel can focus on value-added activities, such as loading and unloading cargo.

It all comes down to profitable sustainability. Typically, sustainability benefits are viewed as a drag on financial results. But with automated vacuum mooring, ports and shipping companies become more profitable and at the same time contribute to a greener, less polluted world.

There is no doubt the shipping industry will embrace new, safer, more sustainable mooring practices as the rate of innovation picks up throughout the maritime supply chains. ASKO Maritime needed to adopt automated mooring for their fleet of the future.  In other ports, automated mooring can be considered a “nice to have”. Nice for the people not putting their lives on the line, nice for the environment, and nice for the company’s bottom line.

Article by Nicklas Vedin, Product Manager, Cavotec MoorMaster