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2021 Newsletter week 11

Mar 18
5

Spirit Of Tasmania Vessels Won’t Be Built In Tasmania

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The replacements for the TT-Line ‘Spirit of Tasmania’ ropax ferries will be built overseas, which was the original plan (first in Flensburg, then in Rauma)

The decision comes seven months after establishing a taskforce to investigate whether the new ferries could be built in Australia.

The taskforce investigated three options:

Option 1: A shipbuilder is selected to build two large steel monohull ferries where some construction is in Australia and involves businesses in Tasmania

The Taskforce received submissions from Austal and Serco.

 

Option 2: Allow for an assessment of the viability of very large aluminium multihull vessels with the intention of commissioning at least two vessels if they prove viable.

Incat proposed the construction of two 180 metre catamarans.

Option 3: A shipbuilder is selected to build and supply two steel monohull vessels constructed overseas.

Under this option, TT-Line would commence a new tender process, or finalise its contract with Rauma Marine Construction.

Mar 18
1

Irish Continental Group Annual Report: RoRo Freight Up, Pax Down

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  • Revenue -22.5% to €277.1 million
  • EBITDA -51.5% to €42.1 million principally due to Covid-19 travel restrictions
  • EBIT -116% to -€10.4 million

Year-end net debt after total capital expenditure of €30.1 million was €88.5 million, 2.1 times EBITDA (pre-non-trading items), and 1.7 times under banking covenant definitions.

Strong financial position with available liquidity comprising cash and committed bank facilities of €240.8 million at 31 December 2020.

Ferry Division: -65.8% cars and -66.3% passengers, but roro freight units went up 7.1% (or 335,000 units in total)

Outlook

Covid-19 has had a material impact on ICG’s passenger business, and any recovery is unlikely while government restrictions remain in place, however ICG remains hopeful that the rollout of vaccinations will result in a return to international travel in our markets during 2021.

The current demand on the direct routes to the Continent is expected to decrease as importers, exporters and government agencies become more familiar with new requirements following Brexit.

The ICG report says that decline will be in favour of the landbridge, which has the benefits of cost, frequency, time and reliability.

Source: ICG
Mar 18
1

Alpha Lines’ HSC SPEED CAT 1 Is Being Prepared For Service In The Saronic Gulf

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On March 13, 2021, Alpha Lines’ HSC SPEED CAT 1 was put into the water at the Spanopoulos Group Shipyards.

The ship was purchased from the Croatian Adriatic Lines in September 2020 and is undergoing extensive refit since the beginning of February 2020. After the completion of the repair works as well as the necessary sea trials, she is expected to be introduced on the Piraeus – Poros – Hydra – Spetses line.

Photos: www.arxipelagos.gr

Mar 18
3

RoRo EUROCARGO NAPOLI Handed Over To Morocco Cruise Line

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The start-up company Morocco Cruise Line (MCL.ma) took delivery of the roro ship EUROCARGO NAPOLI which has been owned and operated up to date by Grimaldi Group.

MCL is expected to open two new lines, one between Tangier Med and Motril and the other one between Tangier Med and Sète. The vessel is currently in the port of Motril.

EUROCARGO NAPOLI: 175m / 18.5 knots / 1,940 lane metres / cars 400

Mar 18
1

Delcomar: Two Ferries Arrested And EUR 64 Million Seized

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Italy’s finance police arrested two ferries and seized a sum exceeding EUR 64 million from the ferry company Delcomar.

The Franco-Del-Giudice-controlled company is active on the short sea routes surrounding the islands of Sardinia.

Two vessels are deployed on the routes Carloforte-Portovesme and Carloforte-Calasetta.

A public service contract was awarded in 2016 for up to nine years, for more than EUR 100 million.

Prosecutors from the “Procura della Repubblica” of Cagliari stated that the company does not respect the requested standards reported in the public procedure for the maritime continuity .

Some of the contested factors are linked with the speed, the equipment and the safety standard of the vessels.

Mar 18
1

PORTS

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Wallenius SOL Adds Kokkola

Wallenius SOL continues to expand its service, now strengthening its offering by adding Kokkola on the north- and southbound route Antwerp – Zeebrugge – Tilbury, since end of February.