Mikko Juelich appointed head of Stena Line in Germany

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On 1 November 2021, Mikko Juelich took over the position as Trade Director for Business Region Germany at the Swedish ferry company Stena Line.

For the last five years, he was Managing Director of Container CSG in Luebeck, Germany. Before his time in container shipping, he held various positions at the ferry company Finnlines.

Mikko Juelich succeeds Ron Gerlach, who has moved to Stena Teknik where he will become the company’s Technical Director.

Almost ready for another tender for the Greece-Cyprus service

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By November 12, shipping companies are expected to submit their final proposals on the terms of the new tender for the Greek-Cyprus ferry connection.

The Ministry of Shipping of Cyprus has long entered a period of consultation and contacts with many operators, where opinions were submitted and therefore many things change compared to last year’s tender. Further contacts have been made with the European Commission’s Central Competition Directorate to improve conditions, always on the basis of EU rules.

The aim is to launch a tender that will reflect as much as possible and within the allowed framework the views of the interested parties, so that this time the efforts will have positive results.

Until today, there has been a contact with more than 15 companies that meet the relevant criteria in the European market and have the ships to perform the ferry service. The tender document is open to everyone on the public tenders’ page of the Republic of Cyprus.

Source: Economy Today, Sigma Live

Good news (3x) and extra time for Moby and CIN Tirrenia

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Moby announced that the Court of Milan on October 27th “has issued the decrees for the deferral of the meetings of creditors in the context of the composition with creditors of Moby and its subsidiary CIN”.

Under the ‘concordato preventivo’ procedure, the Court postponed the creditor’s meetings:

  • Moby: from 13 December 2021 to 6 April 2022
  • CIN: from 20 December to 12 April 2022

The postponement came after the Vincenzo Onorato-controlled group decided to present a new restructuring plan, supported by a part of the bond holders and where the refund conditions for some class of creditors were significantly improved.

Moby also announced that the shareholder’s meeting held on 28 October 2021 appointed Mr Gualtiero Brugger as member and chairman of the Board of Directors. He succeeds Vincenzo Onorato. Brugger is a professor in economics at the Bocconi University in Milan.

Finally, Moby also made public the decision of the Italian antitrust authority. They reduced the fine for abusing its dominant position for roro freight transportation on the routes linking Italy mainland to Sardinia. (from EUR 29.2 million to 1.0 million)

After nine months, Port of Zeebrugge posts a strong result: +3.6% growth

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  • The total tonnage for the period January-September in 2021 has increased by +3.6%. Container traffic, roll-on/roll-off traffic, solid bulk, and general cargo all registered a very positive result. Only liquid bulk recorded a decrease.
  • Roro traffic rose by 10.6% to 10,989,043 tonnes (that includes PCTC cargo).
  • The handling of new cars was affected by crisis in the automotive sector, created by the global shortage of microchips (-24.7 % compared to 2019).
  • Container traffic in the port of Zeebrugge is still on the rise. After nine months, there is a growth of 19.4% (15,577,464 tons, +25.7% TEU) in the lift-on/lift-off and roll-on/roll-off containers, compared to 2020. The growth in LoLo containers can be seen both in the handling of shortsea containers (+32.3%), deepsea containers (+47%), and estuary shipping (+30.5%).

Challenge: British driver shortage and congestion problems in logistic chains.

Electric hydrofoil, designed with the Greek ferry market in mind

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Boundary Layer Technologies, a California based marine technology startup launched their fully electric hydrofoil ferry concept design on 27 October 2021.

ELECTRA – twice the speed and range of existing electric ferries – has a range of up to 100 nautical miles and cruise speed of 40 knots due to Boundary Layer Technology’s proprietary hydrofoil technology and podded propulsion system.

Compared to fossil fuel alternatives, ELECTRA’s battery electric propulsion significantly reduces cabin noise by up to 20dB compared to conventional ferries.

The ELECTRA ferry offers OPEX reductions of up to 35% compared to fossil fuel burning fast ferry alternatives, as well as helps operators de-risk the future cost uncertainties of carbon taxes and emissions trading schemes being implemented globally.

ELECTRA was specifically designed with the Greek ferry market in mind.

“The ELECTRA ferry offers great appeal to many ferry operators in the Aegean and Mediterranean regions, who are currently evaluating their next generation highspeed craft fleet and want to comply to strict future emission regulations, reducing their environmental footprint asap” explains Pythagoras Nagos, former Chief Commercial officer of Hellenic Seaways, industry expert and a member of the ELECTRA advisory board.

The project has also gained traction with investors who are increasingly looking to fund green projects. “This would be a fantastic win for sustainable maritime transport and the blue economy. ELECTRA is the ideal zero emission catamaran to replace the aging fleet of Greek coastline hydrofoils and short haul ferries” says Spyros Poulios, Managing Partner at Athens-based impact investment fund Brace. “There is a real opportunity to form a coalition between our forward-thinking government, corporates, and global innovators to make industry-decarbonising projects like this a reality.”

Havila Voyages takes delivery of its first of four new coastal cruise ferries

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The Tersan Shipyard built HAVILA CAPELLA has been delivered to Havila Kystruten (Havila Voyages). The ship is on its way to Norway, where she will start her sailings on the traditional coastal route from Bergen on 1 December.

The owner says the ship has the world’s largest battery pack, with an autonomy of four hours.

Next ship will be delivered in January. Ships three and four arrive in the summer of 2022.

Havila Voyages is headquartered in Fosnavåg on Sunnmøre, and more than half of the shares are owned by the Sævik family.