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2021 newsletter week 48

Dec 02
4

Strong Performance for Attica Holdings S.A. in challenging times

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Consolidated revenue

Q3 +30.58% EUR 148.31 million

9M +17.32% EUR 270.50 million

EBITDA

Q3 +27.80% EUR 47.11 million

9M +10.18% EUR 42.74 million

EBIT

Q3 EUR +35.85% 33.34 million

9M EUR +29.40% 4.31 million

Consolidated Profit after taxes

Q3 EUR +32.74 million (12.14 million)

9M EUR loss 1.31 million (loss 28.81 million)

Outlook

Traffic volume will be affected by the evolution of the pandemic and any additional restrictive measures that may be imposed on the movement of passengers.

Marine fuels cost has significantly increased, burdening the operating expenses of companies. During Q3, the Group’s marine fuel costs increased by 74.5% compared to the corresponding period last year.

Key financial figures
Dec 02
4

ΑΝΕΚ Lines : a good summer, soaring bunker prices

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Gradual recovery of economic activity = increase in traffic = improvement of ANEK’s operational results.

Q3 (summer high season) saw a significant recovery compared to last year.

Sharp rise of bunker prices absorbed the benefit of the good season.

9M +18% turnover EUR 114.2

Q3 +35% turnover EUR 56.0 million

9M EUR 12.4 million (7.7 million in the first nine months of 2020)

Q3 EUR 13.1 million (10.0 million)

9M EUR profits of 4.2 million (losses of 0.7 million in the first nine months of 2020)

Q3 profits of 10.3 million (profits of € 7.2 million)

The upward trend of traffic in all categories of transport project of the Group continues in the months of October and November. However, fuel prices remain fluctuate to very high levels overburdening operating costs.

Dec 02
4

Stena RoRo’s first LNG dual-fuel E-Flexer SALAMANCA delivered to Brittany Ferries

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SALAMANCA, the second of five ships in the E-Flexer class ordered by Stena RoRo for Brittany Ferries was delivered on November 30.

  • Sixth E-Flexer of twelve ordered from the Chinese shipyard CMI Jinling (Weihai).
  • Chartered by Brittany Ferries on a long-term basis and has been especially adapted to the needs of the French ferry company.
  • First ship in the E-Flexer series with gas engines.
  • The interior has been designed by Richard Nilsson, Figura Architects.
  • Length 214.5m| 2723 lanemeters | 1,100 persons (passengers & crew)
  • Routes: Bilbao & Santander – UK (with SANTOÑA which joins fleet in 2023)
Dec 02
4

Rederi AB Gotland buys Belgian and bareboat charters to KiwiRail

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On November 24, 2021, Rederi AB Gotland said it has acquired the Kawasaki-class roro vessel VALENTINE from Cobelfret Ferries.

The vessel has been chartered out on a bare-boat basis to KiwiRail for traffic in the Cooks Sound between the North Island and the South Island of New Zealand.

VALENTINE is now on her way to New Zealand and is expected to arrive there during the second half of December.

Dec 02
4

ESPO asks for ambitious and coherent legislation on provision and use of clean energy infrastructure for shipping

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Europe’s ports welcome that the review of the current AFIR proposal is accompanied by provisions in the new FuelEU Maritime Proposal, which requires vessels to use shore-side electricity infrastructure at berth.

The alignment of requirements between what ports need to do and the obligations for shipping lines to use the infrastructure is one of the main points of ESPO’s joint position on the maritime pillar of the proposal for an Alternative Fuel Infrastructure Regulation (AFIR) and on the proposal for a FuelEU Maritime Regulation.

Europe’s ports ask for a full alignment of Article 9 of the AFIR proposal with Articles 4 and 5, as well as with Annex III of the FuelEU Maritime proposal.

Full article (ESPO)
Dec 02
4

Trasmed GLE protests

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Trasmed GLE, a ferry company part of Grimaldi Group, publicly protested against the Port Authority of the Balearic Islands for the alleged unfair competitive conditions in favour of the competitor Baleària.

The company headed by Ettore Morace complained about the fact that its vessel VOLCAN DEL TEIDE was obliged to wait for a berth off the port of Alicudi because of ferry NAPOLES.

As a consequence, Trasmed’s vessel had to berth one hour and a half later than scheduled. The case will be taken by Grimaldi Group’s subsidiary to the competent authorities for the antitrust in Spain.

Dec 02
4

RoRo AMIRA MARFAT is heading for scrap

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RoRo AMIRA MARFAT (former ALEXO, FINNMERCHANT, MERCHANT, FINNLAND), is on her way to Aliaga (Turkey) for scrap, flying the flag of Comoros.

The ship was sold by the Cypriot Salamis Lines last September to the Turkish Merfat Maritime, in the context of upgrading its shipping activities and renewing its fleet. She was purchased in January 2017 and replaced -on the Lavrion-Limassol-Haifa line- by the newer VASSILEIOS (1990).

Photo: Selim San