Stena AB: Interim Report

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Period: three-month period 1 January – 31 March 2022 (compared with same period last year)

Stena AB

  • Consolidated EBITDA: 1,960 (1,054) million SEK
  • Consolidated EBITDA, excluding net gain on sale of assets and change in fair value of investment properties: 1,711 (845) million SEK
  • Result before taxes –701 (–1,129) million SEK
  • Strong liquidity position. As of 31th of March 2022 available liquidity amounted to SEK 18.0 billion.

Ferry Operations

  • Revenue 3,315 (2,312) million SEK
  • Operating profit/loss –61 (–299) million SEK
  • EBITDA 668 (317) million SEK
  • +6% freight volumes
  • +126% car volumes
  • +84% passenger volumes (mainly due to Covid-19 restrictions on travel in 2021.

RoRo Operations

  • EBITDA from chartering out roro vessels 139 (73) million SEK mainly due to the delivery of CÔTE D´ OPALE in May 2021 and SALAMANCA in November 2021, offset by vessels sold in 2021.

Roro service Zeebrugge – Scotland could start in 2023

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“Ptarmigan Shipping and DFDS have signed an agreement with the intention to further investigate the possibility for a new ferry route between Rosyth and Zeebrugge with a target date being early 2023 for freight.” (Statement release)

Ptarmigan Shipping Ltd is based in Glasgow and has industry expert Mr Derek Sloan as director (former Norfolkline, Norse Merchant…).

The photo is 20 years old, when Superfast Ferries had a ropax service between Zeebrugge and Rosyth.

DALEELA: Arrived in Piraeus —from Cyprus— on June 20

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On the afternoon of June 20, Scandro Holding Ltd’s RoPax DALEELA arrived for the first time at the port Piraeus, from Limassol, reopening the ferry connection between Greece and Cyprus after 22 years.

The ship was carrying 155 passengers, 38 vehicles and 7 motorcycles, as well as several officials, including the Deputy Minister of Shipping of Cyprus Mr. Vassilis Dimitriadis.

After the ships’ arrival at the port statements were also made by the Greek Deputy Minister of Shipping Mr. Kostas Katsafados and the Deputy Minister of Tourism Mrs. Sofia Zaharaki.

The ferry connection is subsidized with EUR 5,475 million per year, with a three-year contract and with a possible extension for another three years.

DALEELA will operate 22 round trips, as the line is seasonal.

Photos: voyagair.shipspotting (Christos Chatzaras)

Prince: Eventually arrived in Alang for dismantling

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On June 18, 2022, the veteran PRINCE (former PRINSESSAN BIRGITTA, STENA SCANDINAVICA, SCANDINAVICA, TARAK L, VENUS, KING OF SCANDINAVIA, CESME, WIND AMBITION, PRINCE) was beached at Alang, as the RICH, for dismantling.

She left Greece on July 2021 as the PRINCESS with destination Sri Lanka. Then she was seen at Chittagong and Bengal Bay, before arriving in India.

The famous ferry was sold in Greece in 2018 and served on the Patras-Igoumenitsa-Brindisi run as PRINCE, for A-Ships Management until 2020.

Photo: Shipbreaking (fb)

Brittany Ferries’ Saint-Malo will be the largest hybrid-vessel ever built

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Brittany Ferries SAINT-MALO will be the world’s largest hybrid ship, when she joins the fleet in 2024. Her batteries will boast a capacity of 11.5 MWh, approximately double that typically used for hybrid propulsion in marine vessels.

To improve efficiency further, she will integrate multiple systems allowing real-time, energy optimisation while sailing. Optimised energy efficiency, hybrid power and shore-side plug-in has the potential to yield an improvement of up to 15% on greenhouse gas emissions compared with diesel propulsion – according to engine and battery supplier Wärtsilä

In total, StenaRoRo are constructing three hybrid ships, supplied with Wärtsilä hybrid technology. Two were specified by Brittany Ferries, with recently named SAINT-MALO (destined for the St Malo – Portsmouth route) scheduled for delivery in 2024. Shortly thereafter, an as-yet-unnamed hybrid will join the fleet, running the company’s most popular Caen-Portsmouth route.

The hybrids will replace BRETAGNE and NORMANDIE respectively, two of the longest serving vessels in the family.

Source: Brittany Ferries

BALTIC ENABLER complements the duo

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Chinese shipyard CIMC Raffles has delivered BALTIC ENABLER to its owner WALLENIUS SOL (22 June).

BALTIC ENABLER, together with her sister ship BOTNIA ENABLER delivered earlier in the spring, has been named RoRo vessel of the year at the Ferry Shipping Summit 2022.

She is considered to be the world’s largest ice-rated ConRo vessel with multi-fuel operation.

The newly built vessel, which has Finnish-Swedish ice class 1A, an LOA of 242 metres and a beam of 35.2 metres, is sailing under the Swedish flag. In addition to their size, the Enablers are characterized by their high environmental performance and a design specially suited to the shipping requirements of the Swedish and Finnish base industry. According to Swedish Environmental Research Institute (IVL) estimates, the vessels will be able to reduce greenhouse gas emissions by 63%, NOx by 96% and SOx and particulates by 99%.

Once in Europe she will begin trafficking her regular Zeebrugge-Antwerpen-Kokkola-Skelleftea-Oulu-Kemi-Travemünde route.

Wallenius Marine in collaboration with Knud E Hansen led the design work and the construction project for the two sister ships. Wallenius Marine will also be responsible for manning and technical operation of the new vessels.

Ice class: 1A Super

Type of vessel: ConRo

LOA: 242 m

Beam: 35.2 m

Deadweight: 27,000 tonnes

Cargo capacity: 5,800 Lane metres

Max speed: 20 knots

Engines: Multi-fuel (LNG, LBG, diesel and synthetic diesel)

Second tender for 2+1 highspeed ferries launched by Italy’s RFI

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Following the previous failed attempt, Rete Ferroviaria Italiana has just launched a new public tender aimed at finding shipyards interested at building a pair of new dual-fual highspeed ferries to be operated by BluJet in the Strait of Massina.

The tender price stands now at EUR 52.19 million for two vessels (i.e EUR 26 million per unit) with an option for a third unit at a price of EUR 22.5 million.

Each ferry will have to be 50 metres long with a passenger capacity of 350.

Expiring date for submitting offers is September 30th and delivery date should be first half of 2026.

Intermarine officially announced a new order from SNAV for one highspeed ferry

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Italian Marinvest (a company of the MSC Group) and Naples-based ferry firm SNAV officially announced the signing of an order with Intermarine shipyard for a new hybrid monohull highspeed craft to be delivered in 2024. It will be deployed on the routes in the Gulf of Naples.

Technical details:

58.2m length | 11.5m beam | 738 pax and 12 crew members | 34 knots maximum speed

A project by Intermarine’s Messina research centre