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2022 Newsletter week 34

Aug 29
0

Rederi Gotland prepares listing on Nasdaq First North Growth Market

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Rederiaktiebolaget Gotland, Sweden’s oldest passenger shipping company, announced its intention to implement a listing of the Company’s A shares and B shares respectively on the Nasdaq First North Growth Market.

No offer or sale of the Company’s A shares or B shares will take place in connection with the Listing.

“This is a natural and important step in our development. We want to create good conditions for value creation, better conditions for our shareholders, more clearly demonstrate our development and the exciting journey we have ahead of us.” comments Managing Director Håkan Johansson.

Aug 29
0

Flensburger Schiffbau-Gesellschaft (FSG) and Oceanex sign MoU for the design of a climate-neutral and highly efficient ConRo vessel

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During a German delegation trip to Canada, FSG Managing Director Philipp Maracke together with Sid Hynes, Executive Chairman of Newfoundland based Oceanex Inc., signed a Memorandum of Understanding for the innovative design of a climate-neutral and highly efficient ConRo vessel, critical to future vessel replacement planning at Oceanex.

Alternative fuels such as hydrogen, ammonia, methanol, synthetic and biofuels will be studied.

Oceanex has already two FSG-built conro’s in its fleet (rendering).

Aug 29
0

Viking Line 2022, H1: Strong demand partly offset high energy prices

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January–June 2022 (compared to January–June 2021)

  • Sales amounted to EUR 199.8 M (EUR 71.5 M)
  • Other operating revenue was EUR 8.3 M (EUR 33.6 M)
  • Operating income totalled EUR -8.0 M (EUR 4.5 M)
  • Net financial items were EUR -4.7 M (EUR -2.4 M)
  • Income before taxes amounted to EUR -12.7 M (EUR 2.2 M)
  • Income after taxes totalled EUR -9.8 M (EUR 2.7 M).

Second quarter 2022 (compared to second quarter 2021)

  • Sales amounted to EUR 141.0 M (EUR 46.9 M)
  • Operating income totalled EUR 10.1 M (EUR 12.2 M)

Revised outlook

Operating income for the financial year 2022 will somewhat worse than the figure for 2021. However, the figure last year was affected by capital gains to a much greater extent than this year. There is still a significant and material uncertainty due to the geopolitical situation and its impact on energy prices, inflation, interest rates and currencies as well as the impact that the uncertainty factors identified may have on people’s inclination to travel, demand and costs.

Statistics H1

+248% passengers 1,875,706

-8.8% cargo units 59,522

14.5% market share cargo (16.8%)

29.4% market share passenger cars 29.4% (31.4%)

Source: Viking Line
Aug 29
0

Molslinjen wins two ‘green’ tenders

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The Danish Ministry of Transport has announced that Molslinjen, after two tenders, will be awarded the next ten years for the ferry routes Alslinjen (Bøjden — Fynshav) and Samsølinjen (Kalundborg — Ballen)

Both routes will in future be operated by electric ferries powered by green electricity. The two ships will set completely new standards for electric ferries in Denmark.

Aug 29
0

Stena Line secures Grenaa till 2034

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Stena Line has signed a long-term agreement with the Port of Grenaa, Denmark to secure a stable ferry connection to Halmstad, Sweden until 2034.

“The Halmstad-Grenå route is of utmost importance for Stena Line’s position between Denmark and Sweden – this deal means that we can offer both freight customers and passengers a stable and efficient transport across Kattegatt, and it will allow us to continue our growth in the region”, says Christina Bromander, newly appointed Trade Director Denmark at Stena Line.

Aug 29
0

Decisive step in the design of the world longest-range, zero-emission ferries

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Lloyd’s Register has granted Approval in Principle for the hydrogen-fuelled ferries for Torghatten Nord AS.

This is an important step towards starting the construction of the two ferries. The ferries shall enter operation in October 2025.

Powered by green hydrogen, the two revolutionary ferries will have zero emissions during the 3.5 hours journey between Bodø and Lofoten.

Source: Norwegian Ship Design