2022 Newsletter week 35

• Color Line’s results are back to normal level in H1 despite the impact of the pandemic at the start of the year, high fuel prices and overall price increase
• The result is driven by positive developments in demand, increased ticket revenues, good customer values ​​and a stable freight market.
• Revenue NOK 2.2 billion (628,718 million same period last year)
• Operating profit NOK 238 million (loss of -48,280 same period last year)
• Passengers 1,405,360 (which is still 14% lower than H1 in last normal year 2019)
• Freight units 86,348 (which is 3.3% lower than H1 in 2021)

Outlook

Color Line expects an annual result at least in line with a normal year.

Click on cover below to access the report (via Oslo Stock Exchange)

Corsica Linea announced that its first LNG-powered ro-pax newbuilding named A GALEOTTA has been transferred from the Visentini shipyard in Porto Viro to the dry dock in the port of Trieste. After some final works the new ship will start the sea trials before the final delivery scheduled later this year.

The vessel will have the capacity to accommodate 650 passengers and 2,560 lane meters of freight. Also, the ship will be able to carry 150 cars on a separate deck.

Corsica Linea’s ferries provide year-round services from Marseille, the main trading port in France to the Mediterranean island of Corsica.

Dutch firm Titan will bunker Corsica Linea’s first LNG-powered ropax in Marseille, as part of a deal revealed in January this year. Titan will first provide truck-to-ship operations until its 4,500m³ LNG bunkering vessel KRIOS arrives.

The passenger traffic on the Greece-Cyprus ferry connection proved to be higher than expected. The line, that is currently served by the Japanese-built ferry DALEELA (1991) is seasonal and the demand from both countries is more than encouraging.

According to the Scandro Holding’s executives, more than 6,000 passengers and 2,000 vehicles and motorcycles have been transported until August 24.

By the end of the season it is estimated that an extra 3,000 passengers and 1,000 cars will be added to the total traffic.

The line will close on September 16, until the next summer season. It is subsidized annually with EUR 5.475 million, with a three-year contract and a possible extension for another three years.