ANEK, H1 Results

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+ The sharp recovery from the pandemic in conjunction with the considerably positive developments in tourist traffic and the relevant proceeds during the summer period, created optimism regarding the performance of the sector and the Greek economy in general.

– However, the deterioration of the international economic climate with the ongoing geopolitical instability and energy crisis, led to an increase in costs and prices in general, preserving a climate of uncertainty.

– Huge increase in the price of fuels that formed in unprecedented levels, burdened excessively the operating cost, absorbed the benefit from turnover increase, worsened significantly the operating results and prevented the effort to preserve adequate working capital.


-15% itineraries / +61% pax / +28% vehicles / -11% freight units

Financial figures

+28% Group Turnover EUR 74.2 million

+13% Parent company turnover EUR 64.7 million


Group losses of EUR 12.0 million over EUR 0.7 million

Parent Company losses of EUR 11.7 million versus EUR 1.6 million.

Financial Results

The net financial cost of the Group and the Parent Company amounted to EUR 5.6 million versus EUR 5.4 million.

Net Results

Consolidated net results after taxes and minority interests for the first half of 2022 amounted to losses of EUR 22.6 million over EUR 12.1, while correspondingly, Parent Company’s net results after taxes formed at losses of EUR 20.7 million versus EUR 11.9 million.

ANEK > Attica

On 26 September 2022, the Company’s Board of Directors decided –following the agreement between Attica and the major creditors and shareholders of ANEK– the commencement of the procedure

Tallink Grupp reports largest quarterly passenger number since 2019

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The September figures reflect the fact that as of 20 September 2022, six of the company’s vessels are chartered out.

+26.5% pax / +0.6% freight units / -4.7% pax vehicles


The biggest passenger number increase during the quarter was on the Finland-Sweden route with the passenger number increasing in Q3 2022 by a total of 82.2% compared to the same period last year.

The Estonia-Finland route also saw significant recovery in passenger numbers during the quarter year-on-year with the passenger number up in 2022 by 61.7%

+65.5% pax / +13.1% freight units / +21% passenger vehicles

Commenting on the statistics, Paavo Nõgene, CEO of Tallink Grupp said: 

 “As we enter the last quarter of this turbulent year, we have taken several steps to secure our business over the low season, both through unpleasant, but vital price increases as well as various charter agreements for our vessels. Although the latter means that we have less services to offer our loyal customers over the coming months, it also means that we have secured the future of these vessels in our fleet and will be able to offer more of these services again once our vessels return to the Baltic Sea.”

Grimaldi (1): announced new orders and new lines at the XXV Euromed Convention

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At the occasion of the XXV Euromed Convention held in Sorrento, small village not far from Naples, where Gianluigi Aponte (MSC) was born, the Grimaldi Group made some interesting announcements.

2 more GG5Gs

CEO Emanuele Grimaldi revealed that a new order for further two GG5G roro ships has been signed with Jinling shipyard, taking the total number of ships of this project to 14.

The next two will cost roughly $100m each, some 30% more than the first 12 ordered in 2018 for $66m per unit.

10 more PCTCs

Grimaldi also confirmed that before the end of the current month, another order for 10 Pure Car Truck Carriers will be signed with a shipyard part of the China Merchants group for a contract worth $1billion and with delivery expected from 2025 onwards.

Far East

After having consolidated its market position in the Mediterranean, Northern Europe, North and West Africa and the east Coast of America, Grimaldi Group started covering the Far East to Europe route with car carriers following the demand and strong interest coming from various car manufacturers. At least 7 ships will be deployed on the new line calling the ports of Busan (South Korea), Singapore, Shanghai, Tianjin and Guangzhou (China), Chiba (Giappone), Port Kembla and Brisbane (Australia), Dammam and Jeddah (Saudi Arabia), connected with Gioia Tauro in Italy and Antwerp in Belgium.

Roro > Ropax

As for the local ferry market in Italy Emanuele Grimaldi anticipated the intention to extend to the passenger transport the lines currently operated only for roro freight traffic between the ports of Naples, Palermo and Cagliari.

Grimaldi (2): about the Hellenic Coastal Shipping and ports

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Attica-Anek Lines agreement

“Wait and see” said CEO Emanuele Grimaldi. He does not consider the agreement finished since the decision of the Competition Commission is pending.

Buying Attica?

To the question about whether he would be interested in buying Attica Group, sometime in the future, he said that “We have not heard of Attica being sold.  In any case, for there to be a buyer, there must also be someone to sell.”

However, in such a hypothetical deal, he hinted that there would be an issue with the Competition Commission and the anti-trust law.

Greek ports

About the ports of Igoumenitsa and Heraklion that Grimaldi Group is interested in, he mentioned: “Many people think we play aggressively. But the reality is that we play defence. Because in both ports, Grimaldi Group is the big customer. Some 60% of the port of Igoumenitsa’s revenue comes from us.

So, what we are trying to do by participating in both tenders for the ports of Igoumenitsa and Heraklion, is to protect our investments.

Unlike to other financial investors, the Grimaldi Group does not seek profit nor does it intend to increase fares. I am the biggest user of these ports and want to see them grow and improve their services.”

Especially in Igoumenitsa his plans include the development of trade roads around the axis of Egnatia motorway, while at the port of Heraklion he underlined that Minoan Lines has significant presence.

One of the world’s largest fast ferries has been launched at Austal’s fast ferry yard in the Philippines

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EXPRESS 5, the new Molslinjen ferry, is the world’s largest in terms of the number of cars and passengers.

The ferry can accommodate up to 1,610 passengers and 451 cars on two car decks.

The interest in Bornholm has increased so much that the capacity on the ferry route (to Ystad) was quickly challenged, and therefore Molslinjen together with the Ministry of Transport decided already in 2019 to place an order for the construction of EXPRESS 5.

EXPRESS 5 is to be handed over to Molslinjen around the turn of the year 2022/2023.

First trip with passengers on 20 March 2023.

Ropax OLYMPUS: for sale again

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The tender for the sale of the Sea Speed Lines RoPax OLYMPUS is expected on October 12, 2022.

The tender is directed against the ship’s owner, which had also acquired her through auction in 2018.

OLYMPUS was supposed to replace Anek Lines’ PREVELIS on the Piraeus-Sitia-Kasos-Karpathos-Diafani-Chalki-Rodos and Piraeus-Santorini-Anafi subsidized lines as from 22 July2022. She never sailed, which led to the reactivation of PREVELIS and the layup of OLYMPUS.

Gotlandsbolaget launches second zero-fossil-fuel project

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Gotlandsbolaget is launching its Gotland Hydrocat ferry concept, the world’s first large-scale, high-speed catamaran powered by fossil-free hydrogen.

This is the second vessel in the Horizon Series – Gotland Company’s concept for next-generation vessels.

The vessels are designed to be powered by fossil-free hydrogen. However, both vessels have a multi-fuel solution which allows them to be run on other fossil-free fuels with a relatively simple adjustment.

The work on developing all the necessary technology continues, and the ambition is to order Gotland Hydrocat by 2025 and have it in service by 2030.

Gotland Company has developed the model and the design of Gotland Hydrocat in partnership with Austal.

Baltic cruise ferry AMORELLA arrived in Italy

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  • Corsica Ferries’ newest acquisition —the 1988-built AMORELLA from Viking Line— has arrived in Genoa.
  • Reported sales price is EUR 19.1 million.
  • Book value as of 30 June 2022 EUR 3.2 million.
  • Length 170m, pax 2,480 and lane metres 970
  • The vessel, soon to be renamed MEGA VICTORIA, will be repainted by Zincaf Ship Repair Yard in Genoa. She follows the former MARIELLA (renamed MEGA REGINA) bought last year from Viking Line too.