Viking Line: Revised outlook for the 2022 financial year

By | 2023 Newsletter week 2 | No Comments

During the latter part of Q4, the company’s passenger operations have

performed better than expected, which has improved the company’s results.

In the previous outlook, uncertainty factors such as the geopolitical situation and its impact on energy prices, inflation, interest rates and currencies have been cited as having a negative impact on the result.

These have not had as strong an impact as previously feared.

Viking Line Abp assesses that the operating result for 2022 will be slightly better than 2021

and that the result before taxes is expected to be on par with 2021.

The previous view was that operating income was expected to be somewhat worse than for 2021.

Third Singapore-built ferry on its way to Norway

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Sembcorp Marine delivered LEIKANGER, the last of three fully battery-operated ferries for Norled. The vessel is on its way to Europe onboard a Rolldock heavy lift vessel.

Sisters HELLA and DRAGSVIK were delivered in March and July 2022.

The ferries run on lithium-ion batteries charged by hydro-electric energy power. The vessels can also operate in hybrid mode using combined battery-diesel power as an alternative.

The zero-emission vessels are based on a proprietary design developed by Sembcorp Marine’s wholly-owned subsidiary, LMG Marin AS.

Port of Antwerp-Bruges stable in 2022 Unaccompanied roro cargo successful

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2022 was a year of challenges for Port of Antwerp-Bruges. Geopolitical tensions, the energy crisis and ongoing disruptions in supply chains made their presence felt.

The challenges were most palpable in container traffic. Container throughput fell 8.6% in tons and 5.2% in TEUs in 2022, compared with a strong 2021, back to pre-pandemic levels.

Total roro traffic (including PCTC traffic) saw an increase of 6.5%.

More than 3.26 million new cars were handled in 2022, an annualised growth of 10.5%. Throughput of ‘high & heavy’ rolling stock increased by 9.6%, while throughput of used cars and trucks decreased by 13.2% and 17% respectively.

Unaccompanied cargo (excluding containers) grew 10.0%, a significant portion of which was related to the United Kingdom (+4.9%) and Ireland (+35%).

Former ROSELLA will be delivered to Aegean Sea Lines on January 16

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Aegean Sea Lines’ crew is currently working at the Port of Mariehamn preparing the former ROSELLA for delivery to her new owner, the Greek Aegean Sea Lines.

The Viking Line ship was sold in December 2022 for EUR 11,25 million.

She will be delivered on January 16, 2023 and renamed ANEMOS.

The ropax will be introduced on the Piraeus- Western Cyclades route on the summer 2023, after a small-scale conversion.

Currently, she is having her original name and livery erased while she is expected to raise the Greek flag within the next days.

Leve Ferries’ NISSOS AEGINA chartered to ANES Ferries

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According to latest information, Leve Ferries’ NISSOS AEGINA (ex MIDSLAND) will be chartered to ANES Ferries for the next 3 years with a purchase option.

The ship will be dry docked on January 17, 2023 in order to change her livery. Then she will be introduced on the Piraeus – Aegina/Agistri line.

In June 2022, she was chartered shortly to Joy Ferries for service on the Igoumenitsa-Paxoi line. She stopped sailings in August 2022 and returned at Frantzis Shipyards (Perama), where she was laid up until today.

Photo: Vessels Finder