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2023 Newsletter week 40

Oct 06
0

Adria Ferries Confirms Acquisition of CRUISE SMERALDA for Its Fleet

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  • Adria Ferries, based in Ancona, Italy, has officially announced the acquisition of the ro-pax ferry CRUISE SMERALDA, previously owned by the Grimaldi Group.
  • The 1997-built CRUISE SMERALDA will begin its service in November, connecting both sides of the Adriatic Sea by operating between Italy and Albania.
  • Ferry Shipping News was the first to reveal this acquisition in September when the vessel, boasting a capacity of 1,500 passengers and 2,200 lane meters, was still in service with Finnlines, a part of the Grimaldi Group, on the Malmö – Travemünde route.
  • CRUISE SMERALDA arrived at the port of Ancona last week, marking a significant addition to Adria Ferries’ fleet.
  • Adria Ferries has reported impressive financial performance in 2022, with revenues of EUR 68 million and a profit of EUR 18 million. The company had been actively seeking additional tonnage for the past year to further enhance its operations.
Oct 06
0

Moby’s Ro-Ro BENIAMINO CARNEVALE Sold at Auction

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  • Moby’s ro-ro ship, BENIAMINO CARNEVALE, built in 1992, was sold at auction by Compagnia Italiana di Navigazione for EUR 3.25 million.
  • Turkish interests were rumored to be interested in the vessel.
  • The sale is part of Moby’s financial restructuring plan approved by the Court of Milan.
  • BENIAMINO CARNEVALE has a capacity for 99 passengers and 1,820 lane meters.
  • In October 2019, Tirrenia previously sold the ship for EUR 12 million to a North European buyer, but the deal fell through due to delays from banks, causing the sale terms to expire.
Oct 06
0

Attica Group H1 2023 Financial Results

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Attica Group’s financial results for H1 present an increase in revenue in both geographical segments the Group operates in, namely domestic and international routes.

  • +21% consolidated revenue MEUR 244.26
  • +18% increase in the number of sailings, as well as increase in vessels utilization rate, supported by the lifting, since mid-March 2022, of the state imposed reduced capacity protocol for passengers (due to Covid-19 restrictions).
  • EBITDA MEUR 47.49 (losses of MEUR 9.61 in H1, 2022)
  • Consolidated profit after taxes MEUR 3.25 (consolidated losses after taxes of MEUR 30.54 in H1, 2022).
  • Group operating expenses, MEUR 190.6 (MEUR 211.91 in H1, 2022) affected mainly by the decrease in fuel prices and partially counterbalanced by the increase in crew expenses and vessels maintenance and repair costs.
  • The increase in Group revenue, combined with the reduction in operating expenses during the same period, led to an increase in gross profit, as well as consolidated profits before taxes, investing and financial results, depreciation and amortization (EBITDA).
  • Group Equity stood at MEUR 362.51 from MEUR 357.75 as at 31 December 2022.

Traffic Volumes in H1, 2023

2.4 million passengers +14.2%

365,000 private vehicles +3.7%

209,000 freight units +0.5%

 

Developments within Current Year

During the two-month period July – August 2023, the Group increased its turnover by 2.6% compared to the corresponding period last year.

For the entire fiscal year 2023, an increase is expected in the turnover and the net income of the Group compared to fiscal year 2022.

The key factors that will further determine the financial performance mainly relate to traffic volumes and international fuel prices evolution, the latter currently presenting intensely rising trends.

Source: Attica Group

Oct 06
0

Tallink Grupp September and Q3, 2023 Statistics

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Trends:

  • Passenger statistics continue to show post-crisis stabilising despite the continuing economic challenges and price hikes, with comparable routes and vessels showing year-on-year improvements.
  • More of “home market” customers return to the ships,
  • Gradual return and increase in the number of Asian passengers. The number of Asian passengers has almost doubled in Q3 this year compared to last year, with travellers from South Korea, India, China, Japan and Taiwan topping the Asian passenger charts between July and September.
  • The general economic situation in home markets is fragile, which is mostly evident in the cargo unit figures, but also has a wider impact on consumer behaviour.

Outlook

“While the summer did not see huge price hikes that would have a significant impact on our business, September has already brought a rather rapid marine fuel price increase, which we will unfortunately have to continue to pass on to our customers through the fuel surcharge, which we monitor and review regularly.”

Paavo Nõgene, CEO of Tallink Grupp

Oct 06
0

Enabling Growth Through Digital Transformations

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Brock Solutions would like to thank everyone who made the 2023 Ferry Shipping Summit such a success and congratulate Rosslare Europort, on winning the prestigious “European Port of the Year Award.” We are proud to be an integral partner in their digital transformation journey.

As we look back and reflect on the insights we gained from the incredible speakers and industry professionals who attended this conference, one of the key themes that emerged is how digital technology can bridge the silos that often impact efficiency and innovation for the maritime sector.

Ports and shipping lines face complex challenges that require integrated solutions. Regardless of your goals, digital technology can enable and accelerate the growth of your business, helping you manage and leverage real-time operational data so you can understand your entire operational story, make data-driven decisions, and improve collaboration across multiple stakeholders, both inside and outside of your organization.

Oct 06
0

In September, the Port of Santander breaks its records for both monthly and accumulated traffic since January

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The Port of Santander has obtained between January and September a cumulative total of 5,246,139 tons compared to 4,679,263 in the same period of the previous year, which represents an increase of 12.1%.

Regarding traffic for the month of September, this stands at 738,479 tons, which represents an increase of 33.0% compared to the same month of 2022.

Source (in Spanish): Puertosantander.es

Oct 06
0

Port of Thessaloniki invests in the Port of Volos

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On September 28, 2023, the Board of Directors of HRADF (the Hellenic Republic Asset Development Fund) decided to declare ThPA S.A. (Thessaloniki Port Authority) as the Preferred Investor for the acquisition of 67% of the shares of “Volos Port Authority S.A.”, the managing company of the Port of Volos, for a price of EUR 51 million.

ThPA S.A.’s participation in HRADF tender for the utilization of the Port of Volos was decided by the Company’s Board of Directors following a comprehensive market analysis and an assessment of the Volos port’s development prospects.

The decision to participate in this tender is consistent with ThPA S.A.’s strategic business goals for the development and provision of a multi-gateway intermodal network and logistics solutions for the Balkans and the broader Southeast, Central and Eastern European region.

In this context, the expansion of ThPA S.A.’s activities through its participation in Volos Port Authority S.A. aims to serve more effectively the needs, both in the market of Central and Northern Greece and internationally, creating added value to the Greek economy and society.

Oct 06
0

Kapellskär is the First Swedish Port with Vacuum Automooring

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Finnlines’ new ship, FINNSIRIUS, introduced innovative technology at Port of Kapellskär:

  • Automatic mooring with vacuum pads and next-generation electrical connection systems were implemented.
  • The vacuum technology allows for secure and rapid mooring and unmooring of vessels in less than 30 and 15 seconds, respectively.
  • The upgrade in technology was made in collaboration with Finnlines to enhance sustainability, safety, and operational efficiency.
  • Automatic mooring with vacuum technology eliminates the risk of personal injury, a significant improvement over traditional mooring with ropes.
  • The reduction in mooring time allows the ship’s engines to be shut down earlier, resulting in substantial fuel savings and reduced NOx and CO2 emissions, especially when combined with shore power.
  • FINNSIRIUS connects to shore power in Kapellskär harbor using the PowerReach NxG crane, delivering up to 4 MVA of power.
  • Shore power significantly reduces fuel consumption and emissions while improving working conditions by reducing noise and ship vibrations.
  • All of Stockholm’s harbors have been equipped with shore power connections, a technology in use since the 1980s.
  • The facilities for automatic mooring and shore power in Kapellskär harbor are partly funded by the EU project “Upgrade of the Baltic Sea bridge Kapellskär – Naantali (MoS Finnlink)” and national investment support from Klimatklivet.