Category

2023 Newsletter week 5

Feb 03
0

A SeaJets family member acquires 5,48% of MIG stocks

By | 2023 Newsletter week 5 | No Comments

On Februray 1, 2023, the Athens Stock Market announced that Mrs Despoina Iliopoulou (daughter of Mr Marios Iliopoulos – Seajets), holds 5,48% of voting rights, through Ration Holding LTD, in Marfin Investment Group after the acquisition of shares on 31 January 2023.

By that agreement, Mrs Iliopoulou holds 51,525,000 voting rights out of 939,510,748 voting rights of the Issuer.

The announcement brings new developments to MIG’s ongoing transformation story, considering that with the control of 5.48% of MIG, the Iliopoulos (SeaJets) family becomes its second largest shareholder after Piraeus Bank.

SeaJets owns 17 passenger ships, most of which are high-speed crafts and connects 33 Aegean islands and Crete, while its fleet transport capacity is 3,500 cars and 20,000 passengers.

Feb 03
0

Ro-Ro ELIANA MARINO to be sold at auction by Moby

By | 2023 Newsletter week 5 | No Comments

The 2000-built ro-ro ship ELIANA MARINO will be sold at auction on 2 March 2023.

The ro-ro operated in bareboat charter by Moby and is owned by Peter Doehle Schiffahrts-KG group. Moby exercised the purchase option for the ELIANA MARINO. The deal should be completed before the auction date.

A public announcement has been published with a reported starting price of EUR 12.5 million.

The procedure specifies that the auction sale will be completed if Moby before will formalize the purchase since the purchase option has already been exercised.

The 2,500 lane metre ro-ro ship ELIANA MARINO has been operating for Moby since 2016 in bareboat charter and is currently deployed on Livorno – Cagliari.

Datasheet ELIANA MARINO by Cargo Vessels International (PDF)
Public Sales Portal (in Italian)
Feb 03
0

Grimaldi filed an opposition to the approval of Moby’s financial restructuring plan

By | 2023 Newsletter week 5 | No Comments

A statement from Moby published on the Luxembourg Stock Exchange [Bourse.lu] announced that competitor Grimaldi Euromed filed an opposition in the Court of Appeal to the approval of the Moby creditor’s composition plan “with an action once again aimed at preventing the continuation of the composition plan approved with the positive vote expressed by approx. 90% of Moby creditors and homologated by the Court of Milan on November 24, 2022.”

This new action is being brought by Grimaldi “despite the fact that the Court of Milan has

rejected in its entirety the previous opposition to the homologation, even declaring it unfounded, condemning Grimaldi to pay the judicial costs,” Moby stated.

The next hearing in front of the Court of Appel will be held on 2 March 2023.

The Vincenzo Onorato – controlled company concluded by saying: “Against this further legal action brought by Grimaldi, already rejected in the first instance, the Company is evaluating in appropriate legal venues any legal action aimed at defending its restructuring plan and the work of its employees.”

Feb 03
0

BLUE STAR CHIOS temporarily on the Tangier Med – Algeciras line

By | 2023 Newsletter week 5 | No Comments

Blue Star Ferries’ BLUE STAR CHIOS will serve temporarily on the Tanger Med – Algeciras line.

The ro-pax will be the replacement vessel during the annual maintenance of MOROCCO STAR, and MOROCCO SUN (Africa Morocco Link)

The Blue Star ship will serve in the Gibraltar Strait from February 10 to March 11, 2023 and will then return to Greek domestic waters.

Photo: Blue Star Ferries

Feb 03
0

Italian Bluferries is constructing a battery-hybrid double-ender ferry in Greece

By | 2023 Newsletter week 5 | No Comments

As announced earlier [Ferry Shipping News, 13 January 2023], Kanellos Brothers Shipyard at Perama (Greece) recently undertook the start of construction of a double-ended ferry on behalf of the Italian Bluferries, which is a subsidiary of the Italian state railway group, Ferrovie dello Stato Italiane S.p.A.

The design of the ship has been carried out by the Greek office C & T Perdikaris Naval Bureau.

Bluferries is implementing a fleet renewal program through the Greek shipyards and the new ferry will be a sister ship to SIKANIA (2021), which was built by the same yard. The ship will be hybrid (diesel & batteries) and will have a RINA classification.

She is expected to be delivered in 2024.

Feb 03
0

Brittany Ferries: SANTOÑA flies the French flag

By | 2023 Newsletter week 5 | No Comments

Ropax SANTOÑA, the second LNG-powered vessel after SALAMANCA, has joined the Brittany Ferries fleet on Thursday 26 January 2023.

This e-Flexer and 11th vessel in the Brittany Ferries will enter service on 1 March 2023 and will operate on the Cherbourg/Portsmouth and Portsmouth/Santander routes.

“Today, we reaffirm our eco-responsible commitment by flying it the French flag and operating it with French sailors,” said Jean-Marc Roué, Chairman of the Brittany Ferries Supervisory Board.

“At this time, bookings are more than 20% higher compared to the same period in 2022. We look forward to building on this momentum. Next year, our rail project between Bayonne and Cherbourg will strengthen our position on the freight market. This launch will be followed, at the end of 2024, by the delivery of two hybrid vessels, which will join the fleet in 2025.”

 Photo: Andrew Williamson

Feb 03
0

Shipbreaking Platform publishes list of ships dismantled worldwide in 2022

By | 2023 Newsletter week 5 | No Comments

According to new data released by the NGO Shipbreaking Platform, 443 ocean-going commercial ships and offshore units were sold for scrapping in 2022.

Of these, 292 large tankers, bulkers, floating platforms, cargo- and passenger ships ended up for dirty and dangerous breaking on tidal beaches in Bangladesh, India and Pakistan.

Whilst the South Asian shipbreaking yards experienced the lowest turnover in over a decade, with a significant drop in terms of the number of ships scrapped, they remained the preferred destination for end-of-life vessels, dismantling 80% of the global end-of-life gross tonnage.

The reasons for the plunge in the number of vessels scrapped in 2022 are multiple, with high ocean freight rates that made it profitable to continue operating older vessels and banks’ shortages in providing credits to companies for the purchase of end-of-life assets identified as the main drivers.

Looking ahead

Looking ahead, the number of ships that will need to be dismantled is expected to surge. At the same time, the growing focus on circularity and the urgent need to reduce carbon emissions provide opportunities to transform the ship recycling sector. Already, forward-looking governments are developing policies to increase access to scrap steel for green steel production, coupling that with measures to encourage the development of sustainable ship recycling capacity.

The European Union’s Green Deal is pushing major steel companies to explore ways of integrating ship recycling in their production line.

Download the list of dismantled ships in 2022 Ferries and ro-ro vessels are marked in yellow
Feb 03
0

Naantali Port Terminal to be renewed into a modern and bright terminal

By | 2023 Newsletter week 5 | No Comments

The complete renovation of the 1974-built ferry terminal built has begun, says the website of Port of Naantali.

The goal of the renovation is to bring the building to a level equivalent to a new building, for example in terms of functionality and energy efficiency.

In addition, the just-completed geothermal contract enables the premises to be heated and cooled using geothermal energy.

In August 2023, the 1st floor of the terminal building will be completed, which will serve as the departure and arrival lobby for foot passengers as from September.

The other facilities will be completed in the spring of 2024.

New offices will be offered for rent, also to potential new operators.

The first of Finnlines’ Superstar class ships, FINNSIRIUS, was launched already in August 2022. The two new ferries will operate from Naantali to Kapellskär.  (photo: Finnlines)

Feb 03
0

Portsmouth’s shore power facilities will be ready for the Brittany Ferries hybrids

By | 2023 Newsletter week 5 | No Comments

Portsmouth says on its website it is officially on track to become the UK’s leading shore power port, following confirmation it will accept an offer from Scottish and Southern Energy Network (SSEN) to secure extra power.

“In under two years we’ll be able to support multiple ships that have capacity to plug-in when they’re alongside the berth, reducing harmful emissions from running engines and meeting net carbon neutral ambitions ahead of the government’s 2030 target.”

The extra capacity from SSEN will provide an initial 15MVA, which starts the process of providing shore power through to the berths where the ships can plug-in. Installation will be completed by 2025, in time for major customer Brittany Ferries, who has two new hybrid ships which will operate from Portsmouth the same year, with the remaining fleet being converted to shore power by early 2027.