Fuel cost and government actions: Color Line removes two ships

By 5 November 20222022 Newsletter week 44
November 5, 2022

Color Line has decided to end the operation of ropax COLOR VIKING on the Sandefjord-Strømstad route and roro COLOR CARRIER on the Oslo-Kiel route.

Strong price growth has led to a significant increase in the costs of fuel, shore power and commodity costs, while at the same time important framework conditions have been weakened. This particularly applies to the subsidy scheme for Norwegian seafarers, and in the proposal for the national budget for 2023, a further weakening of the scheme is proposed. In addition, the government proposes to further reduce the scope of the tax-free scheme, this time by halving the tax-free quota on tobacco for residents of Norway.

Both COLOR VIKING and COLOR CARRIER will be put up for sale in the global market.

Color Line says it will seek to minimize the number of redundancies through redeployment to other ships in the fleet and by offering voluntary schemes.