Sep 22
Love0

ANEK Group presented its H1 results

By 2023 Newsletter week 38
  • Strengthened turnover and reduced losses.
  • Lower fuel prices improved operating results.
  • However, due to the losses of the first half -which was burdened by the high financial costs, mainly due to the increased interest rates- the deterioration of capital adequacy continued, with the Company’s equity on 30.06.2023 being negative by € 91.9 million.

Key Figures (H1 2023 versus H1 2022):

  • Same number of itineraries compared to the first half of 2022,
  • +28% passengers 328,000
  • +13% vehicles 67,000
  • +0% trucks 58,000
  • Group turnover: € 81.884 million (€ 74.222 million).
  • Parent company turnover: € 73.287 million (€ 64.732 million).
  • Consolidated cost of sales: € 77.851 million (€ 81.771 million).
  • Parent company cost of sales: € 72.275 million (€ 73.272 million).
  • Group gross profits: € 4.033 million (€ -7.549 million).
  • Parent company gross profits: € 1.012 million (€ -8.540 million).
  • Consolidated EBITDA: losses € 2.442 million (€ -12.031 million).
  • Parent company EBITDA: losses € 4.388 million (€ -11.668 million).
  • Group net results after taxes and minority rights: € -16.199 million (-€ 22.580 million).
  • Parent company net results after taxes: € -16.900 € million (€ -20.735 million).

 

(Μ €) 6M 2022 6M 2023
Sales 74.2 81.9
Gross Profit -7.5 4.0
EBITDA -12.0 -2.4
EBIT -16.5 -6.8
EBT -21.9 -15.5
EATAM -22.6 -16.2

 

Source: ANEK Group

Sep 22
Love0

Fjord Line will no longer operate the ferry route between Sandefjord and Strömstad

By 2023 Newsletter week 38

Stopping the shortsea route between Norway and Sweden on 29 October 2023 is a strategic move to concentrate operations around the sailing routes between Norway and Denmark.

Fjord Line wants:

  • To further develop the shipping company around tourism products.
  • To continue to be a central player for both passenger traffic and freight transport between Norway and the continent.

Ro-Pax OSLOFJORD is for sale.

The same route will still be operated by Color Line, with one vessel: COLOR HYBRID.

The other route vessel, COLOR VIKING, ceased operations on the Sandefjord – Strömstad route on 22 November 2022.

The route was very popular amongst Norwegians for shopping in Sweden.

Sep 22
Love0

ForSea brand discontinued

By 2023 Newsletter week 38

The ferry company on the route between Helsingør and Helsingborg is changing its name. The current ForSea will become Øresundlinjen.

This is the effect of Molslinjen’s purchase of the Helsingborg-based shipping company in autumn 2022.

Molslinjen expects the entire rebranding as well as new paint and logo on all ferries to be completed during 2025.

The first ferry, TYCHO BRAHE, is scheduled to return to service on 4 October 2023.

Sep 22
Love0

Ro-Ro ECO MALTA heralds a new era for the port of Igoumenitsa

By 2023 Newsletter week 38

With the arrival of the first Ro-Ro vessel in the operating years of the Port of Igoumenitsa, a new era begins for the unaccompanied cargo services as well as the reinforcement of the Port’s server project with its inclusion in the Patras – Igoumenitsa – Bari – Venice route.

The 7,800 lane metre ECO MALTA is owned by the Grimaldi Group and according to the Italian classification society RINA, this series of ships is seven times more efficient than the existing ships.

Sep 22
Love0

“Tell me how much is needed to offer a subsidized link from Porto Torres to Asinara island?”

By 2023 Newsletter week 38

After three unsuccessful attempts to award the subsidized ferry route between Porto Torres and the island of Asinara, which is currently served by Delcomar, the Sardinia Region has officially reached out to the Italian shipowners’ associations, Confitarma and Assarmatori, seeking information and recommendations.

This request is not for the immediate determination of a specific subsidy amount (currently, the agreement is valued at approximately EUR 1.5 million annually). Instead, the Region’s competent Directorate General has highlighted ‘the ongoing market failure situation faced by the Sardinia Region due to the lack of interest from shipping companies in participating in the procurement process for the mentioned maritime connection service,’ as stated in an official announcement.

Before initiating a fourth public tender in the near future, the shipowners’ associations have been requested to ‘provide any pertinent information or data by September 30th, which will be valuable in the preparation of the forthcoming tender documents.

Sep 22
Love0

Refit of ACTV’s MARCO POLO 1 ferry awarded to S&Y

By 2023 Newsletter week 38

The process of renewing the fleet for the local public maritime transport company in the city of Venice is ongoing. AVM (Azienda Veneziana della Mobilità), having secured several contracts through successful tenders, including one for the construction of two double-ended ferries, has now awarded a refurbishment contract for the MARCO POLO 1.

This small ferry, originally built in 1983 by the local De Poli shipyard, will undergo renovation work valued at over EUR 4.2 million, awarded to S&Y Srl.

Notably, other companies such as Siman, Cantieri del Mediterraneo Spa, and the Croatian firm Viktor Lenac were also invited to participate in this restricted procedure initiated by Avm, the parent company of Actv (Venice Transport Consortium Company) shipping line.

The refurbishment of the MARCO POLO 1 is part of a broader investment plan aimed at modernizing the fleet of vessels used for local public transport in the Venice lagoon.

Approximately EUR 155 million, sourced from the Veneto Region, will fund the construction of 32 new ships, the development of several pontoons, and the refurbishment of 37 existing vessels.

Sep 15
Love0

DFDS August volumes: freight closing in further on 2022, passengers up 3%

By 2023 Newsletter week 37

Ferry – freight

  • Total volumes in August 2023 were 4.6% below 2022. Volumes were 1.6% below 2022 adjusted for Channel.
  • North Sea volumes were above last year driven by higher volumes on most routes.
  • Mediterranean’s volumes were below last year as growth is being reduced by measures to curb inflation in Türkiye and a slowdown in European demand.
  • Channel volumes were below 2022 which still reflects the redistribution of market shares that took place in August 2022 in the wake of a P&O Ferries’ suspension of sailings in 2022.
  • Baltic Sea volumes closed in further on 2022 with one route transporting volumes above 2022.
  • For the last twelve months 2023-22, the total transported freight lane metres decreased 10.9% to 38.7m from 43.4m in 2022-21. The decrease was 4.2% adjusted for Channel.

Ferry – passenger

  • The number of passengers increased 2.8% driven by more passengers in all three passenger areas.
  • The number of cars decreased 0.8% due to mainly fewer cars between the Netherlands and the UK.
  • For the last twelve months 2023-22, the total number of passengers increased 48% to 4.4m from 3.0m in 2022-21.
Sep 15
Love0

Smyril Line expands fleet

By 2023 Newsletter week 37

Smyril Line has purchased Ro-Ro SEAGARD (1999) from Bore Ltd.

The vessel will be delivered to Smyril Line first week of January 2024 and will be renamed GLYVURSNES.

She will replace time chartered vessel MISTRAL (Godby Shipping) and will go into regular service between Tórshavn, Faroe Islands, Þórlakshöfn in Iceland and Hirtshals in Denmark.

When GLYVURSNES enters service, Smyril Line will own all 6 vessels in its fleet:

Ro-Pax NORRÖNA and Ro-Ro/Multi-Purpose vessels MYKINES, AKRANES, HVÍTANES, EYSTNES and GLYVURSNES.

Sep 15
Love0

Scandlines’ new zero direct emissions ferry approaching launching

By 2023 Newsletter week 37

At the Cemre shipyard and at the ferry terminals in Puttgarden and Rødby, everything is currently being prepared for the deployment of Scandlines’ new zero direct emissions freight ferry.

“PR24” will be launched in Q4.

The ferry terminals in Puttgarden and Rødby must also be prepared. Scandlines is currently installing a new and stronger ramp to the upper car deck in ferry Berth 3 in Rødby, as the PR24 will be transporting lorries on both the upper and lower deck. At present, a large crane is removing the current 59m ramp to the upper car deck.

When the ferry starts operating on the Fehmarn Belt in 2024, the world’s largest battery system of 10 MWh can be charged in just 17 minutes in Rødby. With green power, of course.

In 2019, Scandlines invested in a 50 kV / 25 MW power cable to Rødbyhavn. This cable has now been extended approximately 1.2 kilometres to the new transformer between ferry Berth 2 and 3. The supplier NES (Norwegian Electric Systems) is expected to begin the installation of the transformer, control and switchgear equipment and charging station for the new ferry in the autumn.

Now Scandlines is investing in a 30 kV / 15 MW power cable including transformer and charging station for the port of Puttgarden. As of 2025, this will reduce the charging time to just 12 minutes in each port and allow the ferry to cover the 18.5 km between Puttgarden and Rødby in 45 minutes with zero direct emissions.