The shipping company has managed to reduce its liabilities by 526 million euros in a scenario conditioned by rumors of sale
Debt for shares . With this restructuring maneuver , in which giants of the financial and capitalist universe such as JP Morgan, Deutsche Bank, Barings, BlackRock or Cheyne have participated , the Canarian company Naviera Armas has managed to reduce its liabilities by EUR 526 million.
Outlook 2023
The outlook for EBITDA of DKK 4.5-5.0bn before special items includes continued growth but also assumes a European economic slowdown, negative impacts from the war in Ukraine, and overcapacity on the Channel. Revenue is therefore overall expected to remain at the same level as 2022.
Click here for a detailed outlook on page 10 in the full report
https://www.dfds.com/en/about/investors/reports-and-presentations/q4-report-2022
“2022 turned out to be the best year financially in DFDS history” Torben Carlsen, CEO
Ferry – freight
Ferry – passenger
On February 8, 2023, it was announced that SeaJets of Mr Marios Iliopoulos acquired the cruise ship COSTA MAGICA.
This 4,000-pax cruise ship was built in 2004 and adds significant value to the 5 cruise ships of the SeaJets fleet. The shipping brokerage was Masters Shipping.
The specific acquisition came almost a week after it was announced in the Athens Stock Market that Ration Holding LTD of Mrs Despina Iliopoulou (daughter of Mr Marios Iliopoulos – Seajets) acquired the 5,48% of voting rights in Marfin Investment Group.
On February 5, 2023, Aegean Sea Lines cruise ferry ANEMOS (ex ROSELLA) arrived in Greece after a 12-day journey from Mariehamn.
Ship’s first stop was at the island of Sifnos (her shipowner’s place of origin), where people gave her a warm welcome. Then, the ship visited shortly the island of Serifos and her journey ended up at Perama Repair Zone, where she will undergo a small-scale conversion. She is expected to join the Hellenic Coastal Shipping in the beginning of summer 2023.
Photo: Kostas Papadopoulos
Grendi Trasporti Marittimi, ro-ro shipping company part of Grendi Holding and controlled by the Musso family, made public the results reached in 2022.
Last year the group’s turnover was EUR 88 million thanks also to 83,871 TEU containers (+3%) and 50,506 ro-ro units (+59%) transported between Tuscany (port of Marina di Carrara) and Sardinia (Cagliari and Olbia).
The CEOs Antonio and Costanza Musso confirmed that the ro-ro vessel named ROSA DEI VENTI and operated on the line, will be purchased by Corsica Ferries at the end of the current 5-year time charter in May for a price of EUR 35 million.
The time charter contract will be renewed with Grendi for further 5 years and this is just one of the new synergies the companies are creating.
Antonio Musso specified that “with Corsica Ferries we are exploring new opportunities and potential synergies. They are not active in the ro-ro market and they would like to increase their presence in the Sardinia region which is exactly our core business. We are also talking about potentially increasing freight transport by sea with Corsica”.
Last year Grendi and Corsica Ferries also submitted a joint proposal for operating the subsidized Civitavecchia – Arbatax – Cagliari ro-pax line which was finally awarded to Grimaldi.
MAXICASTER is pleased to announce the successful deployment of its next generation mobile portal across the Fjord Line fleet. It is redefining the passenger journey by extending video services to personal devices.
The mobile video service is seamlessly integrated into Fjord Line’s dynamic passenger mobile portal allowing passengers to watch live TV and the latest movies anywhere on board. To ensure passengers never miss their favourite shows, Catch-up TV is enabled allowing passengers to watch previously aired live TV via the interactive Electronic Program Guide (EPG).
The portal is designed to work across any device type ensuring a premium viewing experience regardless on any passenger device. To further enhance the service, MAXICASTER provides a premium Video on Demand catalogue curated to the FjordLines customer demographic.
The service extends the long-term partnership between the two companies, where MAXICASTER is the exclusive technology and video content provider for onboard passenger and crew services across Fjord Line vessels.
Roald Rossnes, Chief Digital Officer at Fjord Line commented “We are extremely proud to be working with MAXICASTER to create this innovative and state of the art solution for our customers. The mobile video service is fully integrated with our customer portals and makes up an important module in our strategy to give the guests well produced services and entertainment throughout the journey.”
Andrew Brown, COO of MAXICASTER commented “Fjord Line and MAXICASTER share a sense of innovation which is common in the Nordic region. By extending the service options to passengers’ own devices Fjord Line highlight their understanding of the changing passenger expectations in the market and commitment to delivering the best possible experience anywhere on board.”
CLdN has announced a further increase of capacity for customers on its North Sea routes to and from eastern England. The additional capacity will be provided by the charter of the TUNDRALAND, a modern ro-ro vessel with a cargo capacity of 2,800 lane metres.
The vessel will be introduced into the CLdN network on 13th February 2023, allowing increased tonnage to be redeployed onto the Zeebrugge & Rotterdam / UK routes.
In response to increasing customer demand for unaccompanied freight services to and from the UK, CLdN will also provide a service delivering cargo from Zeebrugge to the Port of Tilbury. (remark: P&O Ferries have a service between Zeebrugge and Tilbury, with 9 departures a week from each port – check the P&O Freight website)
The port of Ravenna, in Italy, is to become one of the most important hubs for Grimaldi Group’s network in the Adriatic Sea.
The Naples-based shipping company is in advanced negotiations with the local port authority for setting up a new port terminal in Ravenna which is regularly called by Grimaldi’s ro-ro ship on the motorways of the seas to and from the other Italian ports of Brindisi and Catania.
Up to date the ro-ro traffic was and still is handled by a company called T. & C. – Traghetti e Crociere S.R.L and fully owned by the port authority but this company will stop acting as a terminal operator as soon as Grimaldi will be ready to operate with its in-house branch.
Last year the port of Ravenna’s total throughput of trailer handled was 80,595 (+6.4% compared with 2021) or 1,818,670 in terms of tons (+25.7%).
