Wasaline and NextLog have co-operated in developing an integration between CarRes freight management system and LogiControl transport management system. Operators using LogiControl can now enjoy a stream-lined booking process for freight bound for ropax Aurora Botnia.
Scandlines has chosen the Danish climate tech startup ReFlow (*) to develop advanced climate twins of its latest “Zero-emission” ferry design using cutting-edge life cycle assessment (LCA) methodology.
The steel is currently being cut at Cemre Shipyard for the zero-emission vessel contracted by Scandlines for the Puttgarden-Rødby route. Over the following months, ReFlow will build a detailed life-cycle model representing the vessel from its construction to its end of life many years from now. The model will show the environmental impact of the ferry, not only in its use but also from its construction at Cemre Shipyard along with the installed equipment. The digital “climate twin” will make it possible for Scandlines to run simulations on the use of new green technology on the ferry something that is nearly impossible today.
(*) ReFlow: The 16-person Danish-based climate tech startup advises leading shipowners and OEMs and non-maritime actors on climate matters related to their products and vessels, providing much-needed granular and science-based digital climate data. ReFlow launched its digital solution last year and is already used by major shipowners and suppliers as it makes it easy to make lifecycle calculations, simulations and share this data.
Rederiaktiebolaget Gotland, Sweden’s oldest passenger shipping company, announced its intention to implement a listing of the Company’s A shares and B shares respectively on the Nasdaq First North Growth Market.
No offer or sale of the Company’s A shares or B shares will take place in connection with the Listing.
“This is a natural and important step in our development. We want to create good conditions for value creation, better conditions for our shareholders, more clearly demonstrate our development and the exciting journey we have ahead of us.” comments Managing Director Håkan Johansson.
During a German delegation trip to Canada, FSG Managing Director Philipp Maracke together with Sid Hynes, Executive Chairman of Newfoundland based Oceanex Inc., signed a Memorandum of Understanding for the innovative design of a climate-neutral and highly efficient ConRo vessel, critical to future vessel replacement planning at Oceanex.
Alternative fuels such as hydrogen, ammonia, methanol, synthetic and biofuels will be studied.
Oceanex has already two FSG-built conro’s in its fleet (rendering).
January–June 2022 (compared to January–June 2021)
Second quarter 2022 (compared to second quarter 2021)
Revised outlook
Operating income for the financial year 2022 will somewhat worse than the figure for 2021. However, the figure last year was affected by capital gains to a much greater extent than this year. There is still a significant and material uncertainty due to the geopolitical situation and its impact on energy prices, inflation, interest rates and currencies as well as the impact that the uncertainty factors identified may have on people’s inclination to travel, demand and costs.
Statistics H1
+248% passengers 1,875,706
-8.8% cargo units 59,522
14.5% market share cargo (16.8%)
29.4% market share passenger cars 29.4% (31.4%)
The Danish Ministry of Transport has announced that Molslinjen, after two tenders, will be awarded the next ten years for the ferry routes Alslinjen (Bøjden — Fynshav) and Samsølinjen (Kalundborg — Ballen)
Both routes will in future be operated by electric ferries powered by green electricity. The two ships will set completely new standards for electric ferries in Denmark.
Stena Line has signed a long-term agreement with the Port of Grenaa, Denmark to secure a stable ferry connection to Halmstad, Sweden until 2034.
“The Halmstad-Grenå route is of utmost importance for Stena Line’s position between Denmark and Sweden – this deal means that we can offer both freight customers and passengers a stable and efficient transport across Kattegatt, and it will allow us to continue our growth in the region”, says Christina Bromander, newly appointed Trade Director Denmark at Stena Line.
Lloyd’s Register has granted Approval in Principle for the hydrogen-fuelled ferries for Torghatten Nord AS.
This is an important step towards starting the construction of the two ferries. The ferries shall enter operation in October 2025.
Powered by green hydrogen, the two revolutionary ferries will have zero emissions during the 3.5 hours journey between Bodø and Lofoten.
Group revenue increased 67% to DKK 7.0bn driven by the ongoing recovery in the number of ferry passengers and yields as well as price increases of freight ferry services and logistics solutions to cover rising energy and other costs. In addition, revenue was increased by the acquisitions of HSF Logistics Group in September 2021 and ICT Logistics in January 2022.
EBITDA increased 63% to DKK 1,459m. The total freight EBITDA for ferry and logistics activities before special items increased 25% to DKK 1,204m driven by higher earnings in all business units.
The total Q2 EBITDA for passenger activities in the Channel, Baltic Sea, and Passenger business units increased to DKK 255m from DKK -70m in 2021 as earnings improved in all three business units on the back of the ongoing recovery in passenger travel. The Q2 passenger EBITDA was 15% below 2019, the latest pre-Covid-19 year.
Outlook 2022
On 18 July 2022, the outlook for EBITDA before special items was raised to DKK 4.4-4.8bn following a stronger than expected recovery in passenger earnings as well as higher freight ferry volumes and earnings (previously DKK 3.9-4.4bn, 2021: DKK 3.4bn). The revenue growth outlook has been updated to around 40% (previously around 35%) due to higher revenue from both passenger and freight activities. The outlook is detailed on page 10 in the full report.
Ferry – freight:
Total volumes in July 2022 were 6.2% below 2021. Activity was overall robust in freight markets except for parts of the Baltic Sea region and the Channel Dover Strait corridor.
North Sea volumes were overall below 2021 as UK routes were on level while routes between Sweden and the Continent were below 2021. The latter decrease was due to lower automotive and paper volumes as well as high activity for these segments last year in July. Volumes in the Mediterranean network continued to grow reflecting a high level of Turkish industrial production and exports.
Channel’s volumes were below 2021 following a decrease in total market volumes. Baltic Sea’s volumes were below 2021 due to the war in Ukraine. Volumes were mainly lower between Germany and Lithuania.
For the last twelve months 2022-21, the total transported freight lane metres decreased 0.6% to 43.6m from 43.9m in 2021-20.
Ferry – passenger:
The number of passengers increased fivefold to 639k equal to 90% of volumes in July 2019, the latest comparable month pre-Covid-19. Transport segments recovered faster than leisure segments. The number of cars equalled 92% of volumes in 2019.
For the last twelve months 2022-21, the total number of passengers was 2.5m compared to 0.8m in 2021-20 and 5.1m in 2019.
