Mar 03
4

Maritime electrification company Echandia starts branch office in Norway

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The Swedish company Echandia, a leading developer of battery systems for maritime electrification, expands in the Norwegian market through the appointment of industry veteran Roy Storeng to lead the business development for Echandia in Norway.

Roy has an extensive background from the maritime and transport industry in Norway and abroad.

Echandia is a leading developer of zero-emission energy solutions for heavy-duty maritime electrification. Echandia has customers in Europe, Asia, and Oceania, including Cochin Shipyards, building the world’s largest fleet of electric ferries in Kochi, India, and the major global shipyard Damen Shipyard in the Netherlands.

Mar 03
4

OSK ShipTech: More Retrofits – Fewer Newbuildings

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OSK ShipTech writes in an interesting LinkedIn post: “We have to shift the lens from focusing only on the operational CO2 emissions of a newbuilding to also focus on and include the emissions related to building the ship in the first place!

https://www.linkedin.com/posts/osk-shiptech-a-s_gr%C3%B8nnere-f%C3%A6rgefart-p%C3%A5-vej-til-l%C3%A6s%C3%B8-energy-activity-6902958686319341568-_5gc/

Mar 03
4

ECO MALTA delivered

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The delivery of the Grimaldi Green 5th Generation class roro vessels is now halfway. Grimaldi Group took delivery of the ECO MALTA, the sixth of twelve state-of-the-art units ordered from the Chinese Jinling shipyard located in Nanjing.

Mar 03
8

Roro FINO sold to a Greek Shipping Company

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UECC’s roro FINO (former AUTOPRIDE) was recently sold to a Greek interest shipping company: Star Skippers SA (care of United Sails SA , 17A, Kondyli Street, Glyfada, 166 75 Athens).

The ship has already departed from the port of Avonmouth in UK and is currently sailing to Piraeus.

FINO was built in 1997 in the Netherlands (Frisian Shipyard Welgelegen B.V.). She has a GT of 11,591. She has six car decks with a carrying capacity for 1,220 cars.

Photo: sister vessel AUTOPRESTIGE

Mar 03
4

Finnlines’ RoPax FINNCLIPPER changes name and flag

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Finnlines’ FINNCLIPPER is the ship that replaces the EUROFERRY OLYMPIA on the Igoumenitsa – Brindisi line.

She left Malmö on February 19 and arrived in Piombino, Italy, a week later for the necessary changes. Initially, she was transferred to the Grimaldi-Euromed fleet and then she will be renamed IGOUMENITSA and raise the flag of Cyprus.

She is already advertised on the official Grimaldi website.

Feb 24
4

Grandi Navi Veloci confirmed purchase of GNV SPIRIT

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Grandi Navi Veloci has officially announced the purchase of the ropax ship CAP FINISTÈRE from Brittany Ferries which is currently en route to the port of Naples where will be renamed GNV SPIRIT.

The Nuova Meccanica Navale shipyard will take care of it with some refitting works and repainting the vessel with the company’s distinctive livery.

Once she enters service before next summer season, GNV SPIRIT will take GNV’s fleet to 25 ferries.

Feb 24
4

Vincenzo Onorato calls Rome for action to rescue Moby and CIN

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Vincenzo Onorato’s holding company Onorato Armatori made public a statement in which he calls the Italian economic development Ministry to act as fast as possible in order to accept the debt restructuring plan proposed under the ‘concordato preventivo’ procedure.

Tirrenia in Amministrazione Straordinaria, the State-owned bad company born when the former public shipping company Tirrenia was sold to Moby in 2012, has a credit valued roughly EUR 180 million and its vote on the plan is particularly important for the positive (or negative) ending of this long-lasting story regarding Compagnia Italiana di Navigazione (Moby’s subsidiary controlling and operating Titrenia’s brand, ships and routes).

The Court of Milan postponed the meeting of creditors on 20th and 27th June 2022 respectively for Moby and CIN setting the date for 31 March 2022 as a deadline for filing, inter alia, the agreement with Tirrenia di Navigazione in Amministrazione Straordinaria which represents the main CIN creditor.

Feb 24
4

Tallink Grupp stays in profit in H2 2021 and halves net loss for the year compared to first pandemic year

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Tallink Grupp reported a net loss of EUR 56.6 million for 2021 (net loss of 108.3 million reported for the full year 2020) with a strong second half of the year resulting in a marginal net profit for H2.

The group’s unaudited results for 2021 (in EUR)

  • Revenue 476.9 million (442.9 million)
  • EBITDA 58.3 million (8.0 million)

The strong result considering the ongoing pandemic challenges was achieved despite the company’s passenger numbers decreasing by 21% compared to 2020 and amounting to a total of 2,961,975 passengers.

The company’s cargo transportation continued on a steady path with the number of cargo units carried in 2021 increasing by 2.6%.

Tallink Grupp managed to secure a net profit in H2. The result can partly be attributed to the re-opening of the Tallinn-Stockholm route in July 2021 after a 15-month suspension and the Helsinki-Stockholm route in August after a 16-month suspension. Both routes immediately attracted passengers especially at the time when the vaccination drive in Baltic sea countries had had an initial positive impact on reducing the spread of the virus during summer 2021 and the temporary easing of travel restrictions during Q3 2021.

Other positive contributors to the marginal net profit in H2 were the various charters.

The company’s key project into the future continues to be the build of the company’s new shuttle vessel MYSTAR, which is now due for completion and delivery in 2022.

Part of the efforts to ensure liquidity in 2021 also included omitting dividend distribution and the Management Board will propose not paying a dividend in 2022 as well.

“We have faith in 2022 being a year of change for the positive from the COVID pandemic point of view and we are gearing our business up for it. Our customers tell us that they are ready to and want to return to the Baltic sea with us and we have made all the preparations to make this return to cruising on the Baltic sea as memorable and enjoyable for everyone who joins us on board. We have every intention to keep the Baltic sea cruising tradition alive with our colleagues and customers in 2022 and beyond.”

Tallink Grupp’s CEO Paavo Nõgene

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