Minister for Brexit Opportunities and Government Efficiency announced that the new controls for EU-UK movements, which were previously due to take effect on the 1st of July 2022, have been delayed until further notice.
The following import border controls which were planned for introduction from July 2022 will now not be introduced:
Naviera Armas Trasmediterránea has again been awarded the public service contract for the routes between the Spanish peninsula and the Canary Islands.
Shipyard Hijos de J. Barreras one step closer to having a new owner. The Bankruptcy Court favours Armón as favourite shipyard to take over the shipyard.
Upward trend for all segments, of course when compared to the Covid-dominated period in 2021.
Q1 shows growth in all business segments. RoRo, containers and bulk goods are all increasing, and passenger numbers are continuing to rise rapidly.
+4% RoRo freight tons
+243% Ferry Passengers = 800,000 in Q1
Photo: Ports of Stockholm/Per-Erik Adamsson
Stena Group
The Stena Group has in 2021 returned to profit after, for the first time in the Group’s eighty-year history, reported a negative result in 2020.
Stena Line
Stena RoRo
Stena RoRo’s result increased in 2021 compared to 2020 because of a continued high utilisation rate and strong contract coverage of the fleet during the year, together with vessel sales as well as delivery and chartering out of newbuildings. The newbuilding programme from the CMI Jinling Weihai shipyard has continued during the year, which has resulted in three new contracts. In total 12 E-Flexer RoPax vessels have
now been ordered from the shipyard.
2021, another demanding year for Color Line, primarily due to major operational challenges as a result of government-imposed restrictions in connection with the pandemic.
Operating revenues were NOK 2.6 billion in 2021, which was in line with 2020 and significantly below NOK 5.3 billion in the last normal year 2019.
Operating profit increased to NOK 211 million in 2021 from NOK -47 million in 2020.
Profit before tax was NOK -591 million in 2021 (NOK -1.2 billion)
Passengers 1,143,480 (1,255,046)
Freight units 180,850 (174,068)
Color Line’s demand quickly rose to the levels ahead of the pandemic as soon as the community reopened in early 2022. The booking rate is now in line with 2019, and the outlook for the current year is therefore very positive.
Color Line expects a result for 2022 that is significantly better than last year, almost in line with a normal year. The company capitalizes on its very loyal customer base, attractive products and a renewed interest in the local markets within tourism, in combination with a more cost-effective operation and positive development in customer values after the pandemic.
Low season quarter results were still strongly impacted by the pandemic and the start of the war in Ukraine in late February. The latter resulted in a sharp increase in fuel, food and commodities prices as well as some decrease in traveller confidence in the second half of the quarter.
The results were also impacted by the planned dockings of several of the company’s vessels, including dockings brought forward from autumn 2022, to ensure there are fewer traffic interruptions in Q4 this year.
Q1, 2022 (EUR)
+97.5% Revenue 106.1 million
Net loss 40.0 million
EBITDA -11.0 million (-6.3 million in Q1 2021)
Negative effects:
Actions:
Sourcing alternative opportunities and work for vessels (such as ROMANTIKA charter to Holland Norway Lines, and ISABELLE securing a contract as a refugee accommodation vessel for at least four months this year)
Goal:
To end the year 2022 with a net profit.
