JUTLANDIA SEA and FIONIA SEA to Stena Line

By | 2021 Newsletter week 49 | No Comments

Stena Line has announced the ships for its ‘new’ Rotterdam – Immingham service (Immingham instead of Killingholme). The timetable shows JUTLANDIA SEA and STENA FORERUNNER, starting as from 4 January 2022.

STENA FORERUNNER will be replaced later by FIONIA SEA.

JUTLANDIA SEA is actually being used by Wallenius SOL (photo), and will be replaced by the newbuilding BOTNIA ENABLER, under construction in China.

FIONIA SEA will be replaced by the second newbuilt, BALTIC ENABLER.

Both JUTLANDIA SEA and FIONIA SEA will be chartered by Stena Line, for a period of 4 year.

Stena Line has extended the charter of the SOMERSET by 12 months, beginning January 2022. The CLdN ship has been on charter to Stena since August 2018 and is normally used on the Harwich – Rotterdam roro service (source: NI Ferry).

Cretan Cargo Lines purchased Pentland Ferry’s ORCADIA

By | 2021 Newsletter week 49 | No Comments

On December 5, 2021 Cretan Cargo Lines’ latest acquisition, ORCADIA (former SATURN), arrived -under tow-  at Spanopoulos Shipyards (Perama) ending her long journey from St. Margaret’s Hope, Orkney.

She was purchased from Pentland Ferries and served as a freighter around Orkney and the Pentland Firth since 2015. Originally, she was operated by Caledonian Mac Brayne (1978-2011). She will join Cretan Cargo’s fleet on the domestic market next season as a passenger/roro ferry.

Cretan Cargo Lines is active in RoRo transportation in Greece since 2013 and owns 3 RoRo vessels (IOSIF K, TALOS, NEARCHOS).

Photo: Kostas Papadopoulos

SAOS Ferries’ MISHI arrived in Greece

By | 2021 Newsletter week 49 | No Comments

SAOS FERRIES former Japanese Ferry MISHI (former MISHIMA) arrived in Greece on December 5, 2021.

The 89m ship arrived at the Kapogiannatos Shipyards (Perama), where she will undergo a 4-month conversion into a passenger ferry.

She is expected to enter service on the domestic market within the next season.

Photo: Dimitris Mentakis

Wärtsilä, Rina & Co to deliver a viable hydrogen fuel solution to meet IMO 2050 target

By | 2021 Newsletter week 49 | No Comments

Wärtsilä, together with class society RINA, ABB, Helbio, the Liberian Registry, and an energy major have joined forces in an effort to deliver a solution with hydrogen as fuel. The aim is to have a scalable and sustainable solution that will exceed the IMO 2050 target for a 70% reduction in carbon intensity without the need for an extensive infrastructure investment.

By producing hydrogen onboard and using readily available LNG, the solution becomes viable and in a much faster time than would otherwise be possible.

The concept is based on combining LNG with steam to produce hydrogen and CO2. The hydrogen produced will be used directly in a mix with natural gas in internal combustion engines or in fuel cells, thus eliminating the need for hydrogen to be stored onboard. The CO2 will be liquefied using the cryogenic stream of LNG that would be used as fuel anyway, and later disposed ashore for carbon storage. Tankers can use the stored CO2 as inert gas during discharge.

“The necessary equipment can easily be fitted on the deck of a commercial vessel” the companies added. “This innovative concept will support the marine sector’s gradual transition from LNG to hydrogen, without any major adjustments to a vessel’s onboard technologies”.

Lauro Group testing electric propulsion in the Gulf of Naples with Sealance system

By | 2021 Newsletter week 49 | No Comments

Lauro Gruppo (*) commissioned Sealance a feasibility study for retrofitting its fleet of vessels to the electric propulsion.

The first installation of the electric jet system, called DeepSpeed, will take shape on a small ship (with 160 passengers capacity and 24 metres long) deployed for coastal excursions in the Gulf of Naples and to the surrounding islands. The vessel in question is controlled by the subsidiary Capitan Morgan based in Ischia.

The objective for the Lauro Group is to have a ferry able of sailing with a 100% electric propulsion for 6 hours per day, for nine months per year at a speed of 18 knots.

A pair of DeepSpeed 420 eletric jet are expcted to be installed on the selected unit.

(*) Lauro Gruppo is controlled by Salvatore Lauro, also controlling Alilauro active on the routes from and to the port of Naples

Fit for 55 – how it will affect maritime shipping

By | 2021 Newsletter week 49 | No Comments

When the EU Commission presented its Fit for 55 climate package, it was clear that shipping would be affected in a number of ways. To achieve the goal of a climate-neutral EU, shipowners are expected to take on greater individual responsibility and higher costs. While the Swedish Ship Owners Association is positive, it also sees several challenges.

Strong Performance for Attica Holdings S.A. in challenging times

By | 2021 newsletter week 48 | No Comments

Consolidated revenue

Q3 +30.58% EUR 148.31 million

9M +17.32% EUR 270.50 million

EBITDA

Q3 +27.80% EUR 47.11 million

9M +10.18% EUR 42.74 million

EBIT

Q3 EUR +35.85% 33.34 million

9M EUR +29.40% 4.31 million

Consolidated Profit after taxes

Q3 EUR +32.74 million (12.14 million)

9M EUR loss 1.31 million (loss 28.81 million)

Outlook

Traffic volume will be affected by the evolution of the pandemic and any additional restrictive measures that may be imposed on the movement of passengers.

Marine fuels cost has significantly increased, burdening the operating expenses of companies. During Q3, the Group’s marine fuel costs increased by 74.5% compared to the corresponding period last year.

ΑΝΕΚ Lines : a good summer, soaring bunker prices

By | 2021 newsletter week 48 | No Comments

Gradual recovery of economic activity = increase in traffic = improvement of ANEK’s operational results.

Q3 (summer high season) saw a significant recovery compared to last year.

Sharp rise of bunker prices absorbed the benefit of the good season.

9M +18% turnover EUR 114.2

Q3 +35% turnover EUR 56.0 million

9M EUR 12.4 million (7.7 million in the first nine months of 2020)

Q3 EUR 13.1 million (10.0 million)

9M EUR profits of 4.2 million (losses of 0.7 million in the first nine months of 2020)

Q3 profits of 10.3 million (profits of € 7.2 million)

The upward trend of traffic in all categories of transport project of the Group continues in the months of October and November. However, fuel prices remain fluctuate to very high levels overburdening operating costs.

Stena RoRo’s first LNG dual-fuel E-Flexer SALAMANCA delivered to Brittany Ferries

By | 2021 newsletter week 48 | No Comments

SALAMANCA, the second of five ships in the E-Flexer class ordered by Stena RoRo for Brittany Ferries was delivered on November 30.

  • Sixth E-Flexer of twelve ordered from the Chinese shipyard CMI Jinling (Weihai).
  • Chartered by Brittany Ferries on a long-term basis and has been especially adapted to the needs of the French ferry company.
  • First ship in the E-Flexer series with gas engines.
  • The interior has been designed by Richard Nilsson, Figura Architects.
  • Length 214.5m| 2723 lanemeters | 1,100 persons (passengers & crew)
  • Routes: Bilbao & Santander – UK (with SANTOÑA which joins fleet in 2023)