Nov 25
4

New shipbuilding contract to be awarded before the end of the year by RFI

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Rete Ferroviaria Italiana, rail infrastructure network manager and company part of the Ferrovie dello Stato Italiane group, said to ferry Shipping News that a newbuilding contract for a ferry is expected to be awarded before the end of the current year.

Last August a public tender was launched (with expiring date October the 8th) to find the shipyard which will be required to build a dual fuel (LNG/diesel electric) vessel able of transporting also railcars between the two side of the strait of Messina (Messina – Villa San Giovanni) and potentially to the port of Golfo Aranci, in Sardinia.

The tender price was over EUR 73 million and shipbuilding time 2 years and 4 months.

Nov 25
4

Mediterranean pushes up DFDS’ freight activity

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DFDS revealed in its latest Q3 interim report that revenue increased 22% to DKK 4.4bn driven by higher freight activity in most business units. (see also last newsletter)

The increase in the freight ferry result was primarily due to high growth in the Mediterranean.

As for the Mediterranean business unit, Q3 freight volumes increased 12.2% adjusted for the opening of a new route between Turkey (Izmir) and Spain (Tarragona).

The increase reflects high growth in Turkish exports to Europe with support from depreciation of the Turkish lira. Capacity was expanded in the route network to accommodate the growth, especially between Italy and Turkey.

Q3 EBITDA (Mediterranean) increased 47% to DKK 276m driven by the higher volumes and stable cost levels as well as better results for the port terminal and rail activities.

DFDS transported
3,685,000 lane metres
in the Med in the first 9 months of 2021

Nov 25
4

CMAL is selecting a new name for UTNE

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UTNE has joined the CMAL fleet. A competition has been opened to find a name.

The names in the shortlist are all associated with Mull, the island that the vessel will primarily serve.

  • LOCH FRISA – The largest loch on the Isle of Mull, located four miles south of Tobermory.
  • GLEN FORSA – A beautiful open glen in the heart of Mull, with the peak of Beinn Talaidh at its head.
  • TOROSAY – Torosay Castle was built in 1858 by architect David Bryce, and it sits on the northwest side of Mull’s Duart Bay.
Nov 25
4

Release from Viking Line’s extraordinary general meeting 2021

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The general meeting decided in accordance with the Board of Directors’ proposal to authorize the Board to decide on a share issue of at most 6,480,000 new shares with pre-emption rights for shareholders (share issue with pre-emption rights) at a subscription price of EUR 8.00 per share. The Company’s shareholders shall be entitled to subscribe to three new shares for every five shares held at the subscription price.

Details
Nov 25
4

FRS Foundation announces International Sustainability Standards Board

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During COP26 global summit, the IFRS Foundation Trustees announced three significant developments to provide the global financial markets with high-quality disclosures on climate and other sustainability issues.

The additional metric on climate will have to be adopted as part of a company’s IFRS. That means reporting on emissions targets and ways to reduce it. The market will look at it positively if a company reaches its targets. If not, the value of a company might decrease in the stock market.

(*) The IFRS Foundation is a not-for-profit international organisation responsible for developing a single set of high-quality global accounting and sustainability disclosure standards, known as IFRS Standards.

Read the full release
Nov 25
4

Stena RoRo’s SAGA chartered as a floating hotel

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On 16 November 2021, Stena RoRo’s SAGA (1981) left Greece.

Rumour has it that she has been chartered for 18 months as a floating hotel in the Philippines.

The large ferry arrived at the Perama repair zone on September 10 to undergo her conversion.

The project was undertaken and completed on time (50 days) by the well-known turn key contractor VDN-IPPOKAMPOS.

SAGA is currently on her way to Singapore. [MarineTraffic]