May 03
5

Stena Had A Bad Year Too, But Freight Saves The Earnings

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For the first time in Stena’s 80-year history, the company suffered an overall financial loss.

Thanks to important freight activities the company succeeded in generating a small positive EBITDA.

Stena AB figures

  • Total revenue 33,343 (37,142) SEK Million
  • EBITDA, excluding sale of assets 5,613 (8,527) SEK Million
  • Operating profit –1,791 (1,731) SEK Million
  • Profit before tax –4,858 (240) SEK Million

Stena Line

  • 31% share of total income (10,400 SEK Million)
  • Lockdowns and closed borders resulted in a 75% drop in the number of Stena Line passengers.
  • Stena Line want to be leader in green shipping. Today 40 per cent of Stena Line’s ships are connected to green power at seven terminals in Sweden, Germany and the Netherlands.
  • “Our priority project for the future is to build a fully electrically-powered ferry for our three-hour route between Göteborg and Fredrikshamn,” says CEO Dan Sten Olsson

Stena RoRo

  • 1% share of total income (500 SEK Million)
  • A further five E-Flexers will be built in China, commissioned by Stena RoRo, with delivery in 2021–2023.
  • Actual fleet: 4 RoRo and 7 RoPax ships
Stena AB Annual Report 2020 PDF
May 03
27

Grimaldi Lines To Start Belgium – Ireland

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Grimaldi launches a twice-weekly feeder ro-ro service between Antwerp and Cork, as from the beginning of May.

Antwerp is Grimaldi’s main hub in the North of Europe.

Grimaldi Group has been operating in the Republic of Ireland for nearly 25 years with ConRo vessels, linking Cork to Northern Europe and the Mediterranean and, through transhipment in Antwerp to destinations in North and South America, West Africa and Russia.

Through its subsidiary Euromed Ireland Logistics Ltd (EMIL), the Grimaldi Group runs its fully equipped ro-ro/multipurpose terminal at Ringaskiddy (Cork).

The vessel deployed on the Antwerp-Cork service will be the Italian-flagged ro-ro unit EUROCARGO BARI (3,850 lane metres + 200 cars).

The Group plans to add capacity and frequency in the near future.

Apr 29
2

FERRY NEWS

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Scandlines: A Positive Result In A Challenging Year

Annual Report Scandlines: a summary

  • Scandlines maintained operations during the pandemic and delivered satisfactory profitability despite a dramatic decline in traffic volumes and revenue following travel restrictions and border closures.
  • The status of the two ferry routes as critical infrastructure was underlined.
  • -43% total revenue (from EUR 475m to 273m).
  • -39% revenue from the 2 ferry routes because of travel restrictions and border closures.
  • -50% car and passenger traffic volumes.
  • -6% freight.
  • Scandlines maintained operations and continued to provide frequent departures, a high reliability level and flexibility to meet customer demand and keep the vital supply of medicine, food and other necessities flowing.
  • -54% revenue BorderShop.
  • EBITDA 84m (188m)
  • EBITDA margin 31% (40%)
  • Despite the turbulence in 2020, Scandlines generated a positive result and decided to return the Danish compensation of EUR 9 million allocated to cover fixed costs.
Apr 29
2

Fiscal year 2020: ANEK Lines Feels Impact Of Pandemic

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  • Significant impact of the pandemic on activity = significant reduction in turnover and EBITDA
  • Losses after taxes and minority interests against profits in the previous year.
  • Turnover € 124.5m (173.9m)
  • EBITDA € 6.9m (25.6m)
  • Net results € -14.1m (€ 3.8m)
  • Outlook: lots depends on summer season 2021 (peak season). Progress of vaccination is positive.
Investor Relation Release ANEK
Apr 29
2

Ettore Morace At The Helm Of The New ‘Trasmed Grimaldi Logistica España’

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Ettore Morace has been appointed new CEO of ‘Trasmed GLE’ (Grimaldi Logistica Espana). Morace is a well-known name in the ferry industry for being former Ceo of Tirrenia, Ustica Lines, managing director of Baleària and more recently at the helm of the ship brokerage company Malta Shipbrokers.

Trasmed GLE, a new company fully owned by Grimaldi Group, will be the vehicle through which the Naples-based shipping firm will purchase Trasmediterranea’s five ferries, two terminals in Barcelona and Valencia and the lines with the Balearic Islands from Naviera Armas.

Apr 29
2

Calais Will See A Growing Number Of Ferries This Summer

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P&O Ferries announced the return of a fifth ferry on its Dover-Calais route, “in order to take back market leadership on the English Channel,” as says the announcement.

RoPax PRIDE OF BURGUNDY will return in June, in freight-only mode (capacity: 120 lorries).

She has been laid up since a year.

DFDS will introduce the new E-flexer ropax COTE D’OPALE on the same route in July and start a freight-only new service between Calais and Sheerness in June.

Normally the veteran ferry CALAIS SEAWAYS should be withdrawn when the E-flexer starts.

Irish Ferries is also going to start operating on Dover-Calais in June, starting with one vessel (but with 1 or 2 more to come in Q3).

Apr 29
2

Aponte’s Navigazione Libera Del Golfo Will Operate The Subsidised Termoli – Tremiti Islands Link

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The Naples-based ferry company Navigazione Libera del Golfo (NLG) emerged as sole participant at the tender launched by the Italian transport ministry for maritime continuity between the Tremiti islands and mainland Italy.

The regular link operated to the port of Termoli will be subsidised for the next three years, will have to be served with one high-speed vessel.

Tender price was EUR 20 million.

Apr 29
3

Duty Free’ Boosts Stena Line’s Shop Sales By Over 80%

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  • Stena Line’s revenue from its onboard shops for Q1 has shown a large increase on its routes between the UK and the EU compared to the same period last year.
  • The growth is due to ‘Duty Free’ sales. Following Brexit, ‘Duty Free’ sales are permitted onboard ferry routes between the UK and the EU.
  • Highest increase on Irish Sea routes.
  • Sales of alcoholic drinks highest with popular brands leading the way.
Read more (Stena Press Release)
Apr 29
2

A Tunnel Connecting Finland And Estonia?

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  • 26 April 2021, Finland’s Minister of Transport and Communications and Estonia’s Minister of Economic Affairs and Infrastructure signed a MoU on cooperation between the two countries in the transport sector.
  • The urpose of the MoU is cooperation in the transport sector and exchange of information between the countries in order to promote large-scale transport projects, such as the Helsinki-Tallinn tunnel, Rail Baltica, Trans-European Transport Networks, and North Sea-Baltic Sea core network corridor.
  • The MoU provides an improved environment for applying EU funding for the projects.
Read more (Finnish Government)