An Additional 16% of Piraeus Port Authority Has Been Transferred to COSCO

By 2021 Newsletter week 41

On October 6, 2021 the Hellenic Republic Asset Development Fund (HRAD) transferred an additional 16% of the shares of Piraeus Port Authority (PPA) SA to COSCO SHIPPING (Hong Kong) Co., Limited. The completion of the transaction came after the ratification of the relevant amendment by the Hellenic Parliament. COSCO SHIPPING paid to the HRAD EUR 88 million plus accrued interest of EUR 11,87 million and a letter of guarantee of EUR 29 million.

Scandlines Repeats Rotor Sail Order

By 2021 Newsletter week 41

Following the successful installation of the Norsepower Rotor Sail on the hybrid ferry COPENHAGEN in 2020, and a year of demonstrated results, Scandlines has prepared the sister ferry BERLIN for its own Rotor Sail installation.

Scandlines’ COO, Michael Guldmann Petersen, commented: “We expected COPENHAGEN Rotor Sail to provide a 4 – 5% CO2 reduction. That expectation has been met.”

Vincenzo Onorato to Resign as Chairman at Moby

By 2021 Newsletter week 41

Vincenzo Onorato publicly announced his intention to resign from the role of chairman at Moby. The seasoned shipowner wrote in a post on Facebook that “the person which will take over my role is respectable” and is expected to head the company in strict cooperation “with my sons Achille and Alessandro” and with a “young and motivated management team.”

Photo of the Week (2): Wallenius SOL Vessels Nearing Completion

By 2021 Newsletter week 41

The photo shows world’s largest ice-rated multi-fuel roro ships at the Yantai CIMC Raffles Offshore Ltd., China.

The ice-classed vessels have a length of 242m and a deadweight capacity of abt. 27,000 t making them largest in the class.

The Knud E. Hansen designed vessels will be the first Mega RoRo vessels in the world powered by LNG-fuelled engines.

First vessel scheduled for delivery mid-December.  Second vessel was launched week 40.

Irish-French Sea Connections Reach 44 with New Dunkirk Terminal

By 2021 Newsletter week 41

Minister for European Affairs Thomas Byrne has inaugurated a new Irish terminal at the French ferry port of Dunkirk, with Ireland-France sea routes rising from 12 before Brexit to 44 now. (date: 11 October)

End of September, it has already handled nearly 40,000 freight units (trucks and unaccompanied containers) moving from Rosslare and back, as exporters side step the UK landbridge since Brexit took effect on 1 January.

Tallink Grupp’s September Statistics Show Improvement on Last Year – Q3 Overall Tougher than 2020

By 2021 Newsletter week 40

Positive trend for September

Pax: +27.6% • 310,265

Pax Cars: +4% • 64,610

Cargo Units: +4% • 33,982

Negative trend for Q3

Pax: -13% • 1,144,092

Pax Cars: -16.8% • 229,468

Cargo Units: -1.1% • 90,538

Numbers are still far off from what Tallink is used to in Q3 in the pre-COVID times.

The company does not foresee great increases in passenger numbers before next spring or summer. Difficult low autumn-winter season ahead.

In light of the need to optimise the company’s activities for the low season ahead and with bookings for the autumn-winter season increasing at a slower pace than expected, the company made the decision to temporarily suspend the operation of its vessels BALTIC QUEEN, SILJA EUROPA and SILJA SERENADE after the end of the Christmas school holidays in January.

SILJA EUROPA will operate some special cruises and charter cruises during the suspension period.

The company will start operating its shuttle vessels Star and Megastar according to the traditional winter schedule from 16 October 2021.

Moby Charters Out ELIANA MARINO and MARIA GRAZIA ONORATO to DFDS and Cobelfret

By 2021 Newsletter week 40

DFDS and CLdN are adding more roro tonnage. The ships come from the Moby fleet.

Our colleague from Shipping Italy revealed that both ELIANA MARINO and MARIA GRAZIA ONORATO ship have been sub-chartered from Moby for at least six months.

ELIANA MARINO (2,500 lane metre) will be operated on the Mersin (Turkey) – Trieste (Italy) line by DFDS

Daily charter rate should be around EUR 14,000.

MARIA GRAZIA ONORATO (4,076 lane metre) is expected to be deployed by CLdN in Northern Europe and the ‘charter price’ should exceed EUR 20,000 per day. Both charters start from October.

Both roro’s have been operating up to date by Moby (in bare boat charter) on the Motorways of the Seas, linking Italy mainland with Sicily and Sardinia islands.