INTERESTING

By | 2020 Newsletter week 51 | No Comments

Havyard Establishes Company for Hydrogen Power for Ships

Havyard’s complete hydrogen system for ships will be completed in 2021, and the group is now establishing a separate company to meet market demand for the solution, which will make it possible also for large ships to sail longer distances with zero emissions.

IN THE MEDIA

By | 2020 Newsletter week 51 | No Comments

Four Operators Interested in Trasmediterranea?

There might be at least four players interested in Compania Trasmediterranea, the Spanish ferry company part of Armas Group. The latter is in advanced talks with lenders and bond holders for receiving fresh capital and also renegotiating the terms of the bond due to expire in the next few years.

According to the Spanish media Ok Diario two Italian groups and the local shipping players Balearia and Boluda have shown their interest in the restructuring plan which is being studied by some advisor and investment funds.

The two Italian potentially interested groups are likely to be Grimaldi Group and Grandi Navi Veloci.

Ok Diario also revealed that the property of two ferries previously controlled by Armas Group has been transferred earlier this year to a pair of Luxembourg-based purpose-built companies and are likely to be as guarantee for a needed fresh money injection. Other four ro-pax ships in fleet were also transferred to a new Canary island-based company called Armas Trasmediterranea Factoring Sl last June.

FERRY SHIPPING

By | 2020 Newsletter week 50 | No Comments

ANEK LINES Q3 2020 Key Financial Figures

During the first nine months (2020), traffic volumes of the ANEK Group vessels dropped by 50% for passengers, by 44% for private cars and by 8% for freight units.

Respectively, in Q3 (2020) traffic volumes decreased by 48% in passengers, by 38% in private cars and by 6% in freight units.

First 9 months of 2020 in EUR ,000 (same period in 2019)

  • Turnover: 97,004 (138,076)
  • Gross Profit:  13,893 (36,491)
  • EBITDA: 7,705 (26,582)
  • EBIT: -718 (18,080)

Consolidated profit before taxes: -7,685 (11,039)

Consolidated profit after taxes: -8,216 (10,120)

  • Q3 of 2020 in EUR ,000 (same period in 2019)
  • Turnover: 41,627 (65,573)
  • Gross Profit: 12,429 (27,711)
  • EBITDA: 10,004 (23,408)
  • EBIT: 7,155 (20,582)

Consolidated profit before taxes: 4,916 (18,069)

Consolidated profit after taxes: 4,642 (17,540)

The second wave of the pandemic and the new restrictive measures in the movement of passengers are expected to lead to a decrease in traffic and revenue during the winter period 2020-2021 compared to the same period last year, while a gradual recovery of sizes is expected after Q1, 2021.