Nov 07
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FERRY PORTS

By 2019 Newsletter week 45

Annual Report 2018-2019 TT-Line Company Pty Ltd

Key figures (in $ AUD)

  • +6.4% Revenue = $260.3 million ($244.6 million)
  • +11.2% EBITDA = $63.4 million ($57.0 million)
  • -0,6% Profit after tax = $44.1 million ($44.4 million)
  • -0,4% Passengers = 446,869 (448,764)

Freight = record numbers, ships sail at full capacity.

At the time of writing, the Company was in close discussions with Flensburger Schiffbau-Gesellschaft (FSG) regarding contracts for the construction of two new roro ships. While FSG’s financial difficulties were widely reported during the year, the Company has solid contracts in place with the shipbuilder to build the new Spirit of Tasmania vessels.

Nov 07
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Povl Anker Gets A Dedicated Berth In Ystad

By 2019 Newsletter week 45

Povl Anker Gets A Dedicated Berth In Ystad

The Bornholm Line and Port of Ystad have agreed on a redevelopment of ferry berth n°5. It will become the dedicated berth for ropax POVL ANKER. In case of problems with the fast craft (weather..), POVL ANKER will not experience problems because of occupied berths.

Nov 07
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INTERESTING

By 2019 Newsletter week 45

“This Is Why Our New Shipping Company Will Be A Success”

Quote from Ragnar Johansson, CEO Wallenius SOL.

What began as an idea in a port in Kotka has now, after ten years, resulted in a completely new Swedish shipping company. The ambition is to secure long-term infrastructure for the industry in the Gulf of Bothnia.

Nov 07
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TECHNOLOGY

By 2019 Newsletter week 45

Powercell Sign Development Contract For Maritime Zero Emissions Solution With Havyard Group

PowerCell Sweden AB has signed a contract with Norwegian Havyard Group ASA regarding the development of the design and the technical specifications for a zero-emissions fuel cell system. The system may come to be installed on board a vessel that will service the shipping company Havila Kystruten’s new route from Bergen to Kirkenes.

The one-year contract concerns the development of the design and the technical specifications for a zero emissions system fully classifiable and in conformity with IMO maritime safety requirements. The system solution that PowerCell and Havyard jointly will design, will be based on several marinized 200kW fuel cell system modules connected in parallel with a total power of 3.2 megawatts.

Nov 07
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SHORT NEWS

By 2019 Newsletter week 45
  • The Moby SPL ferry PRINCESS ANASTASIA experienced a blackout soon after leaving Stockholm on Wednesday 6 November. The vessel ran slightly aground but was able to return to Stockholm for inspection soon after. Nobody was hurt.
  • On 1 November 2019 Scandlines ferry BERLIN was hit by the coaster DANICA VIOLET in Rostock. BERLIN needed repairs but could be put in service again 27 hours after the incident. Ro-pax ferry KRONPRINS FREDERIK, normally used as freight ferry, temporarily took over.
  • Sefine Shipyard has delivered HILLEFJORD to Fjord 1. She will be used on Ranavik – Skjærsholmane (Norway).HILLEFJORD is now on her way to Norway. (MarineTraffic)
Oct 31
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TOP STORY

By 2019 Newsletter week 44

DFDS – Moby Agreement On New Amsterdam-Newcastle Ferries Cancelled

Official statement from DFDS:

On 6 September 2019, DFDS entered into an agreement with Moby to acquire two ferries, MOBY WONDER and MOBY AKI, for deployment on the Amsterdam-Newcastle route.

Moby would in turn acquire the two passenger ferries currently operating on Amsterdam-Newcastle, KING SEAWAYS and PRINCESS SEAWAYS.

The agreement was expected to be completed in the second half of October 2019, but Moby has unfortunately not been able to meet the delivery terms of the agreement. The agreement has therefore been cancelled.

DFDS will continue to explore solutions for a renewal of the ferries on the Amsterdam-Newcastle route.

Official statement from Moby:

The reason for the cancellation is that Moby has been unable to deliver to DFDS the two vessels free of the mortgages that have been granted to Unicredit as Security Agent for Moby’s secured financings. Moby believes that Unicredit was contractually obliged to provide consent to the release of the vessel mortgages as security agent, and intends to raise this issue formally with Unicredit as Security Agent and with its lenders.