Veteran ferry WASA EXPRESS (1981) arrived in Algeciras on 3 December, coming from Safaga, Egypt. The vessel has been chartered by Africa Morrocco Link.
Photo: Tony Davies
Sunday 30 November HAVILA POLARIS departed Bergen on what is set to become its first climate-neutral voyage along the Norwegian coastal route.
For this 12-day round coastal voyage, HAVILA POLARIS has been fuelled with 350 cubic metres of biogas. This volume is expected to reduce CO₂ emissions by more than 90%, demonstrating that significantly cleaner coastal shipping is already possible with today’s technology.
Havila Voyages will report the final emission results once the round trip is completed.
Irish Continental Group (ICG) recorded strong revenue growth in the first ten months of 2025, supported by higher freight and container volumes, despite weaker car carryings. Consolidated Group revenue rose to €573.0 million, up 10% year-on-year (2024: €521.0 million).
Volumes: Freight Up, Cars Down
For the year to 22 November, Irish Ferries carried 624,300 cars, a decline of 4.8% compared with 2024. RoRo freight increased 4.9% to 735,200 units. Container traffic under Eucon continued its strong growth trend, rising 16.6% to 338,100 TEU, while terminal lifts in Dublin and Belfast increased 5.8% to 324,800 units.
Divisional Performance
The Ferries Division reported €399.5 million in revenue to 31 October, up 6.3% on last year. Total revenues included customer surcharges related to fuel and EU ETS costs.
The Container and Terminal Division grew even faster, with revenues of €199.1 million, an increase of 16.2%.
Higher Net Debt After Fleet Investment
Net debt rose following fleet and asset acquisitions, including the JAMES JOYCE cruise ferry and an additional container vessel. Pre-IFRS 16 net debt reached €119.8 million, compared to €56.6 million at year-end 2024. On an IFRS basis, net debt increased to €242.3 million (2024: €162.2 million).
Source: ICG – Trading Statement 26 November 2025
- Revenues reached $125.2 million, down $12.1 million from last year but $5.3 million above budget. Lower passenger traffic, caused by the delayed Argentia service, offset stronger commercial volumes.
- Expenses totalled $294.5 million, broadly in line with last year. Rising wages and benefits (+7.4%) were driven by added capacity, overtime, and staff shortages.
- Materials, supplies and services fell by $4.4 million year-on-year due to last year’s cost of bringing ALA’SUINU into service, though costs remained above budget because of inflation and contracted services.
- Repairs and maintenance were stable year-on-year but 11% above budget, reflecting inflationary pressure and additional work on the ageing fleet.
- Insurance, rent and utilities saw slightly lower costs than last year, but higher than budget due to increased claims.
- Administrative costs increased due to passenger compensation linked to ALA’SUINU’s mechanical issues and schedule disruptions.
- Gains decreased by $6.2 milli
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- Denmark has awarded DKK 180 million (≈ EUR 24 million) in state aid to Molslinjen under the 2025 Investment Support Scheme.
- The funding will support the purchase of three fully electric fast ferries for the Kattegat route.
- The scheme targets CO₂-intensive companies facing the new Danish CO₂ tax introduced in 2025.
- The new ferries are expected to cut 132,000 tonnes of CO₂ annually once introduced after 2027.
- The project will create one of the world’s longest and fastest fully electric ferry routes.
- Ministers highlight the scheme as a key tool for Denmark’s green transition and industrial competitiveness.
- The Investment Support Scheme totals DKK 1 billion (≈ EUR 134 million) between 2025–2029 and supports first-come, first-served CO₂-reduction projects.
- Baleària will install Europe’s first stand-alone e-methanol electricity generation container on the electric ferry CAP DE BARBARIA.
- The eNomad system, developed by Methanol Reformer, reforms renewable methanol to produce hydrogen on board for auxiliary power.
- The project turns the Ibiza–Formentera ferry into a hydrogen research platform, testing fuel cells, batteries and methanol as an energy vector.
- The hydrogen will power a fuel cell, reducing generator use, cutting fuel consumption and lowering emissions.
- Baleària wants to assess scalability for other ships and routes as part of its broader decarbonisation strategy.
- CAP DE BARBARIA already operates with zero emissions in port, cutting CO₂ by 33% since 2023.
- The initiative forms part of the BUCEMTO project, supported by EU Next Generation funds.
- Baleària continues a multi-energy approach, combining natural gas, biofuels, electricity, hydrogen and methanol.
Godby Shipping has signed a one-year time charter agreement with Stena Line for the RoRo vessel MISTRAL. The deal includes an option for Stena Line to extend the charter.
Before entering service, MISTRAL will dry dock at the Remontowa shipyard in early 2026. The yard period will include standard maintenance and several energy-efficiency upgrades. New propeller blades and a redesigned bulb will be installed. Both are optimised for service speeds of 10–14 knots and will deliver notable fuel savings.
MISTRAL already features a Variable Frequency Drive, making the vessel fuel efficient even before the new modifications. The upcoming upgrades will further enhance environmental performance.
Godby Shipping states that these investments form part of a wider strategy to meet tightening regulations. CII, the EU ETS and FuelEU Maritime all increase pressure on operators to cut emissions. Optimising the existing fleet is therefore essential for compliance and competitiveness.
Under the new charter, MISTRAL will operate for Stena Line between Europoort Rotterdam and Harwich, supporting a key North Sea trade.
The newly built GNV VIRGO will become the first RoPax vessel in Italy to receive ship-to-ship LNG bunkering.
On 4 December, Swiss energy trader Axpo will supply LNG using the bunker tanker GREEN ZEEBRUGGE, marking a significant milestone for the Italian ferry market.
GNV VIRGO – the first LNG-powered vessel in GNV’s fleet – has arrived in Genoa after her delivery voyage from Guangzhou Shipyard International (GSI) in China. She forms part of MSC’s fleet-renewal plan, which includes eight newbuilds scheduled by 2030. The vessel follows GNV POLARIS and GNV ORION, already in service on Italian routes.
A naming ceremony will take place on 11 December in Palermo, ahead of the ship’s deployment on the Genoa–Palermo service.
Key figures
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- 52,300 GT
- Length: 218 m
- Beam: 29.6 m
- Speed: 25 knots
- 420+ cabins
- 1,785 passengers
- 2,770 lane metres
- Stena Line and ABP will build a new £200m RoRo terminal in Immingham.
- Immingham is becoming a key hub for Stena Line’s freight routes to the Netherlands.
- The new Immingham Eastern RoRo Terminal (IERRT) will allow quicker sailing times and larger vessels.
- Stena Line has signed a long-term agreement with ABP, securing operations well into the next century.
- ABP highlights the project as strengthening UK–EU supply chain resilience.
- The UK Government calls the investment a major boost for Lincolnshire and the North.
- The project will create 700 construction jobs and 200 permanent roles in terminal operations.
- EU ports handled 412.3 million passengers in 2024, up 18.8 million (+4.8%) compared with 2023.
- Traffic remains 1.4% below 2019 levels, showing continued recovery after the COVID slump.
- Ten EU countries with more than 10 million passengers each accounted for 95.4% of all seaborne passenger movements.
- Italy led with 93.5 million passengers (22.7%), followed by Greece with 81.1 million (19.7%).
- Denmark ranked third with 41.3 million passengers (10.0%).
Source: https://ec.europa.eu/eurostat/en/web/products-eurostat-news/w/ddn-20251127-1
