GNV’s EXCELLENT Reached Palumbo Shipyard In Messina For Repairs After Accident In Barcelona

By 2018 Newsletter week 45

The ferry EXCELLENT, owned and operated by Grandi Navi Veloci, has reached the port of Messina this week for some repairs due to be performed by Palumbo shipyard.

The vessel collided with the quay and a gantry crane in the port of Barcelona on 31 October. The crane capsized and took fire.

GNV said in a statement that extreme strong winds and sea currents prevented the ship from docking, eventually pushing it against the port’s crane.

The impact damaged the bulbous bow.

SILJA SERENADE Modernised In November

By 2018 Newsletter week 45

The modernisation of Silja Line’s ships continues when SILJA SERENADE, operating on Helsinki-Stockholm route, will be docked in Naantali from 11 to 23 November.

Which are the areas which will be changed drastically?

  • The nearly 1,500 m2 nightclub Atlantis Palace. Will be renamed Starlight.
  • The fine dining restaurant Bon Vivant and its wine bar.
  • The restaurant El Capitan. Will be renamed Grill House.
  • The ship’s Old Port Pub will become more spacious. To be renamed Sea Pub.
  • Stairways and cabin corridors.
  • Fitting of shore power supply.

The sister ship SILJA SYMPHONY will undergo a similar modernisation in January.

Interior architect: Heikki Mattila (Aprocos).

Greek Ferry Fleet Gets Another Large Asian Ferry

By 2018 Newsletter week 45

Chinese Weidong Ferry handed over the ro-pax ferry NEW GOLDEN BRIDGE II to Greek A-Ship Management (Arkoumanis). On 5 November the ferry was seen south of Hong Kong and was already renamed GOLDEN BRIDGE and reflagged to Cyprus.
She was reported to be Perama bound.
With a gross tonnage of more than 26,000 and a length of 187m this ferry is quite large.
She was built in Japan in 1990, and recently operated between China and South Korea.

FINANCE

By 2018 Newsletter week 45

Finnlines Continues To Be A Strong Performer

Finnlines doesn’t stop to impress by its excellent results.

First nine months:

+10.7% Revenue (EUR 447.9 million)

+7.1% EBITDA (EUR 129.0 million)

+10.9% Result (EUR 75.3 million)

Q3: Best ever Q3 result again

+9.4% Revenue (EUR 158.8 million)

-0.2% EBITDA (EUR 50.6 million)

+1.5% Result (EUR 33.0 million)

The Grimaldi Group has three modern and green ro-ro vessels on order, which will add up another 17,500 lane metres to their Finnlines services. They are expected to enter service in three to four years time.

Tallink Grupp’s Passenger Numbers And Cargo Units Increase, But Net Profit Is Down

By 2018 Newsletter week 45

Tallink Grupp has announced its unaudited financial results for Q3 and first nine months of 2018.

Q3

+1.2% passengers (2.9 million passengers)

+0.3% revenue (EUR 283.6 million)

-3.6% unaudited net profit (EUR 46.1 million)

Comment:

  • number of passengers travelling, and the number of cargo units transported increased in all the geographical segments, however:
  • higher fuel costs
  • decreased charter revenues two Superfast ferries have led to the slightly reduced profit compared to the same period in 2017.

Unaudited 9-month interim statement

+0.9% passengers (7.5 million passengers)

-7.9% net profit (EUR 41.8 million)

-1.5% unaudited revenue (EUR 723.2 million)

 

Comment:

  • June and July highest numbers of passengers ever for these months
  • Largest number of passengers on the Estonia-Finland routes.
  • Largest number of cargo units on the Estonia-Finland routes
  • The greatest increases in both passengers and cargo units transported, has taken place on the Latvia-Sweden route.
  • Significantly increased fuel prices
  • Lower charter revenues
  • Strong competition
  • Longer than planned docking of one of the vessels in Q1

INDUSTRY ASSOCIATIONS

By 2018 Newsletter week 45

IMO Adopted Action Plan To Address Marine Plastic Litter From Ships

IMO’s Marine Environment Protection Committee (MEPC) adopted on 26 October the action plan, to contribute to the global solution for preventing marine plastic litter entering the oceans through ship-based activities.

INTERESTING READS

By 2018 Newsletter week 45

UK Government Preparing For A ‘No Deal’ EU Exit

The UK government has prepared two guides if the country leaves the EU without an agreement on 29 March 2019: a guide for importing, and a guide for exporting.

A hard rexit means that UK businesses will have to apply customs, excise and VAT procedures to goods traded with the EU, in the same way that already applies for goods traded outside of the EU.

Trading partners in the EU will also have to apply customs, excise and VAT procedures to goods received from the UK, in the same way that they do for goods received from outside of the EU.

More can be found in these two guides: