HH Ferries Group Increased Its Share Of Car Traffic

By 2018 Newsletter week 21

Scandlines Helsingborg-Helsingör made progress in Q1 in terms of transferred cars, ensuring the route an increased share of car traffic on the Öresund.
The expansion of ferry HAMLETs timetable from 1 December 2017 entailed greater capacity, which was almost fully utilized in Q1 already.

  • Cars 239,000 (235,000) + 2%
  • Trucks 111,000 (107,000) +4%
  • Passengers 1.29 million (1.28 million)

Competition On Finland – Sweden Is Tough (Part 1

By 2018 Newsletter week 21

In its Q1 Interim Report, Tallink Grupp AS obviously experiences the same though competition as Viking Line, especially on the routes between Finland and Sweden. The competition has an influence on the ticket price.
The total number of passengers has declined 0,5%, only due to the decrease on Finland – Sweden (-9.9%). This route is also having lower figures for cargo (-15.6%) and cars (-16.3%). All other routes are seeing increases.

  • Revenue €184.2 million (€191.5 million) -3.9%
  • Gross profit €13.7 million (€14.09 million) -7.8%
  • EBITDA €4.2 million (€5.3 million) -20.3%

Competition On Finland – Sweden Is Tough (Part 2)

By 2018 Newsletter week 21

In its Q1 Business Review Viking Line describes the competition as tough. This will imply continued pressure on prices and volumes.
The company also expects higher bunker prices, and sees the exchange rate trend for the Swedish krona as a risk factor.

  • Consolidated sales €100.3 million (101.1 million)
  • Operating income €-13.5 million (-17.7 million)
  • Consolidated income before taxes €-16.1 million (-18.8 million)
  • Income after taxes €-12.9 million (-15.1 million)

FERRY SHIPPING

By 2018 Newsletter week 21

Naviera Armas Can Go Ahead With The Acquisition Of Trasmediterranea

The National Commission of Markets and Competition (CNMC) has authorized the acquisition of Trasmediterranea by Armas, although the latter will have to comply with a series of commitments.

According to the CNMC, the sale posed risks for monopoly. Therefore, Naviera Armas will have to accept the entry of the German company FRS on the Motril – Melilla route, and on the connection between Huelva and the Canary Islands (including the inter island services). These routes are now operated by Armas.

In October the Acciona group reached an agreement for the sale of its 92.7% stake in Trasmediterránea to Naviera Armas for €260.4 million.

Stena Line’s And TT-Line’s Joint Offer On The Route Rostock – Trelleborg Ends

By 2018 Newsletter week 21

Stena Line decided to stop the cooperation with TT Line on the route Rostock – Trelleborg. The two companies worked together for two years on this route, under a swap agreement.
TT Line writes on its website that the cooperation will end on September 15.

The question is now who will bring in most capacity on this route. TT Line writes that, “by utilizing its six vessels to and from Rostock, TT-Line will be able to be more responsive to customer needs for quality and capacity.”

Photo: The lengthening of PETER PAN, seen here in Rostock, is still not finished, after some problems occurred during sea trials. She is due to enter service in June. Photo Mike Louagie

Corvus Energy Secures Contracts For Two More Battery-Powered Ferries

By 2018 Newsletter week 21

Corvus Energy has been selected by Norwegian Electric System (NES) to supply lithium ion battery-based energy storage systems (ESS) for two new all-electric ferries being built by Havyard for Fjord1. The ferries will operate on the Magerholm-Sykkylven route.
This follows a previous order in November 2017 to supply the ESSs for three similar newbuilt Fjord1 ferries that will operate on the Hareid-Sulesund route.

Rolls-Royce And Finferries Sign Cooperation Agreement To Optimize Ship Safety And Efficiency

By 2018 Newsletter week 21

Rolls-Royce and Finferries have signed a collaboration agreement to develop solutions to optimize the safety and efficiency of marine operations through developing the technology for decision supporting systems, and to demonstrate remote and autonomous ferry operations.

A key focus of the collaboration will be a new research project, called SVAN (Safer Vessel with Autonomous Navigation).