Elb-Link filed for bankruptcy

By 2017 Newsletter week 48

It is not a surprise. For the third time the cross-Elbe ferry company did not survive in spite of rescue attempts. Depending on the sources, several reasons are being given for the failure.

  • Insufficient cars, cargo and passengers or, ship that was too large.
  • Insufficient support from local authorities on both sides of the river. Elb-Link asked for a public bridging loan of EUR 200,000 but this wasn’t granted.
  • Increased charter rate of the ferry upon renewal of contract (EUR 8,000/day). Management of Elb-Link says a more realistic price would be EUR 3,500.

Photo: Elb Link

More sailings, cargo and pax for the Attica Group

By 2017 Newsletter week 48

In its key financial figures for the nine-month period 2017, Attica Group presents the following results:

  • Revenues: EUR 215.46 million (status quo)
  • EBITDA: EUR 47.75 million (EUR 62.35 million)
  • Profit after tax: EUR 4.68 million (EUR 26.50 million)

The lower profit is mainly related to the significantly increased fuel oil price, which is a pity after better results on the transportation side:

  • Sailings +1.1%
  • Passengers +0.5%
  • Private vehicles +3.7%
  • Cargo units +1.8%

Approvals from the competent authorities are pending in order for the Company to complete the acquisition of a total 98.83% shareholding stake in Hellenic Seaways Maritime S.A.

New buffet restaurant concept on DFDS Newcastle – IJmuiden

By 2017 Newsletter week 48

January 2018 will see the introduction of a new buffet restaurant concept on board the two ferries of the DFDS Newcastle-Amsterdam route. Seven Seas Restaurant will be renamed Explorer’s Kitchen. It is still going to be an all-you-can-eat for breakfast and dinner, but there’ll be a range of new evening dishes for passengers to enjoy.
Tariffs have been changed too, with discounts of up to 34% when pre-booking.

Photo: Mike Louagie

IN THE PRESS

By 2017 Newsletter week 48

The second edition of the Baltic Yearbook is out

This publication from Baltic Press (Poland) is an ambitious work of 172 pages, giving a comprehensive picture of the region’s port and port-related transport industry, with focus on ro-ro, ferry, container and logistics.
What the global transport sector might look like in 2050 is definitely worth a read.

Photo Mike Louagie

Way is clear for an expansion of Travemünde’s Skandinavienkai

By 2017 Newsletter week 48

Confidence has returned to LHG (Port of Lübeck) after the unions accepted the rescue package last week. A planned extension of the handling area at the Skandinavienkai can now become reality. The quay area could get 16 more hectares.
Parts of the paper business would be relocated from the Nordland terminal (Lübeck) to the Skandinavienkai (Travemünde), closer to the sea. The LHG confirmed that construction should start in the first half of 2018, and the expansion could be completed by the end of 2019.

Source: LN

SHORT NEWS

By 2017 Newsletter week 48
  • CLdN’s new vessel CELINE will soon get the company of DELPHINE, her sister. She began sea trials on Wednesday November 22.
  • The Swedish Transport Agency has given Molslinjen the green light to operate the fast ferries EXPRESS 1, EXPRESS 2 and MAX MOLS between Ystad and Bornholm, when Molslinjen takes over from Faergen in September next year. There was a concern about waves caused by the ferries.