GNV declared total loss for LA SUPERBA – Now likely to be sold for scrap

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Grandi Navi Veloci’s ferry La Superba, which suffered a fire while docked at Palermo, Sicily, on 14 January 2023, has been declared a total loss and is likely to be sold for scrap in Turkey soon.

The insurance company Siat now owns the vessel after GNV declared it a constructive total loss. Initially, GNV aimed to have La Superba back in service by the summer of 2023, but the ship has remained inactive due to significant fire damage to the forward part of the vessel, including two decks in the garage, some cabins, and a public area.

La Superba was built by Nuovi Cantieri Apuania in Italy and, upon its entry into service in 2002, was the largest passenger ferry in the Mediterranean and one of the largest worldwide. The ferry can accommodate 2,920 passengers in 567 cabins and 940 seats, along with 1,000 cars in four garages, and has a total cargo capacity of 2,800 lane metres.

Photo: Vigil del Fuoco

DFDS May volumes: both freight and passenger continued to grow

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Ferry – freight:

  • Total volumes in May 2024 were 6.9% above 2023 and up 3.8% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023.
  • North Sea volumes were just below 2023 partly due to lower automotive volumes following temporary plant closures.
  • Mediterranean volumes were above 2023 driven by higher volumes on all routes.
  • Channel volumes were above 2023 and the Baltic Sea routes likewise continued to grow volumes.

For the last twelve months 2024-23, the total transported freight lane metres increased 1.6% to 40.0m from 39.3m in 2023-22. The increase was 0.3% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in May 2024 was 49.2% above 2023 and up 17.0% adjusted for addition of the Strait of Gibraltar routes. The increase was driven mainly by higher Channel volumes.
  • The number of cars were 34.7% above 2023 and up 13.0% adjusted for Strait of Gibraltar.

For the last twelve months 2024-23, the total number of passengers increased 23.7% to 5.3m compared to 4.3m for 2023-22. The increase was 9.2% adjusted for Strait of Gibraltar.

Key financial results for Virtu Maritime Ltd. Group in 2023

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  • Pre-tax Profit: €8 million (2022: €793,000 pre-tax loss)
  • Revenue: €53.9 million, up 28.7% from €41.9 million in 2022
    • Ferry Services: €45.6 million
    • Food and Beverage Sales: €1.5 million
    • Charter Hire and Related Income: €6.8 million
  • Cost of Sales: €36.6 million (up from €34.9 million in 2022)(mainly vessel operating expenses and employee benefit expenses)
  • Administrative Expenses: €6.2 million
  • Finance Costs: €3.2 million
  • Total Assets: €200.3 million (2022: €196.2 million)

Virtu Maritime anticipates continued profitability and cash generation in 2024​.

Annual Report

Estonia will announce the tender for the construction of the new Virtsu-Kuivastu ferry in September

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Riigilaevastik, Estonia’s state-owned maritime company, has announced plans to launch a procurement tender in September for the construction of a new ferry for the Virtsu-Kuivastu route.

The new ferry will incorporate advanced green technology, including hydrogen fuel cells and batteries, ensuring zero emissions. This vessel, which will be smaller than initially planned, is designed to accommodate up to 700 passengers and 200 vehicles, enhancing the efficiency of the current fleet.

The ferry is expected to start operations by October 2026.

Source: Riigilaevastik

Irish Ferries name changes for Dover Calais and Holyhead Dublin ships

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Irish Ferries has a proud tradition of extending its Irish heritage through the naming of its ships after famous Irish writers and their works of literature.

In keeping with this, Irish Ferries announced some name changes:

  • Oscar Wilde, currently serving the Holyhead to Dublin and Dublin to Cherbourg routes, is to be renamed the James Joyce.
  • The recently acquired Spirt of Britain will be renamed as Oscar Wilde. This vessel will join the Irish Ferries fleet on the Dover to Calais route later this month replacing the Isle of Innisfree, which will move to the Pembroke to Rosslare route.

IMAGE CARDS

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On June 13, 2024 Magic Sea Ferries’ HSC Magic 1 made her maiden voyage on the Piraeus – Agia Marina – Hydra route. The ship will offer two daily sailings from Piraeus and Hydra.

The craft was purchased on March 2024 in Singapore. She was built in 2023. Her carrying capacity is for 317 passengers and it has a 32 knots maximum speed.

Photo: Kostas Papadopoulos

RoRo Thalassitis (formerly Jan Sniadecki) of the Greek-based cargo company Aeinaftis is currently undergoing conversion at Neos Molos (Drapetsona). The ship was purchased from Unity Line in February 2024. Her conversion as a RoRo primarily focuses on her garage and internal ramps, and she is expected to be dry-docked at the end of June. The ship will enhance the company’s presence on routes in the North Aegean and Crete. RoRo Thalassitis’ carrying capacity is 1,116 lane metres (102 trucks).

Photo: Anastasios Anastasiou

Virtu Rapid Ferries Ltd has concluded a time charter agreement with Stena Line Scandinavia AB for the HSC Maria Dolores, covering the Spain-Morocco route. The vessel, which operated on this route from April 2022 to December 2023, recently completed a short-term charter in the Eastern Mediterranean and underwent routine maintenance in Malta.

The vessel will operate for Africa Morocco Link, the company in which Stena has 49% of the shares, announced in April 2024.

Source: Virtu Finance on Malta Stock Exchange and Photo: Austal

Loch Indaal was launched on 8 June at the Cemre shipyard. The vessel is the second of four ferries being built at the yard and will serve Islay and Jura alongside sister vessel, Isle of Islay, which was launched in March.

Scheduled for delivery in February 2025, Loch Indaal will significantly boost capacity on the Islay routes, with the ability to accommodate up to 450 passengers and 100 cars, or 14 commercial vehicles. This addition will increase vehicle and freight capacity by 40% on the Islay routes, strengthening the overall fleet’s resilience.

Photo courtesy of Brian Fulton.

Ystad Hamn Logistik AB has appointed Erik Eskling Hansen as Business Developer, a new role in which he will oversee the commercial development of the port, including ferry traffic and conventional cargo handling, as well as external communications related to public and media relations. Erik will assume his position on June 24.

The Italian government has chartered the GNV Azzurra to serve as a floating hotel in the port of Brindisi, accommodating police officers who are providing security for this week’s G7 summit at Borgo Egnazia, a luxury resort in the Puglia region. The GNV ferry, which can host approximately 2,000 passengers, was brought in to increase available accommodation following the impoundment of the cruise ship Goddess of the Night due to complaints about poor conditions on board.

Earlier this week, unions reported poor sanitary conditions on the impounded cruise ship, citing unusable cabins, water leaks, broken toilets, and faulty air conditioning, which necessitated relocating those on board to hotels and another vessel. The Italian government is estimated to have spent around EUR 6 million to charter the cruise vessel for the duration of the G7 summit.

Washington State is advancing its ferry fleet with the launch of a national contracting process to build five new hybrid-electric ferries. These vessels, expected to be delivered between 2028 and 2030, aim to replace aging diesel ferries, reducing emissions significantly.

The initiative supports state goals for greenhouse gas reduction and includes funding from the Climate Commitment Act and Move Ahead Washington. This shift to hybrid-electric ferries promises a cleaner, more sustainable future for Washington’s ferry system. For detailed information, visit the WSDOT blog.

Nikolai Knudsmoen Utheim has taken over as CEO of Boreal Norge AS.

Utheim has broad management experience and comes from the company Coor Service Management AS where he has held various management positions. In Norway, Coor has a turnover of more than NOK 2 billion and has around 2,000 employees.

Former CEO Kjetil Førsvoll will assist Boreal as a senior advisor for a period before he retires.

Boreal currently has 2,700 employees and a turnover of NOK 4.1 billion.

Corsican transport figures 2023

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In 2023, Corsican ports and airports handled 8.2 million passengers, excluding cruise passengers.

Overall traffic was down slightly (-0.6%) compared with 2022. This downturn is attributable to the fall in the number of air passengers (-1.5%).

In the maritime sector, excluding cruise passengers, traffic has not fully recovered its 2019 level (-2.1%), but increased slightly (+0.5%) in 2023 (compared to 2022).

The increase (+12%) in the number of incoming cruise passengers compared with 2022 confirms the recovery in cruise activity.

The tonnage of goods entering Corsica by sea, after recovering its 2019 level in 2022, shows a drop of 7.3% in 2023 mainly due to a reduction in incoming oil products (-17%).

On the other hand, commercial air freight transport grew by 11% in 2023.

Source: Corse Déveloopement (in French)

AS Tallink Grupp Statistics for May 2024

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FINLAND – SWEDEN

  • The May Finland-Sweden results reflect the operation of the Helsinki-Stockholm and Turku-Kapellskär routes.
  • Baltic Princess did not operate the Turku-Kapellskär route for 3 days in May.

ESTONIA – FINLAND

  • The May Estonia-Finland results reflect operations of the shuttle vessels of MyStar and Megastar as well as the operation of the cruise ferry Victoria I that started operating the cruise service from 12 October 2023.
  • From 31 May 2024, the cruise ferry Victoria I is operating the Tallinn-Stockholm route.

ESTONIA – SWEDEN

  • The May Estonia-Sweden results reflect the operations of the Tallinn-Stockholm and the Paldiski-Kapellskär routes by one cruise ferry and two cargo vessels until 31 May 2024.
  • Victoria I that was added to the Tallinn-Stockholm route on 31 May and will be operating the route until 31 August 2024.

Moby: new ferry routes to Corsica

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Moby has expanded its ferry services to Corsica with new and enhanced routes, catering to the growing demand from travellers. The additions include two new lines: Genoa-Ajaccio-Porto Torres and Piombino-Bastia.

The Genoa-Ajaccio-Porto Torres route will operate from June to September, with two services per week in June and three in July, August, and September. This new service is designed to provide a more convenient connection, allowing passengers to save travel time and enjoy their holidays in Ajaccio.

The Piombino-Bastia route, the fastest connection between the mainland and Corsica, will run two rotations per week on Saturdays and Sundays during July and August.

In addition to the new routes, Moby is strengthening its existing services. The Livorno-Bastia line sees increased frequency since Easter until November, with daily departures. The Genoa-Bastia route is strengthened from mid-May to the end of September, offering up to two trips per day.

These expansions reflect Moby’s commitment to enhancing accessibility to Corsica, complementing its historic routes: Genoa-Bastia, Livorno-Bastia, and Santa Teresa di Gallura-Bonifacio.

Swedish green-tech company Cetasol secures €2m seed round to accelerate sustainability in maritime segment

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Cetasol, a green-tech company, has secured €2M in seed funding from investors Sarsia, ShipsFocus, and Impact X Capital to enhance maritime sustainability. The funding will double R&D efforts and optimize AI and software for global sales of their iHelm solution, which reduces fuel consumption by 10-25%. The iHelm platform provides real-time insights and support for energy optimization, applicable to any vessel. This investment aims to scale Cetasol’s innovative technology and promote sustainable practices in the maritime industry.

For more details, visit Cetasol’s press release.