Record results for Grimaldi in 2021

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Given the current economic and political instability, and “despite upheavals and thanks to both the diversity of our fleet and markets served and the efforts of employees onshore and at sea” Grimaldi Group registered record results in 2021.

Consolidated turnover came in at EUR 3.46 billion, significantly up on the EUR 2.78 billion seen in 2020.

EBITDA came in at EUR 947 million, up from EUR 659 million the previous year, while equity increased to EUR 4.45 billion.

The Naples-based group informed that Trans-Atlantic operator ACL and the Grimaldi deep-sea services to West Africa and South America generated exceptionally good results amid high rates for the carriage of containers, in particular. But even the Grimaldi EuroMed services were successful, despite the microchip crisis and passenger transport limitations imposed by the pandemic.

Both Aegean operator Minoan Lines and Trasmed, the latter active on the Continental Spain-Balearic Islands routes, contributed to the 2021 EBITDA.

“Given, what is more, the very good result of the first quarter of this year, it is with positivity and confidence that we look to the future” Grimaldi also added. Specifying that by the end of 2024, the group will have taken delivery of another 14 newbuilds.

Strong recovery in 2021 generates again a positive result for Stena Group

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Stena Group

The Stena Group has in 2021 returned to profit after, for the first time in the Group’s eighty-year history, reported a negative result in 2020.

  • A healthy balance sheet with an equity ratio of 36% as at 31 December 2021, compared to 35% as 31 December 2020.
  • Strong liquidity position amounting to SEK 20.3 billion (19.9 billion).
  • Total income amounted to SEK 39.0 billion (33.3 billion).
  • EBITDA amounted to SEK 7.1 billion (SEK 4.9 billion).
  • EBITDA increased compared to previous year, mainly as a result of increased EBITDA for the segments Ferry Operation, Drilling Offshore and New Businesses.
  • Profit before tax amounted to SEK 499 million (–4,858).

Stena Line

  • Stena Line´s operational result increased compared to last year mainly due to strong freight volumes and cost reductions.
  • Passenger and car volumes have improved as countries eased off Covid-19 travel restrictions.
  • The operational EBITDA increase also includes extraordinary revenue of EUR 13.4 million in remuneration from UK Department for Transportation in order to guarantee transports into UK during the six months following Brexit.


Stena RoRo

Stena RoRo’s result increased in 2021 compared to 2020 because of a continued high utilisation rate and strong contract coverage of the fleet during the year, together with vessel sales as well as delivery and chartering out of newbuildings. The newbuilding programme from the CMI Jinling Weihai ship­yard has continued during the year, which has resulted in three new contracts. In total 12 E-Flexer RoPax vessels have

now been ordered from the shipyard.

Color Line 2021: on the way out of the pandemic

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2021, another demanding year for Color Line, primarily due to major operational challenges as a result of government-imposed restrictions in connection with the pandemic.

Operating revenues were NOK 2.6 billion in 2021, which was in line with 2020 and significantly below NOK 5.3 billion in the last normal year 2019.

Operating profit increased to NOK 211 million in 2021 from NOK -47 million in 2020.

Profit before tax was NOK -591 million in 2021 (NOK -1.2 billion)

Passengers 1,143,480 (1,255,046)

Freight units 180,850 (174,068)

Color Line’s demand quickly rose to the levels ahead of the pandemic as soon as the community reopened in early 2022. The booking rate is now in line with 2019, and the outlook for the current year is therefore very positive.

Color Line expects a result for 2022 that is significantly better than last year, almost in line with a normal year. The company capitalizes on its very loyal customer base, attractive products and a renewed interest in the local markets within tourism, in combination with a more cost-effective operation and positive development in customer values after the pandemic.

Scandlines improved performance in a challenging market in 2021

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  • Scandlines navigated market volatility and the impact of COVID-19 in 2021 and maintained margins thanks to a dedicated team effort and strict cost control.
  • Scandlines solidified its position as a green front-runner with a long-term investment in a new emission-free freight ferry and ambitions of making the Puttgarden-Rødby route emission free by 2030 and realising its zero-emission vision by 2040.
  • Traffic continued to fluctuate substantially in 2021 following political decisions to impose and lift travel restrictions in Scandlines’ markets in response to developments in COVID-19.
  • Based on a gradual rebound in traffic volume compared to 2020, Scandlines grew revenue by 20% to EUR 328 million and maintained the EBITDA margin at 41% following tight cost control measures and efficiency enhancements.
  • The two ferry routes generated revenue of EUR 260 million (2020: EUR 216 million) in 2021 as COVID-19 certificates were introduced, improving travel options, and government-imposed travel restrictions impacted fewer months of the year.
  • Full-year traffic figures increased by double digits across all categories compared to 2020, but volumes remained significantly lower compared to 2019 except for the freight business, which continued to deliver consistent growth throughout the year, ensuring the strongest performance ever.
  • The BorderShops saw higher activity in 2021 compared to 2020 and grew revenue by 19% to EUR 68 million.
  • Profit from ordinary activities (recurring EBITDA) grew by 59% to EUR 133 million (2020: EUR 84 million) corresponding to a recurring EBITDA margin at a pre-COVID-19 level of 41% despite earnings remaining significantly lower than before the outbreak of the pandemic.


  • Car, passenger, and shopping traffic is expected to rebound strongly in the wake of COVID-19 with bus travel gradually returning to previous levels.
  • The strong freight traffic performance is expected to continue throughout the year.
  • Due to the continued high degree of uncertainty and very low visibility, management is currently not in a position to provide precise financial guidance for 2022.

Successful year for Port of Ystad

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The Swedish port has seen a return of traffic after the pandemic.

January-December 2021

+17.5% Cargo (t) 3,376,365

+16.4% Trucks/trailers 263,918

+24.1% Buses 4,083

+15.4% Cars 734,256

+17.6% Passengers 2,373,960

+11.4% Calls 3.998

Swedish Minister for Infrastructure, Tomas Eneroth, will inaugurate the new berths on 16th of May.

Port of Piraeus: financial results for the year 2021

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+16% turnover € 154.2 million (€ 132.9 million)

+33% profit before taxes amounted € 49.2 million (€ 36.9 million)

+39% profit after taxes € 36.8 million (€ 26.4 million)

+57% Proposed dividend per share € 0.63 (€ 0.40)

The above amount is the highest level of profitability in the PPA history. Compared to the previous year, Pier I at the Container Terminal performed an increase of 13,9% in TEU handling, Car Terminal had an increase of 40,6% in vehicles throughput, the Cruise Terminal achieved a significant recovery by facilitating a total number of 379 Cruise Vessels and the number of vessels at the Ship Repair docks had an increase of 16.5%.

2021, an exceptional year for Port Boulogne Calais

By | 2022 Newsletter week 5 | No Comments

In 2021, Port Boulogne Calais experienced a very full year which could be
described as “extraordinary”:

  • the entry into force of Brexit and the United Kingdom’s exit from the Common Market
  • the COVID-19 health crisis
  • the arrival of a third cross-Channel company, Irish Ferries
  • the start of the DFDS roro service Calais-Sheerness (temp. suspended in January 2022)
  • the opening of the new port of Calais which marks the completion of 6 years of work on the largest port site in Europe at the start of the century

Cross-Channel activity: 
-1.0% cargo 38,199,399 tonnes
-1.4% freight 1,638,695 units
-27% passengers 2,387,757
-42% passenger vehicles 248,217

Port of Zeebrugge 2021: 4,6% growth and record-breaking volumes since 2010

By | 2022 Newsletter week 5 | No Comments

In 2021 port of Zeebrugge realized a growth of 4.6% and the total handled tonnage just does not reach the cape of 50 million tons (49,169,915 total tonnage). Only the year 2010, with 49.6 million tons, precedes 2021 in the records.

With the container sector leading the way (+15.1%), all sectors except liquid bulk (-10.9%) posted positive results last year: RoRo +5.1%, Bulk +6.7%, Solid bulk +2%.

For the port of Zeebrugge whose largest trading partner is the United Kingdom, Brexit posed an unprecedented challenge.
The existing connections to Ireland proved to be an absolute asset in the pre-and post-Brexit era.
In 2021, Zeebrugge saw traffic volumes on the UK liner services decreasing by 4.1%.
In contrast, traffic volumes on Irish destinations were up 38.7%.

The other shortsea ro-ro destinations also showed good growth: Scandinavia +10.4%, Southern Europe +22.8%.

Container traffic experienced growth of 15.1% to a total volume of over 20.6 million tons or 2,205,457 TEUs. Both the handling of RoRo containers (+5.2%), LoLo (lift-on lift-off) containers +30.7%, and container volumes via estuary shipping (36.5%) are increasing.