Tallink back in black in 2022

By | 2023 Newsletter week 8 | No Comments

Tallink Grupp’s 2022 Unaudited Financial Results reveal a profitable year.

  • Full year profit of EUR 13.9 million (EUR 56.6 million net loss in 2021)
  • Consolidated revenue of EUR 771.4 million (EUR 476.9 million in 2021)
  • EBITDA of EUR 135.8 million (EUR 58.3 million in 2021)
  • Investments of EUR 203.3 million. EUR 176.7 million related to the new shuttle vessel MYSTAR.
  • 5 million Passengers (2.96 million in 2021).
  • 409,769 Freight units (369,000 in 2021)

The 2022 results were impacted by firstly the remaining Covid Travel Restrictions in force at the start of the year and then, more significantly, by the Ukraine War and resultant business cost increases.

Two ships are on long-term charters (ATLANTIC VISION and ROMANTIKA) and four on short-term charters (ISABELLE, SILJA EUROPA, GALAXY and VICTORIA I)

A “satisfactory” 2022 for Viking Line

By | 2023 Newsletter week 7 | No Comments

January– December 2022 (compared to January–December 2021)

  • Sales amounted to EUR 494.7 M (EUR 258.2 M).
  • Other operating revenue was EUR 24.1 M (EUR 46.8 M).
  • Operating income totalled EUR 38.3 M (EUR 32.1 M).
  • Net financial items were EUR -10.0 M (EUR -3.8 M).
  • Income before taxes totalled EUR 28.3 M (EUR 28.3 M).
  • Income after taxes totalled EUR 23.0 M (EUR 24.4 M).

Outlook for the financial year 2023

  • Significant uncertainty continues due to the geopolitical situation.  This is impacting directly on energy prices, inflation, interest rates and currencies and indirectly in terms of propensity to travel, demand, consumption patterns and costs.
  • AMORELLA  was sold in Autumn 2022, and at the end of the year an agreement was reached on the sale of ROSELLA for delivery in January 2023. The company does not foresee any further vessel sales in 2023.
  • Provided that energy prices remain at their current level and taking into account that capital gains are expected to be lower than in 2022, the Board of Directors estimates that income before taxes will be somewhat lower than in 2022..

Jan Hanses, CEO of Viking Line said;

“Our results for 2022 should be described as good. The new financial year 2023 will be both demanding and engaging. We are closely following economic developments and adapting operations to meet the challenges we face, particularly concerning the new environmental norms. Meanwhile, we are optimistic about the future.”

Fourth Quarter Results 2022 (compared to Fourth Quarter 2021)

  • Sales amounted to EUR 124.5 M (EUR 89.3 M).
  • Other operating revenue was EUR 15.2 M (EUR 2.2 M).
  • Operating income totalled EUR 19.4 M (EUR 1.6 M).
  • Net financial items were EUR -2.5 M (EUR -0.4 M).
  • Income before taxes amounted to EUR 16.9 M (EUR 1.2 M).
  • Income after taxes totalled EUR 13.6 M (EUR 1.7 M).

Port of Antwerp-Bruges stable in 2022 Unaccompanied roro cargo successful

By | 2023 Newsletter week 2 | No Comments

2022 was a year of challenges for Port of Antwerp-Bruges. Geopolitical tensions, the energy crisis and ongoing disruptions in supply chains made their presence felt.

The challenges were most palpable in container traffic. Container throughput fell 8.6% in tons and 5.2% in TEUs in 2022, compared with a strong 2021, back to pre-pandemic levels.

Total roro traffic (including PCTC traffic) saw an increase of 6.5%.

More than 3.26 million new cars were handled in 2022, an annualised growth of 10.5%. Throughput of ‘high & heavy’ rolling stock increased by 9.6%, while throughput of used cars and trucks decreased by 13.2% and 17% respectively.

Unaccompanied cargo (excluding containers) grew 10.0%, a significant portion of which was related to the United Kingdom (+4.9%) and Ireland (+35%).

Tallink Grupp’s 2022 annual passenger figure bounces back after COVID years and nearly doubles compared to 2021

By | 2023 Newsletter week 1 | No Comments

Tallink Grupp’s figures show improvement after the last two COVID years despite the global economic and security challenges and despite six of the company’s vessels being chartered out by Q4 of the year.

  • During the full year 2022, Tallink Grupp transported +84.4% passengers (5,462,085)
  • Passenger numbers increased on all three of the company’s current regular routes Finland-Sweden, Estonia-Finland and Estonia-Sweden compared to 2021, with the greatest increase of 96% on the Finland-Sweden routes, the Estonia-Sweden route following closely behind with a 93.4% increase, and the Estonia-Finland route seeing an increase of 76.9%.
  • The number of passenger vehicles transported in 2022 increased by 36,1%.
  • The number of cargo units carried by the company in 2022, although not seeing as sharp an increase as passenger numbers, also increased by 11%.
  • The greatest increase in the cargo units carried was seen on the company’s Estonia-Finland routes, which saw a 19% increase in unit numbers year-on-year.
  • The only decrease of the year was the company’s cargo units carried on the Finland-Sweden routes, impacted by the chartering out of the company’s vessel GALAXY, leading to reduced cargo capacity.

Viking Line: 2022 was eventful and successful

By | 2023 Newsletter week 1 | No Comments

Year 2022, like the previous year, continued to be exceptional for the whole world, as well as for Viking Line:

Negative: pandemic + Ukraine + sky-high fuel prices + market uncertainty.

Positive: a renewed demand to travel, especially locally.

Fleet changes:

  • AMORELLA and ROSELLA sold.
  • VIKING GLORY entered service in March. The ship has been very popular and will reach the 1 million passenger milestone after less than a year in traffic.

Traffic in 2022:

+114% Total passengers 4,945,564 (2,315,137)

+116% Turku – Åland – Stockholm 1,955,988 (904,321). Viking Line’s market share was 64 %.

+236% Route Helsinki – Åland – Stockholm (GABRIELLA) 515,445 (153,183) passengers.

+102% Route Stockholm – Mariehamn (cruise with VIKING CINDERELLA) 517,354 (256,344)

+33% Route Mariehamn – Kapellskär (ROSELLA) 464,375 (348,209)

+116% Route Helsinki – Tallinn (VIKING XPRS) 1,266,642 (586,354)

+42% Total passenger cars 630,651 (442,484)

-9% Total freight units 117,777 (129,278)

Photographer: Joonas Kortelainen

Corsica Linea took delivery of A GALEOTTA

By | 2022 Newsletter week 49 | No Comments

Corsica Linea took delivery of the new LNG-powered RoPax named A GALEOTTA, built by Cantiere Navale Visentini shipyard in Porto Viro.

The vessel will have the capacity to accommodate 650 passengers and 2,560 lane meters of freight. Also, the ship will be able to carry 150 cars on a separate deck.

Corsica Linea’s ferries provide year-round services from Marseille, the main trading port in France to the Mediterranean island of Corsica. The vessel is to be deployed on the route linking Marseille and Ajaccio / Bastia.

Dutch firm Titan will bunker Corsica Linea’s first LNG-powered RoPax in Marseille, as part of a deal revealed in January this year. Titan will first provide truck-to-ship operations until its 4,500 m3 LNG bunkering vessel KRIOS arrives.