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Tag: 2024 | Ferry Shipping News

Jul 26
2

Tallink Grupp Q2: stable result

By | 2024 Newsletter week 30 | No Comments

Q2 

  • -5.8% passengers (1,451,768)
  • -11.4% cars (209,760)
  • +1.7% freight units (86,813)

Unaudited financial results:

  • -8.5% Consolidated revenue EUR 210.0 million
  • EBITDA EUR 46.6 million (EUR 68.5 million in Q2 2023)
  • Net profit for the period was EUR 6.1 million (EUR 33.4 million in Q2 2023).

H1 

  • -1.4% passengers (2.6 million)
  • Unaudited financial results:
  • -7.6% revenue EUR 370.4 million.
  • EBITDA EUR 81.1 million (EUR 95.6 million in January-June 2023).
  • Net profit was EUR 8.7 million (EUR 28.0 million in January-June 2023).

Some background

Reduced charter revenues with 3 of the company’s vessels chartered out as at the end of the quarter (4 at the beginning of the quarter), compared to 7 vessels chartered out in the same period last year, meaning charter revenues in 2024 were significantly lower.

Two of the company’s vessels currently in lay-up (Romantika and Superfast IX, the charter contracts for which had ended), compared to no vessels in lay-up in Q2 2023.

Results were impacted by the income tax recorded on the dividends in the amount of EUR 9.2 million in the quarter.

Comments by CEO Paavo Nõgene

  • Consumer confidence is showing no signs of improving.
  • Geopolitics have an additional impact on Tallink’s region’s tourism development.
  • Trying to find the best work opportunities for the two vessels currently in lay-up.

CLICK to read AS Tallink Grupp Unaudited Consolidated Interim Report Q2 2024 

Jul 19
2

Growth for Port of Antwerp-Bruges in first half of 2024

By | 2024 Newsletter week 29 | No Comments

Positive trend in container throughput expands to other product groups 

RoRo traffic dropped in the first half of 2024 by 5.7% – a minor improvement compared to the end of the last quarter.  

The congestion at the RoRo terminals persists due to the altered business model of the car manufacturers stockpiling at the ports, decreased ​ demand and delayed exports caused by sailing around the Cape of Good Hope. This resulted in a decrease in throughput for all transport materials by 13.2%. The lower throughput of second-hand cars in particular (-45.8%) contributed to this, followed by high & heavy (-22.7%), trucks (-17.6%) and new cars (-9%).  

Throughput of unaccompanied cargo (excluding containers) carried on RoRo vessels, on the other hand, rose by 2.4%. The decline in throughput to and from the United Kingdom (-4.6%) was more than compensated by an increase in throughput to and from Spain and Portugal (+35%), Scandinavia (+18%) and Ireland (+1.4%). 

For the complete results: Newsroom Port of Antwerp Bruges 

Click for the complete results: Newsroom Port of Antwerp Bruges
May 10
2

DFDS Q1: ahead of expectations for the quarter driven by the Ferry Division

By | 2024 Newsletter week 19 | No Comments

Q1 2024

  • Revenue up 11% to DKK 7.0bn
  • EBIT reduced 45% to DKK 200m
  • Adjusted free cash flow of DKK -327m
  • CO2 ferry emission intensity lowered 3%

OUTLOOK 2024

  • EBIT of DKK 2.0-2.4bn
  • Revenue growth of 8-11%
  • Adjusted free cash flow of around DKK 1.5bn

Torben Carlsen, CEO:

  • 2024 is the first year of new strategy “Moving Together Towards 2030” focused on unlocking the value of DFDS’ expanded network through organic growth and transitioning to become a greener company.
  • Ekol Logistics: transaction is expected to close in Q4 2024.
  • FRS: the newly acquired ferry routes on the Strait of Gibraltar were off to a good start.
  • High priority: improving earnings for activities that currently face market headwinds such as the Baltic Sea and Channel ferry networks as well parts of Cold Chain logistics activities.
  • The short-term decarbonisation of ferry activities is on target, and in parallel DFDS is laying the groundwork to achieve its ambition of having six green ferries on the water by the end of 2030.
  • Market environment remains mixed: a higher than expected pick-up in ferry volumes across most of the network in Q1 while land transport network mostly faced flat or lower volumes.
  • Persistent overcapacity enhanced pricing pressure in certain market areas.
  • “While we are on track to deliver on our outlook, we continue to focus on improving profit through operational efficiencies across our network in parallel with the execution of our strategy.”

Click on cover to read more

May 10
2

DFDS April: freight growth across most of network

By | 2024 Newsletter week 19 | No Comments

April volume numbers are compared to 2023 impacted by most of the Easter holiday period falling in March this year compared to April in 2023. In general, this decreases passenger volumes and increases freight volumes for the month compared to 2023.

Ferry – freight:

  • Total volumes in April 2024 were 13.9% above 2023 and up 10.1% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023.
  • North Sea volumes were above 2023 following higher volumes on most routes.
  • Mediterranean volumes were below 2023 as volumes were decreased by the timing difference in April 2024 of a national holiday week compared to 2023.
  • Channel volumes were above 2023 as were Baltic Sea volumes with all routes carrying more volumes.
  • For the last twelve months 2024-23, the total transported freight lane metres decreased 0.9% to 39.7m from 40.1m in 2023-22. The decrease was 1.9% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in April 2024 were 24.5% above 2023 and down 7.6% adjusted for addition of the Strait of Gibraltar routes.
  • The decrease was driven by the Easter timing difference. The number of cars were 21.1% above 2023 and down 6.2% adjusted for Strait of Gibraltar.
  • For the last twelve months 2024-23, the total number of passengers increased 21.8% to 5.1m compared to 4.2m for 2023-22. The increase was 10.0% adjusted for the addition of Strait of Gibraltar routes.
May 03
1

Monthly figures Corsica: growth

By | 2024 newsletter week 18 | No Comments

ORTC (Corsica Transport Office) published the monthly traffic statistics.

 

January February March
Passengers Air 158,010 (+7.4%) 144,841 (+2.1%) 173,123 (+9.6%)
Passengers Ferry 86,610 (+4.4%) 75,316 (-13.1%) 107,809 (+23.1%)
Passenger Cars 36,251 (+0.7%) 32,310 (-10.7%) 45,670 (+13.9%)
Freight (tons) 147,392 (+4.8%) 162,615 (+26.2%) 161,402 (+0.1%)

 

The monthly reports can be downloaded here (in French)

Photo: Mega Regina – © Jean-Pierre Fabre

Apr 19
1

DFDS March volumes: passengers boosted by Easter

By | 2024 newsletter week 16 | No Comments

March volume numbers are compared to 2023 impacted by most of the Easter holiday period falling in March this year compared to April in 2023. In general, this increases passenger volumes and decreases freight volumes compared to 2023 for the month.

Ferry – freight:

  • Total volumes in March 2024 were 2.7% above 2023 and down 2.5% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023.
  • North Sea volumes were below 2023 driven by lower UK volumes following a reduced number of sailings due to weather conditions and the Easter timing difference versus 2023.
  • Mediterranean volumes were above 2023 driven by higher volumes on all routes.
  • Channel volumes were below 2023 as Dover Strait volumes were reduced by the Easter timing difference versus 2023.
  • Baltic Sea volumes were above 2023.
  • For the last twelve months 2024-23, the total transported freight lane metres decreased 3.6% to 39.3m from 40.8m in 2023-22. The decrease was 4.4% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in March 2024 were 83.1% above 2023 and up 38.4% adjusted for the addition of Strait of Gibraltar routes. The adjusted increase was driven by the Easter timing difference.
  • The number of cars were 67.5% above 2023 and up 29.6% adjusted for Strait of Gibraltar.
  • For the last twelve months 2024-23, the total number of passengers increased 21.6% to 5.0m compared to 4.1m for 2023-22. The increase was 12.7% adjusted for the addition of Strait of Gibraltar routes.
Mar 01
1

Scandlines New Year’s reception in Kiel: Emission-free ferry operations begin in 2024

By | 2024 Newsletter week 09 | No Comments

From left to right: Managing Director of Scandlines Deutschland GmbH Heiko Kähler, President of the State Parliament Kristina Herbst, State Secretary Tobias von der Heide, CEO Scandlines Michael Guldmann Petersen, Ingo Gädechens MdB.

Photo: Marc Benkmann/Scandlines

Scandlines’ traditional New Year’s reception took place in Kiel in the presence of Schleswig-Holstein’s State Secretary for Transport, Tobias von der Heide.

Scandlines’ management highlighted the first fully battery-electric ferry and further plans for the electrification of the Puttgarden-Rødby route.

  • The electric ferry Futura is set to commence operations in 2024, operating entirely on electricity.
  • Initially, Futura will be charged with electricity only in Rødby, with plans to expand charging to Puttgarden by 2025.
  • The next phase involves converting the other ferries on the Vogelfluglinie to 80% battery operation before transitioning to entirely electric operation with zero direct emissions by 2030, with two of the four ferries on the Puttgarden-Rødby route making the switch by 2025.
  • Challenges related to fluctuating electricity prices in Germany are noted, with Scandlines hoping for support from German politics.
  • Digital solutions are being implemented to enhance the customer experience during booking, at ports, and on board.
  • While the freight segment experienced slight declines in 2023, Scandlines anticipates growth in the latter half of 2024.