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Tag: 2025 result | Ferry Shipping News

Sep 05
3

French Politicians Publish a Letter in Le Marin to Defend the French Flag

By | 2025 Newsletter week 36 | No Comments
  • 18 French politicians (Provence-Alpes-Côte d’Azur, Corsica, Occitanie) wrote an open letter in Le Marin.
  • They accuse GNV, controlled by MSC, of “predatory dumping.”
  • GNV operates RoPax routes from Sète to Morocco and Algeria.
  • French Politicians claim MSC injected €290 million in 2024, covering losses.
  • Strategy seen as undermining “sustainable” operators and national sovereignty.
  • French unions denounce unfair competition via Italian ship register.

Source: Le Marin (in French)

Aug 29
3

Irish Continental Group Half-Year 2025 Results

By | 2025 Newsletter week 35 | No Comments

Color Group reported satisfactory results for H1 2025, despite fewer passengers and freight units compared to 2024.

  • Revenue: NOK 2.9bn (down NOK 30m vs 2024)
  • EBITDA: NOK 255m (vs NOK 389m in 2024, which included a NOK 45m one-off gain)
  • Volumes: 1.6m passengers, 76,000 freight units (12-m equivalents)

CEO Trond Kleivdal

  • Demand for routes and products remains high.
  • Lower activity due to:
    • Extended shipyard stays for environmental upgrades.
    • Weak freight market.
    • Reduced travel appetite in Norway from weak krone.
  • Group expects a satisfactory annual result. Growth expected in foreign markets.
  • On track with green transition and digital transformation.

Kleivdal warned of rising climate costs hitting the industry:

  • EU Emissions Trading System already adds significant costs.
  • IMO rules from 2028 could lead to double taxation on emissions.
  • Calls on Norway to ensure the industry is not unfairly exposed.

Click on the cover below to access the report

Aug 29
3

Irish Continental Group Half-Year 2025 Results

By | 2025 Newsletter week 35 | No Comments

Group Highlights

  • Revenue: €309.9m (+8.5%).
  • EBITDA: €54.9m (+10.5%).
  • Operating profit: €24.6m (+41.4%).
  • Profit before tax: €20.5m (+40.4%).
  • Net debt: €224.1m (up from €162.2m at year-end 2024).
  • Interim dividend: 5.37c per share (2024: 5.11c).
  • Strong liquidity maintained despite €90.2m in capital expenditure.
  • Investments: purchase of cruise ferry JAMES JOYCE and container vessel CT ENDEAVOR.
  • All eight ferries now owned or under purchase obligation.

Irish Ferries (Ferries Division)

  • Revenue: €206.0m (+4.3%).
  • EBITDA: €40.0m (+7.0%).
  • Operating profit: €14.1m (+48.4%).
  • Car volumes: 264,900 (-4.4%).
  • Passenger volumes: 1.28m (-3.5%).
  • RoRo freight volumes: 393,300 (+2.2%).
  • Passenger revenue: €84.5m (+8.6%) despite fewer sailings.
  • Freight revenue: €100.8m (+1.4%).
  • Disruption from Holyhead Port closure in early 2025, partial recovery since January.
  • Fleet developments:
    • JAMES JOYCE purchased from Tallink, deployed on Dublin–Holyhead.
    • ISLE OF INISHEER redeployed to Dublin–Cherbourg, enabling daily service with WB YEATS.
    • OSCAR WILDE operating Dover–Calais since June 2024.
  • Fuel & emissions costs: €43.1m (down from €46.3m) due to lower fuel prices but higher EU ETS charges.

Sustainability

  • Dublin Swift and ISLE OF INISHEER trialling Hydrotreated Vegetable Oil (HVO), cutting emissions by up to 80%.
  • EU ETS coverage rose to 70% of emissions in 2025.
  • 80% of heavy terminal equipment now powered by renewable electricity.
  • Ongoing trials with biofuels and battery-powered tugs for terminal operations.

Outlook

  • Freight volumes strong; car volumes recovering on Ireland–UK and Ireland–France routes.
  • Dover–Calais volumes impacted by capacity changes.
  • Holyhead Port repairs continue into late 2025 and Q1 2026, with operational restrictions.
  • New daily Dublin–Cherbourg service launched.
  • EU Entry/Exit System (EES) will affect Dover–Calais and Ireland–France routes from late 2025.
  • Continued regulatory cost pressure from EU ETS and FuelEU.

Read the full report here.