ANEK Lines’ Ro-Ro ISLAND EXPRESS To Sail in Caribbean

By | 2019 Newsletter week 21 | No Comments

ANEK LINES’ small RoRo ISLAND EXPRESS (1989) was eventually chartered out to the Dominican Republic based Priority Ro/Ro and soon she will depart for the other side of the Atlantic Ocean.
The ship was purchased last March and she will support her operator’s presence in the area where traffic is growing fast. ISLAND EXPRESS was built in Italy in 1989 (Cantieri Navali Visentini) and flies the Cypriot flag.

FERRY FINANCE

By | 2018 Newsletter week 11 | No Comments

Good results from ANEK affected by increase in bunker cost

Some key figures from ANEK Lines annual report:

Passengers +7% 1,040,000 (974,000)
Cars +9% 204,000(188,000)
Trucks +4% 139,000 (133,000)

Concerning financial results, during 2017 ANEK Group maintained its profitability for the third consecutive year. However, the increase in the average price of fuel resulted to the increase of operating cost and the reduction of EBIDTA, despite the increase of turnover.

Turnover € 164.7 million (€ 157.6 million)
Consolidated gross profit € 31.4 million (€ 41.1 million).
EBITDA € 12.8 million (€ 25.6 million)