Bookaway Increases Transportation Options with Direct Ferries Integration

By | 2021 Newsletter week 36 | No Comments

Ground and sea transportation platform Bookaway has integrated with specialist OTA Direct Ferries.

“As part of the final stages of implementation, we plan to offer car ferry bookings on our platform for the first time – which will appeal to a new wave of group, family and environmentally conscious travellers,” said David Yitzhaki, Bookaway’s chief marketing officer and co-founder.

‘Papenburger Sister’ APOLLO Arrived in Aliaga

By | 2021 Newsletter week 36 | No Comments

On September 5, APOLLO finally arrived in Aliaga for recycling.

She was one of the famous nine “Papenburger Sisters”, built by Meyer Werft in 1970.

Six were built for Viking Line, and three for the Mexican Government.

Apollo was sold in 1999 to Labrador Marine Inc. of St. John’s (NFL) and entered service in May 2000 on the St. Barbe (Newfoundland) to Blanc Sablon (Labrador) route for the Woodward Group of Canada.

Private Equity funds Apollo and HPS injected USD 75 Million in Naviera Armas

By | 2020 Newsletter week 41 | No Comments

Spanish media reports that Naviera Armas has just received financial oxygen from two private equity funds, Apollo and HPS. They injected some USD 75 million in order to keep the ferry company alive in the rough seas of the coronavirus emergency.

Since the news went public both the EUR 280 and 300 million bonds issued respectively in 2016 and 2017 and due to expire in 2023 and 2024 decreased their values and are now negotiated in the range between 40 and 50% of the original value.

This new debt received from the funds comes after EUR 50 million provided by some Spanish banks earlier this year.

Last week Grandi Navi Veloci officially announced to have sub-chartered from Naviera Armas-controlled Trasmediterranea both ropaxes TENACIA and FORZA owned by Grimaldi Holding and deployed up to now on the Spain – Balearic Islands routes.


By | 2019 Newsletter week 13 | No Comments

Quebec Ferry Corporation Grounds APOLLO For Good

The province’s ferry corporation is pulling the plug on the APOLLO, just weeks after the ferry acquired in January made its first crossing of the St. Lawrence River in eastern Quebec.

Stéphane Lafaut, the interim head of the Société des Traversiers du Québec (STQ), made the announcement following a series of incidents in the last month — including the vessel’s collision into the wharf in Matane.