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Tag: Attica | Ferry Shipping News

Sep 20
2

Felix Ketchup is now transported to Finland with 90 per cent fewer emissions

By | 2024 Newsletter week 38 | No Comments

Ketchup? 

Baltic Sea’s first green freight corridor, which involves reducing emissions by 90% in the transport of goods, such as Felix ketchup, has been started between Sweden and Finland. The initiative is a collaboration between Orkla Suomi, Scandic Trans, and Viking Line, using biofuel-powered lorries and ships. This sustainable transport route from Fågelmara, Sweden, to Turku, Finland, significantly cuts carbon dioxide emissions from 1,512 kg to 102 kg per shipment, contributing to Orkla’s goal of halving greenhouse gas emissions by 2030. 

The project highlights the use of hydrotreated vegetable oil (HVO) biofuel for lorries and liquefied biogas (LBG) for the maritime leg, showcasing how the transport industry can adopt greener technologies. Viking Line’s vessels, Viking Glory and Viking Grace, which primarily run on liquefied natural gas (LNG), were designed to accommodate future fuels like biofuel, further promoting sustainable logistics. 

The initiative serves as a model for reducing the environmental footprint of supply chains across the Nordic region and has garnered widespread interest, demonstrating the potential for large-scale adoption of biofuel in the transport sector. 

Source and more information: Viking Line 

Sep 15
2

Attica H1, 2024: +30% Revenue, ANEK impacts earnings

By | 2024 Newsletter week 37 | No Comments

Summary of the financial report for Attica Group for the first half of 2024: 

Revenue and Earnings: 

  • Group revenue increased by 29.9% to €317.2 million, compared to €244.3 million in the first half of 2023. 
  • EBITDA dropped to €19.5 million, from €47.5 million in the previous year. 
  • The Group reported a loss after taxes of €4.5 million, compared to earnings of €3.3 million in the first half of 2023. 
  • This period marked the first full semester integrating ANEK Lines following their merger in December 2023. 

Operational Costs: 

  • The Group faced a 9% increase in average fuel prices and additional costs related to emissions allowances under the EU Emissions Trading System. 

Asset Sales and Liquidity: 

  • Attica Group divested its stake in Africa Morocco Links (AML) and sold related vessels, generating a total gain of €22.8 million. 
  • Cash and cash equivalents increased to €157.8 million by June 30, 2024, from €103.4 million at the end of 2023. 
  • The Group fully repaid a €175 million bond loan in July 2024. 

Fleet and Traffic Volumes: 

  • The Group’s fleet consists of 42 vessels, with significant increases in passenger, private vehicle, and freight unit volumes compared to the first half of 2023. 
  • Passenger traffic grew by 16.7%, private vehicles by 26.6%, and freight units by 27.3%. 

Investments and Environmental Initiatives: 

  • The Group is investing in new methanol-ready and battery-ready vessels, with delivery expected in 2027. 
  • Continued expansion into the hospitality sector, including a €14 million investment in a hotel complex on Naxos Island. 

Outlook: 

The operational integration of ANEK is expected to complete by the end of 2024. 

Source: Attica Group 

Dec 01
0

Fleet restructuring from Attica after the merger with Anek Lines

By | 2023 Newsletter week 48 | No Comments

Following the recent successful approval of the merger plan, which involves the absorption of ANEK by Attica, the Group is now embarking on a new “green era” marked by both new investments and organic growth. In the initial phase, the giant ferry operator is undertaking fleet restructuring within the Hellenic Coastal Shipping.

Specifically, the Group plans to operate four large vessels on the Piraeus–Crete service, all adorned with the distinctive Anek Lines’ livery. The vessels assigned to the Piraeus-Chania line will be ELYROS (1998) and EL. VENIZELOS (1992), while those on the Piraeus–Heraklion line will include LEFKA ORI -formerly BLUE HORIZON- (1987) and KISSAMOS -formerly BLUE GALAXY (1992), both of which have already been painted white. There are considerations for replacing EL. VENIZELOS with another vessel boasting a larger car capacity, aligning with the Group’s focus on enhancing the truck service on the Cretan lines.

Conversely, in the Adriatic service, it has been decided that two additional ships will be operated by Superfast and will also feature a red livery.

The first vessel, the Japanese-built ARIADNE (1996), is expected to possibly join the Adriatic service on December 15.

The second ship that may undergo a livery change is ASTERION II (1991), currently operating on the Patras-Venice service and already under Superfast operation.

Photo: Kostas Papadopoulos

Nov 03
0

Attica: Registration of the Highspeed Ro-Pax Vessel HIGHSPEED 3

By | 2023 Newsletter week 44 | No Comments

Attica Holdings S.A. officially confirmed the acquisition and registration in the Greek flag of the highspeed ferry HIGHSPEED 3 (ex-BORAQ, built at Austal in 2000). The vessel was acquired through a public auction held in Algeciras, Spain, by the 100% subsidiary of Attica Group, HELLENIC SEAWAYS, for a total consideration of EUR 2,410,000.

HIGHSPEED 3 is currently undergoing renovation. Upon completion she will enhance Attica Group’s presence on the routes it serves.

Photo: Kostas Papadopoulos

Mar 31
0

Attica buys one of the CLdN ‘Kawasaki’ roro’s

By | 2023 Newsletter week 13 | No Comments

Attica Holdings S.A. acquired roro CLEMENTINE from CldN Ferries NV.

Price: EUR 13.4 million

Built: 1997

Capacity: 2,307 lane meters or 160 trailers + 458 cars

Delivery: summer 2023

 

The 6 “Kawasaki’s” built Owned by
CELESTINE 1996 CLdN
CLEMENTINE 1997 CLdN > Attica
MELUSINE 1999 CLdN
VALENTINE 1999 CLdN > KiwiRail 2022
VICTORINE 2000 CLdN
CELANDINE 2000 CLdN
Jul 14
0

Attica: Completion of the €21 million investment for the Argosaronic routes

By | 2022 Newsletter week 28 | No Comments

The freshly delivered AERO 3 HIGHSPEED concludes the order of three Aero Catamarans placed in January 2021, which starting from early August will be deployed in the Saronic islands offering up to 17 daily routes from Piraeus to the islands of Aegina, Agistri, Poros, Hydra, Spetses, as well as to Ermioni and Porto Heli, in replacement of existing Group capacity in the market.

Jun 09
0

Delivery of AERO 1 HIGHSPEED

By | 2022 Newsletter week 23 | No Comments

Attica took delivery of the AERO 1 HIGHSPEED catamaran, built at Brødrene Aa shipyard, Norway.

It is the first of the three Aero Catamarans ordered in January 2021, which will be deployed in the Saronic islands, in replacement of existing Group capacity in the market.

Total investment EUR 21million, covered by own funds and bank financing.

Saronic routes = 3 million pax/year

The vessel at full load has a maximum speed of 32,2 knots, total length 36 meters, width 9.7 meters and carrying capacity of 150 passengers.

Dec 09
4

Greek hospitality industry

By | 2021 Newsletter week 49 | No Comments

Attica Group expands further in the Greek tourism industry and invests in complementary activities, capitalising on the strong potential of Attica Group.

Attica Blue Hospitality S.M.S.A, a 100% subsidiary of Attica Group, acquired the owning company of Naxos Resort Beach Hotel located on Naxos, in the Agios Georgios beach, for a total consideration of Euro 6.5 million, funded through bank financing.

The hotel complex is constructed on a total surface area of 8,166.92 sqm, has capacity of 88 rooms, with the potential of additional construction of 1,300 sqm, a swimming pool, restaurants, bar, conference facilities, gym, spa and parking space. Attica Blue Hospitality will upgrade and expand the hotel facilities.

The acquisition of Naxos Resort Beach Hotel marks the beginning of Attica Group’s investment in the hospitality industry, allowing the Group to serve a wider range of its customers’ needs and to strengthen its financial position by producing direct synergies.