FERRY FINANCE

By | 2020 Newsletter week 19 | No Comments

Brittany Ferries Goes on with the Planned Investments, in Spite Of Challenging Year

At its General Assembly on May 5, Brittany Ferries recalled that tourism is part of its DNA and stressed its major economic contribution to the regions it serves. Chairman Jean-Marc Roué recalled that the history of Brittany Ferries is intrinsically linked to that of the regions it has served, since its foundation. He also said that 2020 will be a challenging year. However, investments will go on as planned:

GALICIA (UK – Spain) to be delivered in July, in service in November

HONFLEUR (France – UK) delayed due to problems of yard in Flensburg

SALAMANCA (UK – Spain) keel laid in April 2020

SANTOñA (UK – Spain) 2023

Before the crisis, the company operated 12 ships on 12 routes, linking  France, UK, Ireland and Spain.

Since March 19, BF only transports goods, with 5 ships on Caen-Portsmouth, Cherbourg-Portsmouth, Santander-Portsmouth, Bilbao-Poole and Bilbao-Rosslare.

Key figures for 2019

Revenue EUR 469 million

Passengers 2.49 million (-4.9%)

Cars 866,000 (-5%)

Freight 202,000 (-1.9%)

Brexit with its uncertainty and repeated delays are the main cause for the trend

Brittany Ferries

By | 2020 Newsletter week 12 | No Comments

Brittany Ferries has reshuffled its fleet and routes.

  • NORMANDIE (Portsmouth – Caen) will be taken out of service until 9 April at the earliest.
  • CONNEMARA (Portsmouth – Bilbao), MONT ST MICHEL (Portsmouth – Caen), CAP FINISTÈRE (UK – Spain) freight only.
  • Brittany Ferries will cease its weekly rotation connecting Roscoff in France with Rosslare in Ireland. KERRY will however continue two rotations per week, carrying freight between Rosslare and Bilbao.
  • ETRETAT (Portsmouth – Le Havre) has been taken out of service on 17 March. Laid up Le Havre.
  • Following her dry-dock in Poland, PONT-AVEN did not return to service as planned. She’s laid up in Le Havre until at least 9 April 2020.
  • Ro-Ro PELICAN, linking Bilbao with Poole will take only unaccompanied trailers.

Additional measures:

  • Passengers and freight drivers will be asked to remain in their cabins. Cabins will be open to all travellers.
  • Sales and catering facilities will be closed on board. Passenger movements will be restricted and meals will be taken in cabins. Customers will be informed by SMS that they will have to stay in their cabins and that the on-board shops will be closed.
  • Passengers will be asked to bring their own food and drink on board. This is to protect everyone on board – including Brittany Ferries crews who are working hard to maintain services for as long as possible.
  • All passengers are advised that they must travel only if it is essential to do so. Furthermore British passengers travelling to Spain are advised that they must take evidence of a permanent address in Spain, or they will be stopped after arrival by the authorities.

Brittany Ferries employs French crew. The company said it had to prepare for the non-availability of crew members because of illness or the need to take care of relatives at home.

Christophe Mathieu, CEO Brittany Ferries, Announces Completion of Condor Ferries Deal

By | 2020 Newsletter week 11 | No Comments

Brittany Ferries is now officially the part-owner of Condor Ferries. The deal, announced last year, had been subject to scrutiny by competition authorities. But following their green light at the end of January, and work to complete the transition in February, the sale has now been finalised.

“This is excellent news for Brittany Ferries, our new partners and for Condor Ferries,” said Christophe Mathieu, CEO Brittany Ferries. “We are committed to working closely in the months and years to come to ensure the best level of service to customers and support to our friends and colleagues in the Channel Islands. This will be business as usual for Condor, but within a new ownership structure.”

Brittany Ferries is the minority shareholder in the company. Last November, Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) and Brittany Ferries reached an agreement with Macquarie Infrastructure and Real Assets (“MIRA”) for the acquisition of 100 percent of Condor Ferries

Condor Ferries is an operator of lifeline freight and passenger ferry services. Each year, Condor Ferries carries approximately 1 million passengers, 200,000 passenger vehicles, and over 900,000 freight lane meters between Guernsey, Jersey, the United Kingdom, and the Port of St Malo in France.

Brittany Ferries Started Service from Rosslare to Bilbao

By | 2020 Newsletter week 10 | No Comments

As planned, ropax KERRY set sail for the first time from Rosslare to Bilbao on 28 February.

There will be 2 weekly roundtrips between Rosslare-Bilbao throughout the year, and an additional crossing between Rosslare-Roscoff during high season.

Rosslare-Bilbao replaces Cork-Santander as key freight route to Europe. The change is in response to demand from Irish and continental hauliers.

Brittany Ferries will still use Cork for its passenger service to Roscoff, France. Cruise-ferry PONT-AVEN will serve this route.

Brittany Ferries and Ports de Normandie Launch Ambitious Rail Project

By | 2020 Newsletter week 8 | No Comments

Brittany Ferries is going to become a rail operator too. The idea is to launch a freight train connecting Bayonne, close to the Spanish border, and Cherbourg. From there on, freight can be transferred to ferries, bound for Ireland or the UK.

Brittany Ferries has several strategic reasons:

  • Enhancing productivity by reducing the number of semi-tractors, creating more space for the trailer and thus augmenting the percentage of non-accompanied freight.
  • Anticipating emission regulations by offering a service with a better environmental performance.
  • Consolidation of its market position on the long routes to Spain and the British Isles.

Ports de Normandie has an ambitious strategy too:

  • Making the ports ready for larger ferries
  • Increasing its hinterland.
  • Giving logistic answers to Brexit
  • Creating multimodal services, as an alternative for or complimentary to road tarnsport
  • Helping to make transport greener.

Brittany Ferries will finance the new rail terminal in Bayonne and a fleet of LOHR railway wagons. The LOHR railway wagon has been lowered and articulated and as a result allows for fast and safe transfer of semitrailers.

Brittany Ferries Inaugurates New Building in Saint-Malo

By | 2020 Newsletter week 7 | No Comments

In Saint-Malo, Brittany Ferries has moved its offices from ‘Gare Maritime de la Bourse’ (ferry terminal) to Parc Atalante, some 7km south.

New offices have been built, with a surface of almost 1,000m2.

The building includes a training center:

  • Education of crew for the use of LNG
  • Education for certain jobs, such as security officer
  • New firefighting techniques
  • HR

‘Brittany Ferries Atalante’ has been officially opened on 7 February. Present were, amongst others, Jean-Yves Le Drian, minister of European and Foreign Affairs, and Amélie de Montchalin, his secretary of state.

IN THE MEDIA

By | 2020 Newsletter week 7 | No Comments

Cyprus-Greece Passenger Ferry Still a Long Way to Go

The government’s proposal to re-establish a long-defunct car and passenger ferry service to Greece from Cyprus by the summer of 2020 is being implemented step by step, but there is still a long way to go, Phileleftheros reports citing insiders.