Tag: Capital Markets Day | Ferry Shipping News

 P&O Ferries will increase capacity on its London/Tilbury – Rotterdam/Europoort route starting 2 March 2025.

Following the successful launch of the route in 2024, a second vessel will be added while maintaining 12 sailings per week, with daily departures from both Tilbury and Europoort.

RoRo ships NORSKY and NORSTREAM will operate on the route, increasing capacity by up to 60%.

Zeebrugge will not lose any ships, as NORSKY and NORSTREAM will operate on a butterfly schedule, continuing to serve both the Tilbury–Europoort and Zeebrugge routes. They offer greater capacity than NORBANK, which will be redeployed to the Zeebrugge–Teesport service.

In connection with the presentation for the Capital Markets Day held by Attica Holdings S.A. on February 3, 2025, Attica posted a corporate presentation on its website, at the following link: https://www.attica-group.com/Press Releases & Announcements.

Two pages caught our special attention:

Fuel and Emission Cost Savings Initiatives (Slide 50)

• Scrubber Installation
  • SOx emission control devices installed on main and auxiliary engines.
  • Additional installation planned on 2 vessels, bringing the total to 10 vessels.
  • 80% funded through the Recovery and Resilience Facility (RRF) for green investments.
  • Expected cost savings through the use of high-sulphur fuel oil (HSFO).
  • Compliance with IMO regulations on sulphur emissions (effective May 2025).
  • Estimated fuel consumption reduction: 3.9k metric tonnes.
  • Reduction in environmental footprint by 3% to 5%.
• Energy-Saving Devices
  • Implementations include:
    • Silicone anti-fouling paints.
    • LED lighting systems.
    • Solar panels.
    • Propeller optimisations.
    • Onshore power supply integration.
  • Expected reduction in fuel costs.
  • Contribution to Attica’s ESG targets.
• Financial Impact
  • Total remaining investment: €35 million.
  • Estimated EBITDA impact:
    • Scrubber installation: €7–8 million.
    • Energy-saving devices: €1–2 million.
  • Cost savings will be fully realised by 2026​.

Newbuilds and Fleet Optimisation (Slide 51)

• Adriatic Vessels
  • Two new Ro-Pax newbuildings to be deployed in the Adriatic.
  • Signed bareboat agreement, with purchase option in 2032.
  • Delivery expected in 2027.
  • Designed to replace three existing vessels while maintaining freight capacity.
  • Expected economies of scale and energy savings.
  • Estimated vessel sale proceeds in 2027: €8 million.
• AERO Vessels
  • Two vessels with 400-passenger capacity.
  • One compact vessel with a 250-passenger capacity.
  • Designed to replace high-speed vessels to reduce fuel consumption and maintenance costs.
  • Homogenisation of product offerings in the Argo-Saronic route.
• Compact Dual-Fuel Ro-Pax Vessel
  • Capacity: 1,500 passengers, 270 beds, and 825 lane metres.
  • Fleet renewal and replacement of older vessels.
  • Expected vessel sale proceeds in 2028: €37 million.
• Financial Impact
  • Remaining investment:
    • Adriatic vessels: €375 million.
    • AERO vessels: €50 million.
    • Compact vessel: €90 million.
  • EBITDA impact:
    • Adriatic vessels: €35–40 million.
    • AERO vessels: €5–6 million.
    • Compact vessel: €7–8 million​.