FERRY FINANCE

By | 2020 Newsletter week 28 | No Comments

Eckerö Group Shuts Down Birka Cruises

Victim of the pandemic, Eckerö Group has decided to close its subsidiary Birka Cruises Ab.

The Group sees no opportunity to start a profitable traffic again, according to CEO Björn Blomqvist in local media.

The company has operated on the Mariehamn-Stockholm line for 49 years.

Eckerö Group: strong freight figures in H1 in year with uncertainties

By | 2017 Newsletter week 34 | No Comments

Eckerö Group’s published its half-year results. The company operates two ro-pax ferries, one vessel for short cruises, and charters out two ro-ro ships.

The number of passengers decreased 1% but freight increased significantly with 22%. However, a weaker SEK value had a negative impact on earnings, and bunker prices have increased.
Eckerö’s operating profit for H1 was EUR 0.7 million (EUR 5.3 Million 2016 H1). Much is expected from H2.