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Tag: Fast Ferry | Ferry Shipping News

Feb 24
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Gotlandsbolaget to dispose of fast ferry

By | 2023 Newsletter week 8 | No Comments

Gotlandsbolaget has announced that they will sell or charter the high-speed monohull GOTLANDIA II.

Gotlandsbolaget subsidiary Destination Gotland has returned the vessel to the parent company following a decision not to offer a seasonal service to Västervik.  The company’s Visby services will be maintained by the modern fast ro-paxes VISBY, GOTLAND and DROTTEN.

GOTLANDIA II was built by Fincantieri in 2006 and can carry 900 passengers and 160 cars.

The company also owns the ro-pax VISBORG, currently on charter to DFDS, and another high-speed monohull, GOTLANDIA.  It is understood that the company is also in the process of disposing of the latter fast craft, dating from 1999.

Gotlandsbolaget has an ongoing research project, named Horizon, to introduce climate neutral vessels, including a hydrogen powered catamaran.

Image: Gotlandsbolaget

Nov 03
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Baleària renews its trust in Armon with the construction of a second improved unit of the innovative fast ferry ELEANOR ROOSEVELT

By | 2022 Newsletter week 44 | No Comments
  • The new fast ferry will have dual gas engines with greater power and efficiency, which renews the shipping company’s commitment to this green energy as a transition fuel.
  • The ship will have the same dimensions as its sister ship.
  • It will optimize its speed and hold capacity, as well as add a deck for passengers and expand the terrace.
Jul 11
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FERRY FINANCE & FIGURES

By | 2019 Newsletter week 28 | No Comments

Tallink Grupp Has Signed The Loan Agreement For The New LNG Powered Fast Ferry

AS Tallink Grupp’s subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed the loan agreement in the amount of EUR 197,6 million to finance the new EUR 247 million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy.

The loan is arranged and long-term financing is provided by KfW IPEX-Bank GmbH. Finnish Export Credit Agency “Finnvera” guarantees 95% of this post-delivery buyer credit.

The loan is secured by the mortgage on the new vessel and the corporate guarantee of AS Tallink Grupp. This OECD-term export credit loan will be drawn on the delivery of the vessel, presumably in the beginning of 2022 and has the final maturity of twelve years from the drawdown.