Stena AB has experienced a positive Q1 for the ferry division, and for the shipping division.
Ferry operations: EBITDA, excluding net gain on sale of assets, increased compared to last year due to continued positive volumes for cars (+7%), passengers (+6%) and freight (+3%).
Shipping: strong contract coverage and utilisation rate across the ro-ro fleet.
Cruise ferry STAVANGERFJORD was redelivered to Fjord Line on Wednesday December 13 at 09:00, three hours before contract time, says Fosen.
The ship’s interior has been upgraded to almost yacht-like standards. Cabin and suite capacities have been increased on the top deck and a new winter garden restaurant was created aft.
The job was executed in six weeks as planned and the ferry will be ready to enter service from Bergen on December 14.
Photo: Winter Garden, Johan Engvik
With the Q2 report, Fjord Line confirmed the year-on-year growth trend.
The company increased revenues with 30% and EBITDA with 112%.
Passenger volumes were up by 13% and freight volumes up by 25%.
The routes Hirtshals (Denmark) – Langesund (Norway, southeast of Oslo) and Sandefjord (Norway) – Strømstad (Sweden) were responsible for a significant increase in freight volumes (respectively 37% and 39%). The same routes also saw an increase in passengers per crossing.
In Q2 the high-speed vessel FJORD CAT suffered some technical issues, with 3 weeks of cancellations. Result: the growth on the Hirtshals – Kristiansand route did not materialize.
