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Tag: Fjord1 | Ferry Shipping News

Dec 06
2

Fjord1 Has Been Awarded The Sogn Og Fjordane Contract

By | 2024 Newsletter week 49 | No Comments
  • Starts in November 2027.
  • 15-year agreement.
  • Ferry routes:
    • Måløy–Husevågøy–Oldeide
    • Isane–Stårheim
    • Askvoll–Fure–Værlandet
    • Rysjedalsvika–Rutledal–Krakhella
    • Option: Askvoll–Gjervik–Fure
  • As part of the contract, Fjord1 will implement significant environmental measures. The Stårheim–Isane and Måløy–Oldeide routes are slated for full electric operation, utilizing combustion engines only as a backup. The other routes will adopt partial electric operation.
  • The contract primarily maintains the existing schedule and capacity for the specified ferry routes.
  • The final contract signing is anticipated after the appeal deadline on December 13.

Source: https://www.fjord1.no/Aktuelt/Ny-kontrakt-tildelt-Fjord1

May 31
2

Brittany Ferries, Wärtsilä and Incat partner on zero-emissions ferry project

By | 2024 Newsletter week 22 | No Comments

Brittany Ferries, Wärtsilä, and Incat have partnered to develop a 137m zero-emissions ferry, leveraging their combined expertise. This project aims to explore design and technical requirements for electric ferries, focusing on short routes as a potential path to net-zero emissions by 2050. The collaboration follows Brittany Ferries’ investment in LNG-powered and hybrid vessels. This initiative underscores the companies’ commitment to sustainable maritime transport and decarbonization, with Brittany Ferries’ CEO highlighting the importance of trusted partners in achieving these goals.

For more details, you can visit the full article on Brittany Ferries’ newsroom.

May 31
2

Fjord1 awards Norwegian Electric Systems autonomous navigation scope

By | 2024 Newsletter week 22 | No Comments

Fjord1 has contracted Norwegian Electric Systems (NES) to develop systems for automation of vessel functions and autonomous navigation for the four autonomous, zero-emission ferries that will operate the Lavik-Oppedal crossing on the northwest coast of Norway.

The ferry crossing takes 20 minutes, and the route is 5.6 kilometres long.

In close collaboration with Fjord1, NES will develop and deliver the systems for automation of vessel functions and autonomous navigation, including autocrossing and autodocking, that will replace some manual operations on board.

The four newbuild zero emission ferries will operate the route from 1 September 2026 onwards. Complete implementation of automation functions and autonomous systems, including autocrossing and autodocking, will happen from January 2027, while autonomous navigation will be implemented in 2028.

Read more: Norwegian Electric Systems

Feb 02
1

SUNNYLVSFJORD delivered to Fjord1

By | 2024 Newsletter week 05 | No Comments

On 28 January Fjord1 took delivery of their latest newbuild from the Tersan Shipyard in Turkey, MF SUNNYLVSFJORD. The ferry can carry 248 passengers and 80 cars or 6 trucks and was designed by HavDesign. The ferry will be used on the Stranda – Liabygda, route.

Depending on the weather conditions on her delivery voyage, SUNNYLVSFJORD will arrive in Norway in three to four weeks.  A sistership from Tersan is due to follow soon, NORDDALSFJORD.  That vessel will see service on the Eidsdal – Linge route.

Photo: Fjord1

Jan 12
0

Fjord1 and the Norwegian Public Roads Administration have signed a contract for the operation of the national road ferry connection E39 Lavik-Oppedal.

By | 2024 Newsletter week 02 | No Comments

Fjord1 will operate the Lavik-Oppedal connection with four vessels from 2026 to 2034 (with the possibility of extension for up to three years).

Lavik – Oppedal is the ninth largest ferry connection in the country with 1.2 million car units in 2022.

The contract involves the development of fully automated solutions for all four ferries from 2027 onwards. The contract describes 23 different functions to be automated, and the sum of these functions means that the ferries will carry out route production by themselves. In addition, a control centre must be established on land, for monitoring and the possibility of remote control of the ferries.

Photo: Managing Director Fjord1, Dagfinn Neteland and director of ferries in the Norwegian Public Roads Administration, Dag Hole. Photo: Fjord1

Nov 03
0

DIF Capital Partners and EDF Invest to acquire Fjord1 from Vision Ridge Partners and Havila Holding

By | 2023 Newsletter week 44 | No Comments

Q3, 2023

  • 1,067,212 passengers = +16%
  • 44,795 cargo units = +16%
  • Sales EUR 69.4 million = +17%
  • Operating result (EBIT) totalled 14.0 million EUR (9.5 million EUR), maintaining levels consistent with the best third-quarter operating results ever achieved.
  • Result was 9.9 million EUR (5.2 million EUR), a historically favourable outcome for Q3.

First 9 months, 2023

  • 2,483,599 passengers = +24%
  • 131,558 cargo units = +10%
  • Sales EUR 171.5 million = +23%
  • Operating result totalled EUR 25.5 million EUR (5.0 million EUR), representing the best performance for January-September ever recorded.
  • Result was 11.2 million EUR (1.0 million EUR), which is among the best result for January-September ever.

Some key elements

  • Record-breaking volumes on all routes
  • Robust performance across all serviced routes
  • Escalating bunker prices
  • A weakening Swedish Krona

Outlook

The fourth quarter commenced with volumes surpassing pre-pandemic levels. The continued high bunker prices, relatively elevated inflation, and the volatile Swedish krona continue to create uncertainty. Nevertheless, despite these factors of uncertainty, the company anticipates delivering a full-year result that is in line with its best years prior to the pandemic.

Photo: Ilves Valta

Source: Rederiabeckero.ax
Nov 03
0

DIF Capital Partners and EDF Invest to acquire Fjord1 from Vision Ridge Partners and Havila Holding

By | 2023 Newsletter week 44 | No Comments

DIF Capital Partners (via its DIF Infrastructure VII fund), and EDF Invest (the investment arm of the EDF Group in real assets) have entered into a definitive agreement to acquire Fjord1 AS, the largest owner and operator of ferries in Norway.

The company will be acquired from Vision Ridge Partners, a global sustainable real assets investor, and Havila Holding, an investment company owned by the Sævik family in Norway.

Vision Ridge and Havila Holding have been investors in Fjord1 since 2019 and 2011, respectively. Terms of the transaction were not disclosed.

Following the close of the transaction, which is expected in early 2024, Fjord1 will continue to be led by CEO Dagfinn Neteland, supported by his current team of over 1,000 employees.

Under Vision Ridge’s and Havila Holding’s ownership, the proportion of vessels within Fjord1’s fleet that operate on electricity has increased by over 50%. As a result, Fjord1’s operating fleet today is approximately 60% electric – the highest proportion in Norway –  and comprises approximately half of all electric ferries currently operating in Norway, serving 44 routes across 16 contracts in the Norwegian market.

Photo: FRAM

Dec 02
0

Fjord1 starts testing electric ferries across the Tysfjord

By | 2022 Newsletter week 48 | No Comments

Fjord1 took over the operation of the national road ferries across the Tysfjord in Nordland today (1 December 2022), and will soon have the world’s longest electric ferry connection.

The new ferry contract between the Statens Vegvesen and Fjord1 covers both national road 827 between Drag and Kjøpsvik and E6 between Bognes and Skarberget.

The contract runs until 2032.

According to the contract, all the ordinary ferries across the Tysfjord must be operated with electricity. Now starts the test period between Drag and Kjøpsvik, which hosts the country’s – and the world’s – longest electric ferry connection.

Fjord1 put in three vessels, which have been rebuilt to be suitable for electric ferry operation.

Ferries LOTE and GLUTRA are already in place on the E6 between Bognes and Skarberget. However, the ferry quays are not adapted to electric operation yet, due to delays in the delivery of a new power line to Bognes. The ferry quays must be fully rebuilt and ready for electric operation by the autumn.

Thus, FANNEFJORD will be the first to launch electric operation across the Tysfjord when the vessel is completed in the new year. With a crossing of 14.8 kilometres, this is the world’s longest electric ferry connection.

In the meantime, the reserve ferry SULAFJORD will take the traffic between Drag and Kjøpsvik.

Nov 25
4

Fjord1 expects continued strong demand for its services

By | 2021 Newsletter week 47 | No Comments

Fjord1’s first nine months and third quarter 2021: Safe and stable operations

Q3

  • -4% Revenue, NOK 758 million. The reduction is attributable mainly to the phasing out of the Molde-Vestnes ferry contract.
  • -18% EBITDA, NOK 276 million
  • The EBITDA margin decline to 36% from 43% mainly reflects higher fuel costs and higher maintenance cost than in same quarter last year.
  • Investments amounted to NOK 289 million, mainly for purchase of a new vessel.

First nine months

  • -5.9% Revenue NOK 2,157 million
  • -14.5% EBITDA NOK 663 million
  • EBITDA-margin of 31% (34)
  • Investments were NOK 531 million for the first nine months, which represented 60% reduction from the same period in 2020, when investments in the newbuilding and electrification programme peaked.
  • Net interest-bearing debt (NIBD) stood at NOK 5,274 million as per 30 September. The company has lower investment commitments going forward and will use operating cash flows, proceeds from infrastructure sales, and NOx compensation for electric vessels to continue to reduce debt.

Outlook

Fjord1 is confident that there will continue to be a strong demand for safe, environmentally friendly, and reliable transport in coastal regions in the future. Fjord1 assesses new tender opportunities in the Norwegian market on an ongoing basis, as well as opportunities outside of Norway.

Fjord1’s strong contract portfolio is worth NOK 21.8 billion through 2034, excluding options and index regulation, which offers a solid platform for profitable growth.

The company had net interest bearing debt of NOK 5.3 billion at the end of September 2021, down from NOK 5.8 billion at the end of September 2020. The company plans for a lower investment level going forward and expects the main part of the cash flow from operating activities and proceeds from the sale of infrastructure assets to be used to reduce interest-bearing debt further.

Click on the cover, access the download page of Fjord1, and download the report

Aug 19
4

Westcon Yards Wins Fjord1 Contract

By | 2021 Newsletter week 33 | No Comments
  • Cargo handling increased by 8.25 % in H1
  • Of the 100,000 trucks and trailers handled, more than half were unaccompanied for the first time.
  • The largest increases were recorded on the routes to Gothenburg and to Klaipeda. In total, 3.66 million tonnes of freight were handled in Kiel in the first half of the year.
  • The strongest part the Ostuferhafen with the forest products and logistics centre. (DFDS: 9 departures / week).
  • Restart in June of Kiel – Oslo route by Color Line.