On June 28, 2021, Godby Shipping AB delivered -at the port of Piraeus- the RoRo BALTICA to the Cypriot-based Salamis Lines. The ship was purchased in May 2021 and will join her close sisters ALEXO and AKRITAS that currently serve the international Cyprus-Greece line.
The Godby Shipping Newsletter gives some interesting insights:
- The roro market reached its peak end 2018 – beginning 2019 and then gradually declined during 2020 and early 2021.
- On the demand side there was a combination of uncertainty regarding Brexit, a trade conflict between USA and China and early signs of a general economical downturn.
- On the supply side there was pressure coming from the relatively large orderbook for roros.
- The roro market is a lot better than a year ago but some of the contracts will lock in low or very low rates at least until end 2021.
- Profitability will therefore be affected by the spring 2020 market collapse for years to come.
- Godby thinks that the roro market will be relatively weak – but hopefully rising – during the whole year 2021 and probably also 2022.
- BALTICA: Sea-Cargo did not declare the optional periods. Instead, chartered to TransProCon for military shipments on the Mediterranean Sea for the period May – June. (afterwards sold to Salamis – see below)
- MISTRAL contract with Smyril has been extended until September 2021 with options for to extend until December 2022
- BALTIC BRIGHT: charter contract with Holmen
- LINK STAR UPM-Kymmene until May 2021
- MIDAS Accordia Shipping until December 2021
- MIMER CMA CGM December 2021
- MISANA and MISIDA Sea-Cargo December 2021 + options
In its own magazine (Flaskposten), Godby Shipping says that the rates reflect the market situation and are low or very low.
- BALTICA: Sea-Cargo, January – April 2021 + options
- MISANA and MISIDA: Sea-Cargo, until December 2021 + options
- LINK STAR: UPM-Kymmene, until December 2020
- MISTRAL: Smyril, until March 2021 + option until December
- MIDAS: Accordia Shipping, until December 2021
- MIMER: CMA CGM, until December 2021
The chartering situation of the Godby Shipping Fleet is as follows
- BALTICA unemployed in Mariehamn
- MIDAS Wagenborg liner traffic Riga-Oxelösund until September 2020
- MISTRAL t/c to Smyril until October 2020 + options
- LINK STAR t/c to UPM-Kymmene until December 2020
- MIMER t/c to CMA CGM December 2021
- MISANA t/c Sea-Cargo December 2021 + options
- MISIDA t/c to P&O until October and thereafter t/c to Sea-Cargo until December 2021 + options
Naviera Armas Trasmediterránea will reactivate the Ceuta – Algeciras – Ceuta line starting June 22
After the virus-forced suspension, Naviera Armas Trasmediterránea will restart the route to the Spanish Autonomous City of Ceuta with high-speed ropax catamaran CIUDAD DE CEUTA.
Godby Shipping: Newbuilding Project Delayed
In a message on its social media, Godby Shipping says that, “global lockdown has made the demand for roro vessels almost disappear.”
“At present only MIMER and LINK STAR are trading and it remains uncertain when and how all vessels will be back in traffic.”
“Before the downturn the office was manned to handle at least seven vessels and the first stage of a newbuilding project. The newbuilding project is now at least 2-3 years into the future and the focus is to survive.”
As from July 10, several of the office staff will leave the company.
Mariehamn-based ro-ro company Godby Shipping has announced that an agreement to sell one of their eight vessels, the MIRANDA, has been signed.
Delivery will take place in January 2018. MIRANDA and MISANA Miranda (1999) are currently time chartered to Stena RoRo but relet to Transfennica and used in their liner service on the Baltic Sea and North Sea.
Eva Mikkola Karlström told the magazine Sjöfartstidningen that Godby Shipping’s goal is to build two new vessels, probably in China, and tailor-made for a specific customer.
Photo: Godby Shipping / Pär-Henrik-Sjöström