Namegiving ceremony FINNCANOPUS marks the completion of Grimaldi’s half-billion investment programme

By | 2024 Newsletter week 07 | No Comments

FINNCANOPUS, the second hybrid freight-passenger Superstar vessel of Finnlines, was christened in Naantali, marking the completion of Finnlines’ EUR 500-million Green Investment Programme.

Katariina Nurmi, representing DB Schenker, served as the vessel’s godmother, embodying Finnlines’ dedication to maintaining a dependable and efficient logistics network. This network not only supports the growth of freight customers but also strengthens Finnlines and its partners as they strive towards mutual success.

HSC FJORDLYN sold and bound for Middle-East for a new life

By | 2024 Newsletter week 03 | No Comments

The Italian shipbroker Ferrando & Massone announced to have intermediated the sale of the high-speed craft FJORDLYN built in 2009 by Oma Baatbyggeri AS shipyard in Norway.
The high-speed craft, sold by Danish interests, can transport some 150 passengers sailing a speed up to 30 knots.
“As from January, this HSC will find a new life in the Middle East where will be refitted and re-classified before entering into service for the new owner” Ferrando & Massone said.

Photo: Norled

Green light from Italy’s Antitrust authority to TDT Terminal takeover by Grimaldi

By | 2024 Newsletter week 03 | No Comments

The Grimaldi Group has received approval from Italy’s antitrust authority to acquire a 100% stake in Terminal Darsena Toscana from Gruppo Investimenti Portuali, a company controlled by the investment funds Infravia and Infracapital. The port authority of Livorno has also announced its intention to authorize the operation involving its primary ro-pax and container terminal.

Terminal Darsena Toscana is a RoPax and container terminal located in the port of Leghorn, covering an area of 389,000 square meters. It boasts an annual throughput capacity of 900,000 TEU, a quay length of 1,430 meters, and direct road and rail connections. Additionally, Sintermar Darsena Toscana, a 50-50 joint venture between Grimaldi and Gruppo Investimenti Portuali, falls under the same concession and is actively involved in the ro-pax handling business.

Emanuele Grimaldi, Chairman of the Grimaldi Group, has already clarified to Ferry Shipping News that Terminal Darsena Toscana will continue its operations as usual, maintaining its container and RoRo/RoPax handling activities.

There are market rumors suggesting that the Naples-based shipping group is also in negotiations to acquire another container terminal called Sech, which is controlled by Psa, at the port of Genoa.

Photo: Grimaldi Group

Grimaldi’s CRUISE SMERALDA to Adria Ferries?

By | 2023 Newsletter week 35 | No Comments

The 1997-built ro-pax ferry CRUISE SMERALDA seems to be close to become a ship part of the Ancona-based Adria ferries fleet.

Market rumours, not confirmed but neither denied by the interested parties, say that Grimaldi Group is to sell the vessel currently deployed for Finnlines on the Malmö – Travemünde link to the Italian company active on the routes from the ports of Ancona and Bari to Albania.

CRUISE SMERALDA = 1,500 passengers | 2,200 lane meters.

Adria Ferries recorded very positive financial results in 2022 (EUR 68 million of revenues and EUR 18 million of profit) and has been looking for further tonnage at least for the last 12 months.

Grimaldi: Two new state-of-the-art ro-ro ships on the Venice – Bari – Patras line

By | 2023 Newsletter week 34 | No Comments

With the new state-of-the-art ro-ro ships, ECO CATANIA and ECO MALTA, the Italian Grimaldi Group launched zero-emission-in-port vessels in Patras, Venice and Bari at the end of June 2023.

Each of the two ‘GG5G’ class ships can carry around 500 trailers and 180 cars (7,800 lane meters), which is twice as much as their predecessors.

Photo: Grimaldi Group

Grimaldi deploys “green giants” on the Venice – Bari – Patras route

By | 2023 Newsletter week 26 | No Comments

Since June 26, the regular ro-ro line operated by Grimaldi Group between Venice, Bari and Patras is covered by two of the GG5G-series ro-ro ships: ECO CATANIA and ECO MALTA.

These vessels can offer much higher capacity (7,800 linear metres of freight, equivalent to around 500 trailers and 180 cars and better performances) than the Eurocargo-class ships that they replaced on the line.

The ro-ro traffic flows in the port of Venice grew by over 11% in 2022 according to the statistics released by the local port authority, and this trend has continued also in the first half of 2023.

The doubling of the capacity of the new ships compared to those previously operating will lead to a further increase in ro-ro cargo capacity on the Venice – Greece link.

Grimaldi unique bidder for the maritime continuity on the Civitavecchia – Arbatax – Cagliari route

By | 2023 Newsletter week 21 | No Comments
  • Following a public tender launched by the Italian transport ministry earlier this year, Grimaldi Euromed, company controlled by Grimaldi Group, emerged as the only bidder and so is very likely to prolong the subsidised maritime link on the route Civitavecchia – Arbatax – Cagliari.
  • Deadline for submitting offers was 5 May 2023 and binding price stood at EUR 42.4 million.
  • Grimaldi offered EUR 26.9 million for the next cycle of maritime continuity between the Italian mainland and Sardinia set to last three years.
  • The ro-pax vessel to be deployed on the line will be most likely the ferry CORFU.

Grimaldi – Minoan – EKEV signed the acquisition of a majority stake in the share capital of the Igoumenitsa Port Authority

By | 2023 Newsletter week 12 | No Comments

On 21 March 2023, the joint venture established by the companies Grimaldi Euromed S.p.A., Minoan Lines S.A. and Investment Construction Commercial And Industrial S.A. (EKEV SA) signed an agreement with the Hellenic Republic Asset Development Fund (HRADF, the fund which manages the program of privatization of ports and other public assets in Greece and a member of GROWTHFUND – The National Fund of Greece) which provides for the purchase of a majority stake of 67% of the share capital of the Igoumenitsa Port Authority (IPA S.A.) for a total price of EUR 84.17 million.

The signature of the share purchase agreement takes place after the approval of the Court of Auditors, while the ratification of the concession agreement between the Greek State and IPA S.A. by the Greek Parliament is imminent.

The signing ceremony that took place at HRADF’s premises was attended, among others, by the Minister of Maritime Affairs and Insular Policy, Ioannis Plakiotakis, the Secretary General of Ports Port Policy and Maritime Investments, Evangelos Kyriazopoulos, the CEO of HRADF, Dimitris Politis, the President and Managing Director of Grimaldi Euromed S.p.A., Emanuele Grimaldi, the CEO of GROWTHFUND – The National Fund of Greece, Grigoris D. Dimitriadis, the Corporate Short Sea Commercial Director of the Grimaldi Group, Guido Grimaldi, the CEO of Minoan Lines, Loukas Sigalas, The Chairman and Managing Director of EKEV S.A., Athanasios Koulouris, the President and Managing Director of the Igoumenitsa Port Holding Company S.A., Paul Kyprianou, the CEO of IPA S.A., Athanasios Porfyris, the Member of Parliament for Thesprotia, Vasileios Giogiakas, the Mayor of Igoumenitsa, Ioannis Lolos and the Mayor of Filiates, Spyridon Pappas.

4th Grimaldi ship for Venice – Greece route

By | 2023 Newsletter week 11 | No Comments

Speaking at the Let Expo exhibition held in Verona, the Commercial Director of Grimaldi Euromed, Guido Grimaldi, announced that a fourth ro-ro ship has been deployed by the company on the maritime link offered between North Adriatic, Southern Italy and Greece.

More specifically, the ports of Venice, Bari and Patras are now linked with four ferries, offering six sailings per week.  Each ro-ro unit has a capacity to transport up to 250 trailers each.

A second ship on this line had been deployed by Grimaldi in 2016 and the third in 2021. Now it’s time for the fourth vessel.

Photo: Grimaldi Lines

Grimaldi to become ro-ro terminal operator in the port of Ravenna

By | 2023 Newsletter week 6 | No Comments

The port of Ravenna, in Italy, is to become one of the most important hubs for Grimaldi Group’s network in the Adriatic Sea.

The Naples-based shipping company is in advanced negotiations with the local port authority for setting up a new port terminal in Ravenna which is regularly called by Grimaldi’s ro-ro ship on the motorways of the seas to and from the other Italian ports of Brindisi and Catania.

Up to date the ro-ro traffic was and still is handled by a company called T. & C. – Traghetti e Crociere S.R.L and fully owned by the port authority but this company will stop acting as a terminal operator as soon as Grimaldi will be ready to operate with its in-house branch.

Last year the port of Ravenna’s total throughput of trailer handled was 80,595 (+6.4% compared with 2021) or 1,818,670 in terms of tons (+25.7%).