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Oct 05
0

Minoan Lines H1 results affected by higher bunker prices

By | 2017 Newsletter week 40 | No Comments

During H1, Minoan Lines S.A. continues to improve its financial performance. Its turnover at the consolidated level was shaped at € 36.1 million (€ 72.4), while operating profits (EBITDA) stood at € 9.6 million (€ 20.8). Moreover, Net profits after taxes shaped at € 1.6 million (€ 12.2).
The financial results of the period have been aggravated by the significant increase of fuel prices and contributed to the increase of operating expenses.
Minoan retains its leading position on the domestic Heraklion-Piraeus line:
Passengers 272,000 / Cars 33,000 / Freight units 29,000.
Market shares: 66.3% (passengers), 62.9% (cars), and 46.3% (freight).

Photo © Mike Louagie

Financial statement
Oct 05
0

Increased traffic volumes in all revenue categories for Attica Group

By | 2017 Newsletter week 40 | No Comments

On Friday September 29, Attica Group (Blue Star Ferries, Superfast Ferries) published its half-year results.

  • • During H1, Attica Group saw an increase in traffic volumes in all categories: Passengers +5.4% / Cars +9.9% / Freight +2.3% / Sailings +4.3%
  • Adriatic routes (Patras-Igoumenitsa-Ancona and Patras-Igoumenitsa-Bari (in joint service with ANEK): Passengers +16.8% / Cars +14.2% / Freight +3.5% / Sailings + 2.1%
  • Greek domestic routes (Piraeus-Cyclades, Piraeus-Dodekanese, Piraeus-  Crete (with ANEK), and Piraeus-Chios-Mytilene): Passengers +4.3% / Cars +9.2% / Freight +1.7% / Sailings +4.8%
  • Consolidated Revenue: EUR 112.04m (EUR 109.63m)
  • EBITDA: EUR 7.07m (EUR 21.66m)
  •  Consolidated losses after tax: EUR 22.26m (EUR 2.20m)
  •  Increase of bunker prices influenced Group’s results by over EUR 15m.

Other highlights:

  • On August 11, Attica acquired 50.30% of the share capital of Hellenic Seaways Maritime S.A.
  • On August 30, BLUE STAR PATMOS suffered grounding on shallow waters while approaching Ios. The impact is estimated to be limited due to the upcoming low season. The incident is fully covered by the existing insurance, and the vessel is actually being repaired at Elefsina shipyard.

Photo © Mike Louagie

Link to article
Sep 01
0

New record for Port of Ystad

By | 2017 Newsletter week 35 | No Comments

During H1, Ystad Hamn AB once again achieved new record levels, with a marked increase in freight, passenger cars and passengers.

The large increase in passenger numbers is derived from both Poland and Bornholm traffic, while the increase of goods mainly relates to the Polish traffic.

If the volume increases continue in the same way during the rest of 2017, port operations will once again hit year-on-year records.

The port is preparing to receive another vessel in Polish traffic this autumn, when Polferries’ will add a third vessel, the CRACOVIA.

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