Tag

Tag: Hurtigruten | Ferry Shipping News

Dec 06
2

Charging Stations for the Ports on the Lavik-Oppedal Ferry Route

By | 2024 Newsletter week 49 | No Comments

Ferry operator Fjord1 has contracted Norwegian Electric Systems to deliver two onshore charging stations for use by the four autonomous, zero-emission ferries that will operate the Lavik-Oppedal crossing on the west coast of Norway.

One onshore charging station will be installed at the berth in Lavik and the other in Oppedal. Lavik-Oppedal is a 5.6-kilometre-long ferry route that crosses the Sognefjord, on the west coast of Norway. The ferries will be close to fully charged in approximately ten minutes while at port.

Dec 02
2

Hurtigruten Sold to Investors

By | 2024 Newsletter week 48 | No Comments

Hurtigruten has been acquired by a consortium of existing investors and has received approximately EUR 110m in new, long-term funding. The new setup provides a solid base for the future growth and continued development of Hurtigruten as Norway’s leading coastal cruise line.

  • The closing of this transaction will mark the completion of the process to separate Hurtigruten from HX (Hurtigruten Expeditions).
  • The transaction will significantly reduce outstanding debt of the Company and its parent group by over EUR 1bn, resulting in remaining debt of approximately EUR 400m, and extending the maturities to at least 2030.
  • Hurtigruten will continue as a standalone company, headquartered in Oslo.
  • Hurtigruten will own and operate its 10 ships under the Norwegian flag.

Source: Hurtigruten on MyNewsDesk

Photo: Agurtxane Concellon

Dec 18
1

IN THE MEDIA

By | 2020 Newsletter week 51 | No Comments

Four Operators Interested in Trasmediterranea?

There might be at least four players interested in Compania Trasmediterranea, the Spanish ferry company part of Armas Group. The latter is in advanced talks with lenders and bond holders for receiving fresh capital and also renegotiating the terms of the bond due to expire in the next few years.

According to the Spanish media Ok Diario two Italian groups and the local shipping players Balearia and Boluda have shown their interest in the restructuring plan which is being studied by some advisor and investment funds.

The two Italian potentially interested groups are likely to be Grimaldi Group and Grandi Navi Veloci.

Ok Diario also revealed that the property of two ferries previously controlled by Armas Group has been transferred earlier this year to a pair of Luxembourg-based purpose-built companies and are likely to be as guarantee for a needed fresh money injection. Other four ro-pax ships in fleet were also transferred to a new Canary island-based company called Armas Trasmediterranea Factoring Sl last June.

May 14
0

Hurtigruten Norwegian Coastal Voyages To Restart Gradually Mid-June

By | 2020 Newsletter week 20 | No Comments

Operations on the scheduled Bergen – Kirkenes – Bergen voyages will be suspended until June 15.

Hurtigruten is planning for a gradual restart of operations on the Norwegian coast. The first planned departure will be FINNMARKEN from Bergen on June 16.

Following June 16, the company will make decisions for each and every voyage individually.

In agreement with the Norwegian Ministry of Transport, Hurtigruten has deployed two ships in an amended domestic schedule. The newly upgraded RICHARD WITH and VESTERÅLEN is bringing critical supplies and goods to local Norwegian communities. This service will continue through June 15.

May 07
2

Hurtigruten Hit Hard by Crisis – Too Hard?

By | 2020 Newsletter week 19 | No Comments

Hurtigruten has laid off 3,000 employees, taken 14 out of 16 ships out of traffic and lost all passengers and revenue during the corona crisis.

The company asked for State aid, without success.

Hurtigruten’s CEO Daniel Skjeldam says that the State only wants to give loan guarantees to companies with a healthy credit score.

However, because of the corona crisis, Hurtigruten’s score has been lowered. Daniel Skjeldam says this is not right. “It is the credit score before the corona crisis that must be used.”

Source: E24