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Tag: Irish Continental Group Plc | Ferry Shipping News

Mar 06
0

MSC Acquires Toll Shipping’s VICTORIAN RELIANCE

By | 2020 Newsletter week 10 | No Comments

A company belonging to Mediterranean Shipping Company bought the 1999-built roro VICTORIAN RELIANCE. The ship is already flying the Portuguese flag (Madeira) and will be renamed JOLLY BLUE.

The name indicates she will be chartered by Ignazio Messina who already operates the sister vessel JOLLY EXPRESS on the Rades (Tunis) – Gioia Tauro (Italy) – Naples (Italy) route.

The roro vessel is on her way to Singapore.

ICG Presentation
Mar 06
0

FERRY FINANCE AND STATISTICS

By | 2020 Newsletter week 10 | No Comments

Irish Continental Group plc: Preliminary Statement of Full Year Results

ICG reports a solid financial performance for the year ended 31 December 2019.

Irish Continental Group

+8.2% Revenue

+26.9% EBITDA (pre non-trading items)

+8.2% EBIT (including non-trading items)

  • EBITDA increase of €18.4 million principally due to improved schedule integrity, the introduction of the W.B. YEATS and the implementation of IFRS16.
  • Revenue increased €27.2 million (8.2%) to €357.4 million.
  • B. YEATS cruise ferry delivered in December 2018 and entered service in January 2019.
  • In April 2019, the group entered into a bareboat hire purchase agreement for the sale of the OSCAR WILDE to MSC Mediterranean Shipping Company SA, for a total gross consideration of €28.9 million to be paid in instalments over 6 years. The profit in 2019 from this sale was €14.9 million.
  • Second new cruise ferry investment of €165.2 million ordered in 2018. Contracted for delivery in 2020.

 

Ferries Division

  • +8.3% Revenue
  • +1.8% Operating costs
  • +25.3% EBITDA
  • +7.1% Operating profit
  • +10.4% roro units
  • +2.6% passengers
  • +2.2% car
Dec 13
0

Cruise Ferry W.B.YEATS Delivered To Irish Continental Group Plc

By | 2018 Newsletter week 50 | No Comments

Irish Continental Group announced on Wednesday 12 December that the cruise ferry W.B.YEATS was delivered at Flensburg.

The ferry was built by Flensburger Schiffbau-Gesselschaft & Co.KG at a contract price of €144 million.

She will accommodate 1,800 passengers, offering 440 spacious cabins including luxury suites. Deck space can accommodate 2,800 lane metres of freight (165 freight vehicles) plus an additional dedicated car deck with capacity for 300 passenger cars.

The W.B.YEATS will now undergo commissioning with Irish Ferries and is expected to commence services initially on the Dublin to Holyhead route in early January 2019 before switching to Dublin to France route in March 2019.