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Tag: Marine Atlantic | Ferry Shipping News

Nov 28
3

ICG Reports 10% Revenue Growth Driven by Freight and Container Volumes

By | 2025 Newsletter week 48 | No Comments

Irish Continental Group (ICG) recorded strong revenue growth in the first ten months of 2025, supported by higher freight and container volumes, despite weaker car carryings. Consolidated Group revenue rose to €573.0 million, up 10% year-on-year (2024: €521.0 million).

Volumes: Freight Up, Cars Down

For the year to 22 November, Irish Ferries carried 624,300 cars, a decline of 4.8% compared with 2024. RoRo freight increased 4.9% to 735,200 units. Container traffic under Eucon continued its strong growth trend, rising 16.6% to 338,100 TEU, while terminal lifts in Dublin and Belfast increased 5.8% to 324,800 units.

Divisional Performance

The Ferries Division reported €399.5 million in revenue to 31 October, up 6.3% on last year. Total revenues included customer surcharges related to fuel and EU ETS costs.

The Container and Terminal Division grew even faster, with revenues of €199.1 million, an increase of 16.2%.

Higher Net Debt After Fleet Investment

Net debt rose following fleet and asset acquisitions, including the JAMES JOYCE cruise ferry and an additional container vessel. Pre-IFRS 16 net debt reached €119.8 million, compared to €56.6 million at year-end 2024. On an IFRS basis, net debt increased to €242.3 million (2024: €162.2 million).

Source: ICG – Trading Statement 26 November 2025

Nov 28
3

Marine Atlantic Posts Stable Costs but Lower Revenues in 2024/25

By | 2025 Newsletter week 48 | No Comments
  • Revenues reached $125.2 million, down $12.1 million from last year but $5.3 million above budget. Lower passenger traffic, caused by the delayed Argentia service, offset stronger commercial volumes.
  • Expenses totalled $294.5 million, broadly in line with last year. Rising wages and benefits (+7.4%) were driven by added capacity, overtime, and staff shortages.
  • Materials, supplies and services fell by $4.4 million year-on-year due to last year’s cost of bringing ALA’SUINU into service, though costs remained above budget because of inflation and contracted services.
  • Repairs and maintenance were stable year-on-year but 11% above budget, reflecting inflationary pressure and additional work on the ageing fleet.
  • Insurance, rent and utilities saw slightly lower costs than last year, but higher than budget due to increased claims.
  • Administrative costs increased due to passenger compensation linked to ALA’SUINU’s mechanical issues and schedule disruptions.
  • Gains decreased by $6.2 milli

Noteworthy: Marine Atlantic is looking at the options for a new ferry (page 20). Another Eflexer?

Click on cover to read the report

Feb 09
1

Marine Atlantic Accepts Delivery of the Ala’suinu

By | 2024 Newsletter week 6 | No Comments

Marine Atlantic took delivery of its newest vessel, the Ala’suinu, on February 7th.

Over the next several days, preparations will be underway to prepare for the journey home. This Stena RoRo E-Flexer is projected to arrive at Marine Atlantic’s facilities in April.

The Ala’suinu (pronounced Ah-laa-sue-in-ou), is a name that means “Traveller” in Mi’kmaq. The eagerly awaited vessel further builds upon Marine Atlantic’s commitment to the environment by reducing carbon emissions using battery power to complement the vessel’s efficient engine design. The Ala’suinu will also introduce measures to decrease underwater noise, reducing the impact on marine life. The vessel incorporates the latest Canadian accessibility standards and provides customers with a variety of amenities such as 146 passenger cabins (including 31 pet friendly cabins), 40 passenger pods, a variety of food service options, seating lounges, a children’s play area, and a kennel for pets.

The vessel will primarily operate on the Argentia service this summer, connecting customers between Cape Breton and eastern Newfoundland, and operate between Port aux Basques and North Sydney during the fall, winter, and spring periods.

Source: Marine Atlantic

Jun 28
0

ATLANTIC VISION Charter Set To Be Extended Until November 2019

By | 2018 Newsletter week 26 | No Comments

Marine Atlantic, a Canadian Crown corporation, provides ferry services between the Island of Newfoundland and the Province of Nova Scotia. One of their ferries is the Tallink Grupp owned ATLANTIC VISION, which is on charter. The charter will be extended until November 2019. The company said it will continue to work with the Government of Canada regarding future fleet configuration.

Source: The Northern Pen