IN THE MEDIA

By | 2018 Newsletter Week 12&13 | No Comments

Italian Anti-trust authority says two ferry companies hindered competition

Italian Anti-Trust Authority has fined two Onorato Group companies, Moby and Tirrenia, for abusing their dominant position in Sardinia, writes Infomarine.net.
The investigation followed a complaint filed by Trans-Isole, Grimaldi, Grendi and Lucianu.

Deltamarin For DFDS, OSK For MSC/Moby

By | 2018 Newsletter week 10 | No Comments

Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries.

DFDS originally signed a contract with OSK-ShipTech for the development of the outline concepts and tender documents, for both the ro-ro vessels now contracted at Jinling, and the ro-pax vessels contracted at GSI.

When MSC/GNV/Moby decided to order ferries at GSI too, DFDS said it wanted to prefer to have an advisor not involved in both projects.

The shipbuilding contract for two ro-pax ferries was signed on February 12 between DFDS and GSI. Both ro-pax ships are planned to be delivered in 2021.

The 4,500 lane metres, 600-pax ships will be deployed on one of the Baltic routes connecting Lithuania to either Sweden or Germany.

MSC & Moby sign a contract for 4+2+2 cruise ferries to be built in China

By | 2018 Newsletter Week 07 | No Comments

MSC Group and Onorato Armatori signed a contract with Guangzhou Shipyard International Co., Ltd (GSI) and China Shipbuilding Trading Co., Ltd (CSTC) for 4 large ro-pax ferries, with an option for another two + two.

GNV, an MSC Group company, will receive the delivery of the first and third vessel.
Onorato Armatori (Moby, Tirrenia..) will receive the second and fourth.
Additionally, the two companies will hold options for an additional two vessels each. The first vessel will come into service in 2020.

What do we know about these ferries?

  • Ro-pax ferry described by the companies as cruise ferry.
  • Passenger capacity of 2,500, with 534 cabins available.
  • Lane meter capacity of 3,765. (in combination with pax capacity quite impressive)
  • LNG-ready engines.
  • Designed by OSK-Shiptech.
  • First ready end of 2020.

Photo MSC Group

The official signing ceremony, which took place on February 11 at CSSC headquarters in Beijing, was attended by Mr Dong Qiang, chairman of CSSC, Mr Pierfrancesco Vago on behalf of MSC Group, Mr Achille Onorato of Onorato Armatori and ship owner, Mr Matteo Catani, CEO of GNV, Mr Han Guangde, chairman of GSI, as well as Mr LI Hongtao, general manager of CSTC.

 

Moby’s chief financial officer to resign before the approval of the interim report 

By | 2017 Newsletter week 39 | No Comments

After 10 years within Onorato Armatori Group, CFO Marco Bariletti decided ‘to follow a new professional path.’ In a release issued by the Luxemburg Stock Exchange, the company says the resignation shall be effective the day before the approval of the interim report on 30 September. Why Bariletti resigns is unknown.

Highlights from the 1H report:

  • Visentini ro-pax DIMONIOS was sold to Trasmediterranea with a €10 million capital gain. 
  • Two veteran ferries have been sold: MOBY BABY (June, €0.5m) and MOBY LOVE (September, €1.0m). Both were sold to Greek Portucalence Shipping Co. 
  • Number of crossings in the Med: 18,200 (+5% 1H 2016) 
  • Number of passengers in the Med: +1% (in total: 6.5 million pax) 
  • Number of transported lane meters: +13% (in total: 7.1m lane meters) 
  • The Group reported €238,8m revenues (+10%).  
  • EBITDA was €25.2m, thanks to the 2Q 2017 results which show a recovery in sales versus 2Q 2016 coupled with the capital gain on the DIMONIOS deal. 
  • Net Secured Debt reported is € 447.1m, with €219.2 m of cash and cash equivalents (versus €114.1m as of March 31st 2017). 

Photo: MOBY LOVE in Genoa ©Mike Louagie