New CEO for Molslinjen announced

By | 2023 Newsletter week 8 | No Comments

The current CEO of ForSea, Kritian Durhuus is to become the new CEO of Molslinjen.  Molslinjen’s takeover of ForSea was completed at the end of January and the two companies are in the process of merging.

The vacancy has arisen as current Molslinjen CEO Carsten Jensen is leaving the post to become the new CEO of Nordic Ferry Infrastructure in Oslo.

Nordic Ferry Infrastructure (NFI) is a holding company that will in future own both Molslinjen and the Norwegian transport company, Torghatten.

Kristian Durhuus will join Molslinjen on 15 March 2023.  In the interim period Carsten Jensen will remain responsible for Molslinjen.

Photo: Molslinjen

In Brief

By | 2023 Newsletter week 8 | No Comments
  • In addition to boosting capacity on Finnlines’ own Zeebrugge – Rosslare route, FINNPULP is also to be chartered to P&O Ferries for one roundtrip per week. The vessel will depart Zeebrugge on Tuesdays and Teesport on Wednesdays from 28 February.  The ferry companies have an existing cooperation, P&O Ferries providing stevedoring and ship handling for Finnlines’ Rosslare service at the Belgian port.
  • Viking Line has announced that 13 March to 25 June, CINDERELLA will call at Kapellskär on her morning departure from Mariehamn to Stockholm. The sailing is a result of the sale of the ROSELLA and the loss of her sailings from Åland to Kapellskär.

Photo: Viking Line

  • Björn Blomqvist, CEO of Rederi Ab Eckerö Group, has revealed that there has been recent interest in the sale or charter of their idle cruise vessel BIRKA STOCKHOLM. The ship has been laid up since the Covid pandemic arrived in March 2020.  With interest from Europe and Southeast Asia there have also been enquires for using her as an accommodation vessel.
  • From 1 March, Brittany Ferries will switch from Pound Sterling to Euro as the base currency onboard. Sterling will still be accepted onboard at the daily exchange rate but all products and services will have prices displayed as Euro. Full details of the change can be found here.

Photo: Brittany Ferries

  • Molslinjen has been given permission to replace the MAX MOLS with the EXPRESS 1 when the newbuild EXPRESS 5 is delivered as the main Bornholm fast ferry. Due to the subsidised service, the decision required approval of the Danish Ministry of Transport.  The capacity of EXPRESS 1 up to that of the MAX MOLS will be sold within the contract but the additional part is to be sold commercially at Bornholmslinjen’s own risk.  This arrangement will initially be for one year.
  • Molslinjen’s fast ferries on the Kattegat are now registered with the Too Good To Go food waste scheme. This means that ferry passengers on the last departures of the day to Aarhus have the opportunity to buy food to take home from the ferries’ catering outlets. The scheme attempts to reduce food waste.  A bag of food purchased on the app costs DKK 39 and can contain items such as croissants, sandwiches or salads.

Photo: Molslinjen

Molslinjen lowers the prices on the Kattegat

By | 2023 Newsletter week 1 | No Comments

“Our route is critical infrastructure in Denmark, and we will constantly work to get as many cheap tickets on the market as possible. Like everyone else, we are affected by the increased costs, but we have to make up for that loss by getting more passengers and cars on the ferries”, asserts Jesper Skovgaard, MD Molslinjen.

Molslinjen will have an extra fast ferry on the Kattegat in 2023.

EQT puts Molslinjen’s CEO in charge of Nordic Ferry Infrastructure

By | 2022 Newsletter week 51 | No Comments

Molslinjen’s owners in Sweden, EQT Infrastructure, bring Molslinjen’s Carsten Jensen to a position as CEO of the newly established company Nordic Ferry Infrastructure based in Oslo.

The company is a holding company which in future owns both the Danish ferry company Molslinjen and the Norwegian ferry company Torghatten.

Carsten Jensen takes over immediately as CEO of Nordic Ferry Infrastructure. However, during a transition period he will still be responsible for the Molslinjen until a new CEO is in place.

Breaking News: Molslinjen acquires ForSea

By | 2022 Newsletter week 45 | No Comments

With the support of EQT Infrastructure, Molslinjen A/S has entered into a final agreement to acquire ForSea from Igneo Infrastructure Partners.

ForSea is the sole operator of ferries between Helsingør, Denmark and Helsingborg, Sweden, providing ferry services via a single ferry route strategically located at the nearest point between the two countries (approx. 4 km).

As a true “floating bridge”, the ForSea ferries are an integral part of the Nordic transport infrastructure network and carry six million passengers, one million passenger cars and 450,000 trucks across the Öresund every year.

The company operates 5 ferries across the route, 2 of which are electric and a third is scheduled for electric operation – setting a clear path to full decarbonisation of the fleet within this decade.

Molslinjen was acquired by EQT Infrastructure in 2021.

The transaction is subject to approval by the Swedish and Danish competition authorities and is expected to be completed in early 2023. The parties have agreed not to disclose the selling price.

Molslinjen bets on Denmark’s domestic market

By | 2022 Newsletter week 43 | No Comments
  • From Easter 2023, a fast ferry will leave the Ystad-Bornholm route, as it will be replaced by newbuilding EXPRESS 5. This will allow a four-ferry operation on the Kattegat with more departures from both Aarhus and Ebeltoft.
  • Four fast ferries the Kattegat has been Molslinjen’s plan since 2012, when the first large fast ferries were deployed. And from Easter 2023 the dream will come true.
  • “Danes are increasingly staying at home and taking holidays domestically. Therefore, the private market is increasing right now, and we would like to support that growth by having four ferries in operation on the Kattegat”, says Molslinjen’s commercial director, Jesper Skovgaard.
  • The new ferry on the Kattegat will either be EXPRESS 1 or the fast ferry MAX. The decision on which ferry will remain on Bornholm awaits the upcoming elections and a decision in the new Ministry of Transport.
  • Ebeltoft departures will increase from 294 in 2022 to 656 in 2023 or 123% in the period March to October.
  • At the same time, capacity is freed up to Aarhus, which will be expanded from 8,430 departures in 2022 to 8,628 departures in 2023, or an increase of 2.3%.
  • That gives up to 32 daily departures between Jutland and Zealand.

Molslinjen wins two ‘green’ tenders

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The Danish Ministry of Transport has announced that Molslinjen, after two tenders, will be awarded the next ten years for the ferry routes Alslinjen (Bøjden — Fynshav) and Samsølinjen (Kalundborg — Ballen)

Both routes will in future be operated by electric ferries powered by green electricity. The two ships will set completely new standards for electric ferries in Denmark.

NIB finances EQT-backed Molslinjen and Torghattens’ sustainability transformation in Denmark and Norway

By | 2022 Newletter week 16 | No Comments

NIB has signed a 7-year loan agreement with a EQT owned company to finance capital expenditures relating to electric ferries operated by Molslinjen A/S in Denmark and Torghatten AS in Norway.

The EUR 84.71 million loan, which is fully eligible to be funded by NIB Environmental Bond proceeds, will be key in realising EQT Infrastructure’s ferry capital expenditure programme during 2021-2026.

EQT Infrastructure is combining the two leading ferry companies, Molslinjen and Torghatten, under one common holding vehicle to establish a pan-Nordic floating bridge and island-to-mainland transportation infrastructure champion. The combined entity will become the leading maritime transportation company located in one of the most attractive and creditworthy regions, with a strong and resilient financial profile underpinned by robust cash flow visibility and a highly diversified route and contract portfolio.