Juncker Plan in France: signature of first green financing in maritime sector for Brittany Ferries

By | 2017 Newsletter week 50 | No Comments

The European Investment Bank (EIB), Société Générale and Brittany Ferries announced the first green maritime financing under EIB’s €750 million Green Shipping Guarantee (GSG) programme put in place last year by the EIB and Société Générale, for Brittany Ferries’ HONFLEUR. This new vessel will be Brittany Ferries’ first LNG-powered ferry, to be built by Flensburger (FSG).
Société Générale acted as the main arranger of the €142.6 million financing for the acquisition of the HONFLEUR, which includes a tranche of €49.5 million fully guaranteed by the EIB.

Rendering H. Krüger

Austal to build a new trimaran for Fukuoka (Japan) – Busan (South Korea) route

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Austal Australia and JR Kyushu Jet Ferry have signed a letter of intent to develop a new high-speed trimaran passenger ferry concept for JR Kyushu Jet Ferry’s South Korea to Japan route.
The design of the 80m high-speed craft will be based on Austal’s trimaran hull form, with the interior to be developed by Japanese designer, Mr Eiji Mitooka of Don Design.
The contract will be signed in early 2018.

 Rendering Austal

Wärtsilä to deliver high efficiency and low emissions for new Viking Line ferry

By | 2017 Newsletter week 47 | No Comments

Wärtsilä will supply the engines, the navigation system, and a broad scope of other products and systems for the environmentally friendly cruise ferry being built for Viking Line. The ship is being built at the Xiamen Shipbuilding Industry yard in China and there is an option for a second vessel.
Commencing in early 2021, the new vessel will operate between Turku and Stockholm. The ship is the first LNG fuelled ferry of this size and standard to be built in China.

Strategic investment by Damen Shipyard Group

By | 2017 Newsletter week 46 | No Comments

Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the acquisition of its majority share in Daewoo Mangalia Heavy Industries, in Romania, on the Black Sea coast.
Damen already owns a shipyard in Romania, in Galati on the banks of the River Danube. It is currently the group’s largest shipyard.
The acquisition will provide Damen with capacity to cater for the largest maritime vessels and structures.

Acciona sells Trasmediterranea to Naviera Armas Group

By | 2017 Newsletter week 43 | No Comments

Acciona has finally reached an agreement to sell its 92.7% stake in Trasmediterranea to the Naviera Armas Group.

Acciona’s stake is being sold for EUR 260.4 million, and the buyer will assume EUR 127.3 million of debt owed by Trasmediterranea to Acciona group companies.

The deal will foreseeably be completed in the first quarter of 2018, once it has been approved by the competition authorities.

The disposal responds to Acciona’s goal of concentrating on its core business: sustainable infrastructure and renewable energy.

Since it was acquired by Acciona in 2002, Trasmediterranea has become firmly established as Spain’s largest shipping company and one of Europe’s leading ferry operators. It sails a total of 32 routes, mainly linking mainland Spain with the Balearic Islands, North Africa and the Canary Islands.

It also provides logistics, shipping agency and cruise ship handling services, and operates five port terminals.

Last year, it transported 2.5 million passengers (+2.3%), 5.8 million lane meters of cargo (+2.3%) and 576,000 vehicles (+5.7%).

Photo © Mike Louagie