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Tag: Q2 2023 | Ferry Shipping News

Dec 01
0

BC Ferries: Q2 results 2023 reflect continued strong traffic

By | 2023 Newsletter week 48 | No Comments

BC Ferries’ net earnings (compared to same period last year)

  • For the 3 months ended September 30, 2023: $102.1 million (+26.9%)
  • For the 6 months ended September 30, 2023, $117.3 million (+32.8%)

Passengers

  • Q2: 7.8 million (+4%)
  • Year-to-date: 13.6 million (+5%)

Vehicles

  • Q2: 3.0 million (0%)
  • Year-to-date: 5.5 million (+2%)

Revenue

  • Q2: +11% primarily as a result of an increase in vehicle and passenger traffic levels, tariff rates, fuel surcharges and retail revenue.
  • Year-to-date +10% over the same period in the prior year impacted by factors such as changes in overall traffic levels, traffic types and tariff rates.
  • While revenues were higher, expenses from operations increased by 11% mainly due to continued inflationary pressure across all cost categories.
Jul 07
0

The Port of Odense and Fayard are expanding their collaboration with a new 30-year agreement

By | 2023 Newsletter week 27 | No Comments

Fayard A/S and Odense Havn A/S have per 1 July 2023 entered into an agreement on the extension of Fayard’s involvement in the Port of Odense. The parties have entered into a 30-year non-cancellable lease agreement, in which Fayard has secured the right to dispose of the unique shipyard facilities at the Port of Odense for the next three decades.

Fayard is one of Northern Europe’s largest repair yards and services, among other things, container ships, passenger ferries, tankers, military vessels and a large number of other ships. Fayard has a central position in the green transformation of shipping in relation to energy optimization of ships as well as upgrades and retrofits of the existing world fleet

Jul 07
0

Tallink Grupp statistics for June 2023 and Q2 2023

By | 2023 Newsletter week 27 | No Comments

In June 2023:

-1.3% passengers, driven mostly due to chartering of vessels (less capacity)

-24.9% freight units

+5.1% passenger vehicles

In Q2 2023 (April-June)

-0.7% passengers: the decrease was driven mostly due to chartering of vessels including SILJA EUROPA and GALAXY I that transported more than 250,000 passengers Q2 of 2022.

-22.0% freight units

+5.0% passenger vehicles

FINLAND–SWEDEN

  • The second quarter Finland-Sweden results reflect the operation of the Helsinki-Stockholm and the Turku-Kapellskär route. The cruise ferry GALAXY I stopped operating on the Turku-Stockholm route in September 2022 due to a charter contract.

ESTONIA–FINLAND

  • The second quarter Estonia-Finland results reflect operations of shuttle services of MYSTAR and
  • The cruise ferry SILJA EUROPA stopped operating on the Tallinn-Helsinki route in August 2022 due to a charter contract.
  • The shuttle vessel STAR has been chartered out since 5 May 2023 and is operating under the OSCAR WILDE name between Ireland and the United Kingdom.
  • The cargo vessel SEA WIND was sold in April 2022.

ESTONIA–SWEDEN

  • The second quarter Estonia-Sweden results reflect the operations of the Tallinn-Stockholm and the Paldiski-Kapellskär route by one cruise ferry and two cargo vessels.