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Tag: Q3 | Page 2 | Ferry Shipping News

Oct 08
0

FERRY SHIPPING

By | 2020 Newsletter week 41 | No Comments

Tallink: Freight Status Quo, Passengers Dropped Sharply

September

  • -1% Cargo Units 32,672 units (32,843 in September 2019)
  • -66% Passengers 243,215 passengers (718,354)
  • -25% Cars 62,138 vehicles (83,089)

Q3

  • -2% Cargo Units 91,578 (93,329)
  • -56% Passengers 1,314,301 (2,974,790)
  • -22% Cars 275,735 (353,725)

Paavo Nõgene, CEO of Tallink Grupp said that Tallinks business model needs cargo AND passengers. “Putting travel restrictions in place for passengers strongly affects the operators’ income base. This is why it is important that support mechanisms are put in place by the Finnish government, who has introduced the new restrictions, for all passenger ferry operators to ensure that cargo transportation can continue smoothly and without incurring losses.”

Feb 27
0

BC Ferries Q3 Results for the Fiscal Year Ending 31 March 2020

By | 2020 Newsletter week 9 | No Comments
  • Number of sailings: 44,000
  • Passengers: 4.8 million (+0.7%)
  • Cars: 2.0 million (+1.6%)
  • Total revenue for Q3 increased by $3.2 million to $210.9 million (+1.5%)
  • Total revenue for Q1+Q2+Q3 increased by $33.4 million to $786.7 million  (+4.4%)
  • The increase in revenue is mainly a result of increased vehicle traffic, retail revenue and the provincial contribution for its portion of the fare initiatives.
  • Operating expenses for Q3 increased by $7.4 million to $205.7 million (+3.7%)
  • Operating expenses for Q1+Q2+Q3 increased by $27.4 million to $646.8 million (+4.4%).

The increase in operating expenses is mainly due to higher labour costs and staffing level changes.

Source: BC Ferries
Nov 21
0

Fjord1 Is Ready For A New Year With New Contracts

By | 2019 Newsletter week 47 | No Comments

Q3 key figures

-14% Turnover NOK 705 million

+28% EBITDA NOK 278 million

+68% Net profit after tax NOK 115 million

  • The profit contribution has been positive from all segments (ferry, passenger boat, catering and tourist). 
  • Sales will grow next year when new contracts start on 1 January 2020.
  • 2019 is a transitional year with changes in the contract portfolio and major investments in zero- and low-emission vessels and the development of charging infrastructure. 
  • Fjord1 currently has 17 hybrid electric vessels in the ferry fleet and by the second half of 2020 the company will have an additional 13 hybrid electric vessels in operation. On January 1st, Fjord1 will start operating nine new connections in Hordaland, all with new environmentally friendly technology. A large part of the ferry fleet in Fjord1 will be zero emissions and contribute to a positive effect on the environmental footprint through significantly reduced CO2 emissions.
  • During the second half of 2020, the company will operate 30 electric ferries and 19 connections will be electrified. The Anda-Lote connection has been running electric for 1.5 years, and experience after passing 50,000 charges shows that the technology works as expected.
Source: Oslo Stock Exchange
Nov 14
0

FERRY FINANCE

By | 2019 Newsletter week 46 | No Comments

Q3 in brief:

  • Q3 EBITDA on level with 2018 despite UK slowdown. This slowdown in trade between UK and continental Europe continued through Q3 and lowered freight volumes on the North Sea ferry routes and passenger volumes on the Channel.
  • Logistics Division increased EBITDA 15% in Q3 as contract logistics in UK & Ireland and other activities across the division performed well despite of the UK slowdown.
  • The Channel freight market share was increased in Q3.
  • Mediterranean’s revenue growth continued but earnings were held back by a rise in costs due to operational challenges. A simplified route and port terminal structure was introduced in Mediterranean at the start of Q4.

+2.0% Revenue DKK 4.5bn

-0.2%  EBITDA DKK 1.2bn

+4.0% Profit before tax DKK 647m

Outlook 2019

Due to the ongoing European slowdown, expected revenue growth is now around 6% (previously: 6-8%). To reflect a reduced risk of a no-deal Brexit occurring in 2019, the outlook range for EBITDA before special items is narrowed to DKK 3.55-3.75bn (previously: DKK 3.5-3.8bn).

Source: DFDS Q3
Nov 14
0

Tallink Grupp Reports Record-Breaking Q3

By | 2019 Newsletter week 46 | No Comments

The record-breaking quarter is the result of the group carrying and serving record numbers of passengers in July and August and strong onboard and onshore sales.

  • Net profit was €54.6 million (46.1 million in Q3 2018), which is the highest ever net profit for the group for Q3.
  • EBITDA increased by €12.1 million to €83.2 million.
  • Revenue increased by 1.5% to a total of €287.8 million.

First 9 months 

  • €44.2 million net profit, which is a 2.4 million (5.8%) increase.
  • Revenue decreased by 0.1% and was €722.7 million.
  • EBITDA increased by almost €19 million (€137.7 million).

The financial result of the first nine months of 2019 was positively impacted by the very strong third quarter, but negatively impacted by the docking of seven of the company’s vessels in the first half of the year.

Source: Tallink Grupp
Oct 10
0

FERRY FINANCE

By | 2019 Newsletter week 41 | No Comments

AS Tallink Grupp Statistics For September 2019 And Q3

Traffic trends for September

  • -1.7% passengers
  • -0.1% cars
  • -2.7% freight units

Traffic trends for Q3 (July-September)

  • +0.9% passengers = 2 974 790
  • +0.4% cars = 353 725
  • -1.7% freight units = 93 329
Nov 15
0

FINANCE

By | 2018 Newsletter Week 46 | No Comments

Viking Line Group Reports First Nine Months

Period January 1–September 30, 2018

-3.6% Consolidated sales EUR 378.1 million

+22.2% Operating income EUR 7.7 million

+21.8 Consolidated income before taxes EUR 5.6 million

+26.3 Income after taxes EUR 4.8 million

-4.1% Passenger-related revenue EUR 343.0 million

+2.5% Cargo revenue EUR 33.4 million.

  • Due to lower operating expenses, consolidated income for 2018 improved despite lower sales.
  • The weak Swedish krona had a negative impact on consolidated income.

-7.5% passengers 4,967,745 (in 2017 Viking Line operated fast ferry Viking FSTR, not in 2018)

+0.5% cargo 95,081

Q3

-2.7% Consolidated sales EUR 152.3 million

+0.0% Operating income amounted to EUR 21.3 million

Full report
Nov 15
0

IN THE MEDIA

By | 2018 Newsletter Week 46 | No Comments

Irish Shipping Volumes Increased By +6% In Q3 2018

The latest IMDO iShip Index recorded an increase of +6% in shipping and port activity in the Republic of Ireland in Q3. The Index reached 1,037 points, the fourth consecutive quarter in which it has exceeded the baseline of 1,000 points. This continues the trend of steady growth in the ports and shipping sector since 2009.

Read more on Fleet.ie
Nov 08
0

Tallink Grupp’s Passenger Numbers And Cargo Units Increase, But Net Profit Is Down

By | 2018 Newsletter week 45 | No Comments

Tallink Grupp has announced its unaudited financial results for Q3 and first nine months of 2018.

Q3

+1.2% passengers (2.9 million passengers)

+0.3% revenue (EUR 283.6 million)

-3.6% unaudited net profit (EUR 46.1 million)

Comment:

  • number of passengers travelling, and the number of cargo units transported increased in all the geographical segments, however:
  • higher fuel costs
  • decreased charter revenues two Superfast ferries have led to the slightly reduced profit compared to the same period in 2017.

Unaudited 9-month interim statement

+0.9% passengers (7.5 million passengers)

-7.9% net profit (EUR 41.8 million)

-1.5% unaudited revenue (EUR 723.2 million)

 

Comment:

  • June and July highest numbers of passengers ever for these months
  • Largest number of passengers on the Estonia-Finland routes.
  • Largest number of cargo units on the Estonia-Finland routes
  • The greatest increases in both passengers and cargo units transported, has taken place on the Latvia-Sweden route.
  • Significantly increased fuel prices
  • Lower charter revenues
  • Strong competition
  • Longer than planned docking of one of the vessels in Q1
Read more