Rederi AB Gotland’s profit affected by weak tanker market

By | 2022 Newletter week 16 | No Comments
  • Revenues increased to SEK 2,337 million from SEK 2,011 million
  • Operating profit decreased to SEK 124 million from SEK 142 million
  • Profit after financial items decreased to SEK 150 million from SEK 159 million
  • The Board of Directors proposes a dividend of SEK 8.20 per share (SEK 8.00)

This year’s revenues have increased in line with the demand for travel. The number of passengers in Gotland traffic has increased by 487,601 passengers, which is plus 40 percent compared with the previous year.

The decline in earnings is largely due to a very weak product tanker market with a significant loss during the year for Gotland Tankers AB, which also accelerated during the last four-month period.

Demand for travel to Gotland has increased after the government and the authorities eased the restrictions that were in force during the corona pandemic.

Rederi AB Gotland buys Belgian and bareboat charters to KiwiRail

By | 2021 newsletter week 48 | No Comments

On November 24, 2021, Rederi AB Gotland said it has acquired the Kawasaki-class roro vessel VALENTINE from Cobelfret Ferries.

The vessel has been chartered out on a bare-boat basis to KiwiRail for traffic in the Cooks Sound between the North Island and the South Island of New Zealand.

VALENTINE is now on her way to New Zealand and is expected to arrive there during the second half of December.

Rederi AB Gotland’s New Route To Germany Can Start In Autumn

By | 2021 Newsletter week 19 | No Comments

Recently Rederi AB Gotland said that they are planning for a new ferry line Nynäshamn – Rostock. (“Hansa Line”)

In an interview with Swedish Radio P4, Rederi AB Gotland’s CEO Håkan Johansson said

they are doing intensive preparatory work. “We have aimed to launch the ferry line this autumn.”

The company has been awarded an eco-bonus from the government, with the aim of transferring truck traffic from land to sea, estimated to reduce emissions by about 20%

Consultants of Steerlink Partners have mapped concrete freight flows and had dialogues with large goods owners and transport buyers.

Press Release Steerlink Partners

Rederi AB Gotland has started to collaborate with Wallenius Marine to further establish itself in international shipping. Wallenius will take over the operation of ropax VISBY, on charter to DFDS for the Dunkerque – Rosslare route. In the near future the Swedish vessel will be reflagged to Malta.

Rederi AB Gotland Starts Technology Company ‘Gotland Tech Development’

By | 2021 Newsletter week 17 | No Comments

Rederi AB Gotland starts a technology development company called Gotland Tech Development. The new company will drive the development towards more sustainable technology solutions and a maritime transport system without carbon dioxide emissions. The company aims to work partner-based with a focus on new technology development for maritime industries but will also look at broader collaborations in the transport, energy and fuel areas.

Rederi Ab Gotland Is Planning For A New Ferry Line Between Sweden And Germany

By | 2021 Newsletter week 9 | No Comments

Rederi AB Gotland is planning a new ferry line, under the working name Hansalinjen.

The new route may serve Rostock, Germany, and Nynäshamn, with the possibility of certain trips to call at the port of Visby.

Rederi AB Gotland has been awarded an eco-bonus from the Government with the aim of transferring truck traffic from land to sea.

A new ferry line would be a sister business to Destination Gotland, which connects the old Hanseatic cities of Rostock, Visby and Stockholm. It opens up a new route for all German travelers who want to visit Gotland and Sweden.

FERRY FINANCE

By | 2019 Newsletter week 43 | No Comments

Rederie Gotland’s Results 1 January – 31 August

Parent company of Destination Gotland AB and others have performed well during the first 8 months of the year.

  • +4.0% Profit after financial items SEK 288m (277)
  • +16.1% Operating profit SEK 381m (329)
  • +0% Profit after tax SEK 202m (202)

In December 2018, the shipping company took delivery of VISBORG, the first of two newbuilding projects at the GSI shipyard in China for LNG-powered ropax ferries.