ICG, parent company of Irish Ferries, reports a solid financial performance for the year ended 31 December 2017.
Highlights:
Revenue up 3.0% to €335.1 million (€325.4 million)
EBITDA down 3.0% to €81.0 million (€83.5 million)
Ro-ro freight volumes up 0.5% to 287,500 units (286,100 units)
Cars up 2.4% to 424,000 units (414,100 units)
Good results from ANEK affected by increase in bunker cost
Some key figures from ANEK Lines annual report:
Passengers +7% 1,040,000 (974,000)
Cars +9% 204,000(188,000)
Trucks +4% 139,000 (133,000)
Concerning financial results, during 2017 ANEK Group maintained its profitability for the third consecutive year. However, the increase in the average price of fuel resulted to the increase of operating cost and the reduction of EBIDTA, despite the increase of turnover.
Turnover € 164.7 million (€ 157.6 million)
Consolidated gross profit € 31.4 million (€ 41.1 million).
EBITDA € 12.8 million (€ 25.6 million)
TT-Line Company Pty Ltd, operators of Spirit of Tasmania, will order two brand new purpose-built ships to replace the current fleet by 2021.
These two new ships will have a substantially larger capacity:
The order will be placed in the first half of next year. So far the yard has not been chosen yet.
In November 2017 AS Tallink Grupp transported:
BC Ferries published its results of the last three and six-month period ending on September 30.
Some highlights:
Three month ending September 30
Six months ending September 30
In its revised earnings forecast for the 2017 financial year, Viking Line’s assessment is that operating income for 2017 will decline, compared to operating income for 2016.
The reasons are:
In Q3, Wasaline saw an increase on all segments.
Wasaline operates WASA EXPRESS between Vaasa and Umeå.
When looking at the Q3 report, one can see that Tallink had an excellent summer.
In July, August and September, Tallink Grupp transported a total of 2,912,759 passengers (+2%), 353,309 cars (-7,1%) and 91,335 cargo units (+12.5%).
In July only, Tallink ferried 1.2 million passengers, a record.
The Latvia-Sweden route in particular has been developing positively since the addition of the second ferry ROMANTIKA to the route in December 2016.
The Estonia-Finland routes have seen a slight 5% decrease in passenger figures, mainly because only one cruise-ferry (MEGASTAR) operated on Tallinn-Helsinki, instead of two last year. This route is also the main responsible for the drop in car traffic.
The Estonia-Finland route continues to be the biggest contributor to the cargo transport growth, with nearly 6,000 more units.
Photo MEGASTAR © Tallink
Tallink had a good month in August. Compared to last year, passengers and freight went up. The Group transported 980,234 passengers (+1.9%), 30,659 cargo units (+14.5%).
The number of passenger cars went down 7.8%, on the routes Finland-Estonia, and Finland-Sweden. On Helsinki-Tallinn Tallink introduced the ro-pax newbuilding MEGASTAR end of January, whilst competitor Viking Line chartered the high-speed catamaran VIKING XPRS for the same route.
The route Latvia-Sweden saw an impressive growth (pax +76.4%, cars +27.9%, freight +141.9%), totally due to the introduction of a second ferry, ROMANTIKA.
With the Q2 report, Fjord Line confirmed the year-on-year growth trend.
The company increased revenues with 30% and EBITDA with 112%.
Passenger volumes were up by 13% and freight volumes up by 25%.
The routes Hirtshals (Denmark) – Langesund (Norway, southeast of Oslo) and Sandefjord (Norway) – Strømstad (Sweden) were responsible for a significant increase in freight volumes (respectively 37% and 39%). The same routes also saw an increase in passengers per crossing.
In Q2 the high-speed vessel FJORD CAT suffered some technical issues, with 3 weeks of cancellations. Result: the growth on the Hirtshals – Kristiansand route did not materialize.
