Ferry Companies Reduced Number of Sailing and Ships in the Gulf of Naples

By | 2020 Newsletter week 45 | No Comments

All five companies operating passenger transport services in the Gulf of Naples decided to close down or reduce the sailings offered to and from the surrounding islands (such as Capri, Ischia, etc.).

Three labour unions (Filt Cgil, Fit Cisl e Uiltrasporti) publicly protested against the ferry companies Alilauro, Snav, Medmar, Navigazione Libera del Golfo e Gestour and complaining that less sailings have a direct impact on the workforce and on the social distance needed for the people onboard during the current pandemic emergency.

The ferry companies from their side decided to reduce the number of ships deployed and the sailings offered to and from Naples just because, due to the new procedure and limits introduced by the local authorities, the number of passengers sharply decreased.

Aponte Can Smile: Grandi Navi Veloci and SNAV are Back in Black

By | 2020 Newsletter week 34 | No Comments

Gianluigi Aponte’s Italian holding Marinvest revealed in its last yearly financial report that both Grandi Navi Veloci and SNAV are back in profit, after some years in red.

In 2019, the Genoa-based ferry company GNV closed with a net profit of almost EUR 1 million, while the previous year the loss amounted to EUR 13.4 million.

Following the outbreak of Covid-19, the results were heavily impacted in the first half of this year and GNV asked for a new EUR 25 million bank loan in line with the “Decreto Liquidità” law approved by the Italian Government (in order to make it possible for the companies to overcome those challenging months).

The Aponte family also injected EUR 17 million in the company, as a potential capital increase for the future if needed.

Also, the Marinvest-controlled ferry company SNAV, today mainly focused on the lines in the Gulf of Naples, between Naples and the Aeolian islands and between Ancona and the Croatian port of Split, last year closed with a profit of almost EUR 1.5 million, coming from a red of almost EUR 550k in 2018.

The Reorganised SNAV Is Now Even More Focused On Short Sea Ferry Links

By | 2019 Newsletter week 35 | No Comments

Naples-based SNAV, the ferry company owned my Marinvest (the Italian holding company owned by the Aponte family), last year closed with a loss of EUR 550,000 (from a red of EUR 2.5 million in 2017), and the result is also due to an in-depth reorganisation of the business and of the structure.

Today SNAV mainly focuses on three business: the short sea ferry services from the port of Naples to the surrounding islands and from/to the Eolian islands, the link between the ports of Ancona and Split in Croatia, and the chartering management of the owned ferries and high-speed vessels.
The objective of the company from 2019 onwards is to reach a long-lasting financial equilibrium.
Last year SNAV also purchased the ferry SNAV ADRIATICO (ex-STENA BALTICA) for a price of EUR 7.4 million after six years of time charter from Stena and has been immediately re-chartered out for 3+3 years to Grandi Navi Veloci.

FERRY PORTS

By | 2019 Newsletter week 10 | No Comments

Ferry Passengers Increasing (+4%) And Ro-Ro Decreasing (-1%) In The Port Of Ancona

In 2018, 1,151,266 passengers were handled in the port of Ancona, 6% more compared with the year before, and 1,084,235 of those were transported by ferries (+4%).

More in detail:

  • 771,874 passengers (+1%) Ancona – Igoumenitsa – Patras
  • 221,446 (+7%) Ancona – Split (Croatia)
  • 90,832 (+29%) Ancona – Durres (Albania).

The ferry companies active in the port of Ancona are Minoan Lines, Superfast Ferries and Anek Lines (to and from Greece), Grandi Navi Veloci and Adria Ferries (to and from Albania) and Jadrolinija and Snav (to and from Croatia).

As for the ro-ro traffic, 147,650 trucks and trailers were handled in the port in 2018, which means a 1% decrease compared with the previous year.

Antitrust Authority Asked Local Region To Rethink Regulation For Ferry Operators In The Gulf Of Naples

By | 2019 Newsletter week 1 | No Comments

Following complaints filed by frequent customers and tourists, antitrust authority in Italy found that competitive constraints and unfair market conditions seems to be still present in the short sea ferry market between the port of Naples and the surrounding islands.

MSC’s controlled SNAV and Caremar, and the company Alilauro owned by the local Lauro family dominate the market.

The Antitrust authority asked the Campania Region to rethink the regulation introduced in 2016 in order to make the ferry market more transparent, accessible for new entrants and competitive.

In January 2015, the same Italian Competition Authority fined ten ferry services operators, active in the Gulf of Naples and Salerno, for their failure to respect commitments agreed on in a previous investigation. (Nicola Cappuzo)