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Tag: Viking Line | Page 3 | Ferry Shipping News

Oct 06
0

Baltic cruise ferry AMORELLA arrived in Italy

By | 2022 Newsletter week 40 | No Comments
  • Corsica Ferries’ newest acquisition —the 1988-built AMORELLA from Viking Line— has arrived in Genoa.
  • Reported sales price is EUR 19.1 million.
  • Book value as of 30 June 2022 EUR 3.2 million.
  • Length 170m, pax 2,480 and lane metres 970
  • The vessel, soon to be renamed MEGA VICTORIA, will be repainted by Zincaf Ship Repair Yard in Genoa. She follows the former MARIELLA (renamed MEGA REGINA) bought last year from Viking Line too.
Sep 08
0

Stena Line names STENA ESTELLE in Gdynia

By | 2022 Newsletter week 36 | No Comments
  • On 3 September 2022, a ceremony was held to name the Stena Line E-Flexer STENA ESTELLE.
  • Champagne was broken on the side of the Stena Estelle ferry by the Deputy Mayor of Gdynia for Economy, Katarzyna Gruszecka-Spychała, the ship’s godmother.
  • The ropax serves the Gdynia-Karlskrona line.
  • STENA ESTELLE is one of the largest ferries in the Baltic Sea. It is 240 metres long, offers space for 1,200 people and can accommodate up to 200 trucks on 3,600 metres of car decks.
  • It is energy efficient thanks to its optimised design. It can be converted to run on gas, allowing fuel to be changed to methanol or LNG.
  • During port calls, it can use shore power. A connection to the electric grid will enable future conversion to a battery hybrid system.

Godmother Katarzyna Gruszecka-Spychala and Captain Wojciech Jurgas

CEO Niclas Martensson hands over steering wheel to Captain Wojciech Jurgas

Sep 08
0

La Méridionale is the first shipping company to add a particle filter on their ferry PIANA

By | 2022 Newsletter week 36 | No Comments
  • SOLVAir Marine team facilitated the joint collaboration of three partners: Solvay, Andritz and La Méridionale.
  • The result of this collaboration is the installation of the world’s first dry exhaust gas treatment system on the vessel PIANA.
  • With its 30 years’ experience, Solvay brought technical support during the engineering, construction and operation phases, with a specific focus on the injection of dry sorbent; Solvay also supplied the sodium-based sorbent and safely managed the residues.
  • Andritz designed, built, and delivered the equipment, integrated on the vessel under La Méridionale’s responsibility.
  • PIANA is the first vessel running SOLVAir Marine Solution.
  • SOLVAir Marine teams, Andritz representatives and La Méridionale have run a trial of 6 months to test the efficiency of the solution on vessels running on High Sulphur Heavy Fuel Oil (HFO) engines.
SOLVAir Marine solutions on PIANA
Sep 08
0

Record summer for Viking Line on its Turku-Mariehamn-Stockholm route

By | 2022 Newsletter week 36 | No Comments
  • All-time passenger record on the Turku-Mariehamn-Stockholm route: 740,000 people travelled with VIKING GLORY and VIKING GRACE between June and August.
  • New VIKING GLORY has attracted a larger share of younger adults, who in many cases are taking a ‘cruise’ for the first time.
  • Younger adults are attracted by the food and the luxurious spa and massage treatments – which have also been fully booked on many departures.
  • A total of nearly 2 million passengers sailed on all of Viking Line’s vessels during the three summer months.
  • The destination cruises with VIKING CINDERELLA and GABRIELLA to Visby, Bornholm, Ystad and Sweden’s High Coast, among other places, were also popular this past summer, and a number of departures were fully booked.
  • Service between Helsinki and Stockholm has also started to take off post-pandemic, with people showing a strong interest in experiencing the
Apr 29
4

Viking Line Q1: Gradual normalization despite a challenging environment

By | 2022 Newsletter week 17 | No Comments

January–March 2022 (compared to January–March 2021)(in EUR)

  • Sales amounted to 58.8 million (24.6 million)
  • Other operating revenue was 6.0 million (10.3 million)
  • Operating income totalled -18.1 million (-7.7 million)
  • Net financial items were -2.2 million (-1.3 million).
  • Income before taxes amounted to -20.3 million (-8.9 million)
  • Income after taxes totalled -16.2 million (-7.2 million)
  • Viking Line is not providing any outlook, above all, in view of the geopolitical situation, it is still too soon to quantify the impact on operating income for 2022, which is the same conclusion at the time the previous earnings report was published.
More details
Jan 06
4

Viking Line looks back on a strange year

By | 2022 Newsletter week 1 | No Comments

Like 2020, 2021 was an exceptional year, with an unfavourable operating environment. At the same time, Viking Line experienced some positive events too. MARIELLA was sold in May, and in December the new climate-smart VIKING GLORY was delivered.

Traffic statistics 2021

  • +20.1% passengers
  • largest increase on Turku–Åland–Stockholm (+51.9%)
  • -11.3% on Helsinki–Åland–Stockholm
  • +81.8% Mariehamn—Kapellskär with ROSELLA
  • -21.1% Helsinki—Tallinn, with VIKING XPRS
  • +2.9% cargo units
  • +24% cars

Viking Line ended Q3,2021 with good liquidity. To further help implement Viking Line’s strategy for continued profitable growth in a post-pandemic environment, a preferential share issue for existing shareholders was carried out during the autumn, which was a success. There was great interest among shareholders, employees and the general public in the share issue, which was oversubscribed. Initially a total of 8,584,070 shares were subscribed for, which corresponds to about 132.5% of the offer shares. The final number of shares was 6,480,000. As a result, Viking Line generated proceeds of about EUR 51.8 million.

Source: Viking Line
Nov 04
4

Viking Line: Operating income improvement of EUR 65 million

By | 2021 Newsletter week 44 | No Comments

Q3

  • Revenue EUR 97.5 million (EUR 56.6 million)
  • Operating income EUR 26.0 million (EUR -7.8 million)
  • Q3 results were characterized by a steady increase in demand in the passenger segment and continued stable demand for cargo transport.

Q1+Q2+Q3

  • Revenue EUR 169.0 million (EUR 154.2 million)
  • Operating income EUR 30.5 million (EUR -35.2 million)
  • Income before taxes EUR 27.1 million (EUR -38.3 million)
  • Income after taxes EUR 22.7 million (EUR -30.8 million)

The outlook for the financial year 2021 is unchanged compared to the Half-Year Report as of June 30, 2021, which means positive operating income for the full-year 2021.

An Extraordinary General Meeting, to be held on November 22, will decide to issue new shares to strengthen the capital structure as well as the financial and liquidity position.

The goal is to raise 50 million in equity.

The subscription price would indicatively be EUR 8.00 per share and shareholders of the Company would be entitled to subscribe for 3 new shares for each five 5 shares held by such shareholder.

Stock Exchange Release
Sep 02
4

City of Turku Redeems the Terminal in Turku

By | 2021 Newsletter week 35 | No Comments

August 31, 2021. The City of Turku has redeemed the terminal in Turku owned by Viking Line. The terminal and related facilities are located in an area in the Port of Turku leased by Viking Line.

Under the original lease agreement, the buildings were to be redeemed on December 31, 2025, but since the Port of Turku decided to begin a major refurbishment of the port and its facilities, the City of Turku now redeems the properties.

The redemption entails an accounting profit of EUR 13.5 million for Viking Line Abp and strengthens the company’s liquidity with EUR 7.9 million.

Investor Relations release
Aug 26
4

Viking Line, Another Six Months with the Pandemic

By | 2021 Newsletter week 34 | No Comments

Half-year Financial Report January–June 2021 (compared to January–June 2020)

  • Sales EUR 71.5 million (97.5)
  • Passenger-related revenue decreased 34.1% to EUR 50.1 million (76.0), while cargo revenue was EUR 20.4 million (20.7)
  • Other operating revenue EUR 33.6 million (16.1)
  • Operating income EUR 4.5 million (-27.4)
  • Net financial items EUR -2.4 million (-2.1)
  • Income before taxes EUR 2.2 million (-29.5)
  • Income after taxes EUR 2.7 million (-23.7)

Key Figures H1

Passengers 538,348 (998,483)

Market share pax 32.1% (27.0%)

Cargo units 65,214 (62,409)

Market share cargo 16.8% (17.1%)

Market share pax cars 31.4% (24.1%)

Outlook

  • The outlook for the financial year 2021 is better than the outcome for 2020.
  • Improved demand starting late in Q2, 2021 together with one-off items in the form of the sale of MARIELLA and the anticipated redemption of Viking Line’s terminal buildings including fixtures and fittings with the City of Turku will boost income.
  • Uncertainty about how authority requirements, State aid, the impact of vaccination programmes and related restrictions on passenger traffic as well as market demand will affect Viking Line’s operations, results and financial position for the full-year 2021, but on the whole the Board of Directors believes operating income will be positive.

Second quarter 2021 (compared to second quarter 2020)

  • Sales amounted to EUR 46.9 million (22.6)
  • Operating income EUR 12.2 million (-5.9)
  • Covid-19 continues to dominate the company’s operations and results, but at the end of Q2 Viking Line saw increased demand for services between Åland, Finland and Sweden.
  • Traffic between Finland and Estonia has been greatly affected by restrictions.
  • Results for the second quarter were dominated by Viking Line’s public service obligations (*) and cargo transports, but an increase in demand in the passenger sector was also discernible at the end of the period.

(*) During H1, the Group received aid for its public service obligations from Traficom for the Group’s vessels on the Turku–Mariehamn/Långnäs–Stockholm, Mariehamn-Kapellskär and Helsinki–Tallinn routes. It also received aid from the Development and Management Centre of Finland’s Centres for Economic Development, Transport and the Environment (known as ELY centres) and from Finland’s Local Employment and Economic Development Offices. The aid is recognized as State aid under other operating revenue.

Read more: Viking Line Investor Relations