Viking Line’s AMORELLA was handed over to Corsica Ferries SAS on 13 October 2022.
The name of the vessel will be MEGA VICTORIA after reflagging.
- 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.
- 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
Stena Line, DFDS, Ørsted and Liquid Wind will form a partnership with the Port of Gothenburg to establish an electromethanol (e-fuels) hub.
- 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.
- 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
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.
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.
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.
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.