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Aug 16
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Viking Line Sees Improved Income Despite Lower Sales in Half-Year Results

By | 2018 Newsletter week 33 | No Comments

Some highlights of Viking Line’s half-year results for the period January 1 – June 30, 2018:

  • Consolidated sales EUR 225.7m (235.5m)
  • Operating income EUR -13.5m (-15.0m)
  • Passenger-related revenue EUR 201.7m (211.5m)
  • Cargo-related revenue EUR 22.9m (22.8m).

Thanks to lower operating expenses, consolidated income for the first six months of 2018 improved despite lower sales.

The weak Swedish krona had a negative impact on consolidated income.

Viking Line introduced a new organization model, with as aim to bring faster decision-making and clearer ownership of results. Strengthening the commercial focus at an organizational level is another goal.

Viking Line has transported 3.1m passengers, with a turnover of EUR 239.3m. Competitor Tallink welcomed 4.5m guests, and realized a turnover of EUR 451.4m.

Read more in Viking Line Group H1 report
Jun 28
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VILLA DEL TEROR Should Be Delivered In The Next Few Weeks

By | 2018 Newsletter week 26 | No Comments

At the request of Trasmediterránea some modifications are being done on ferry VILLA DEL TEROR, delaying the delivery with a couple of weeks.

The 139m ship originally ordered by Viking Line was transferred on 22 June from the Vulcan shipyard to the dry dock of Metalships & Docks for its painting.

Meanwhile, the future of the shipyard is being questioned.

Source: Faro de Vigo (in Spanish)
May 24
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Competition On Finland – Sweden Is Tough (Part 1

By | 2018 Newsletter week 21 | No Comments

In its Q1 Interim Report, Tallink Grupp AS obviously experiences the same though competition as Viking Line, especially on the routes between Finland and Sweden. The competition has an influence on the ticket price.
The total number of passengers has declined 0,5%, only due to the decrease on Finland – Sweden (-9.9%). This route is also having lower figures for cargo (-15.6%) and cars (-16.3%). All other routes are seeing increases.

  • Revenue €184.2 million (€191.5 million) -3.9%
  • Gross profit €13.7 million (€14.09 million) -7.8%
  • EBITDA €4.2 million (€5.3 million) -20.3%
Read the Tallink Q1 Interim Report here
May 24
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Competition On Finland – Sweden Is Tough (Part 2)

By | 2018 Newsletter week 21 | No Comments

In its Q1 Business Review Viking Line describes the competition as tough. This will imply continued pressure on prices and volumes.
The company also expects higher bunker prices, and sees the exchange rate trend for the Swedish krona as a risk factor.

  • Consolidated sales €100.3 million (101.1 million)
  • Operating income €-13.5 million (-17.7 million)
  • Consolidated income before taxes €-16.1 million (-18.8 million)
  • Income after taxes €-12.9 million (-15.1 million)
Read the Viking Line Business Review
Feb 15
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Ferry Finance

By | 2018 Newsletter Week 07 | No Comments

Full-year and Q4 results for Viking Line

Viking Line’s full-year results deteriorated slightly, but the 4th quarter operating income improved significantly.

Full year key figures:
Consolidated sales €522.7 million (+0.6%)
Operating income €10.0 million (down from €13.7 million).
Passenger-related revenue €476.4 million (+0.8%)
Cargo-related revenue €43.8 million (-1.1%)

Bunker expenses increased by 18.3%, mainly because of high-speed craft VIKING FSTR.

Cargo units went slightly down. Full year results 127,668 (131,918)
Cars went up. Full year results 762,253 (682,194)
Passengers went up. Full year results 6,881,149 (6,502,191).

Read press release here
Feb 01
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Trasmediterranea’s new vessel to be named VILLA DE TEROR

By | 2018 Newsletter Week 05 | No Comments

Juan Carlos Diaz Lorenzo reveals in Puente de Mando (in Spanish) the new name for the ferry under construction at the Vulcan Shipyard in Vigo for Trasmediterranea. We’re talking about the ferry that was originally ordered by Viking Line as VIKING ADCC.
Her name will be VILLA DE TEROR. The town of Teror is a municipality in the province of Las Palmas, located north of Gran Canaria.

Photo: Juan Carlos Diaz Lorenzo

Dec 21
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Viking Line signs for more gas from AGA

By | 2017 Newsletter week 51 | No Comments

AGA Gas and Viking Line have signed a new six-year agreement for continued LNG shipments to VIKING GRACE and to the new LNG-powered cruise ship under construction in China.
The SEAGAS LNG bunker vessel, which came into operation in the spring of 2013, supplies VIKING GRACE with more than 60 tonnes of LNG at every bunkering occasion, as the ship is moored at Stadsgården in Stockholm, and whilst passengers and freight are being (un)loaded. SEAGAS has so far carried out nearly 1,400 LNG bunkerings for VIKING GRACE.

Photo: SEAGAS ©Mike Louagie

Nov 23
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Swedish Maritime Administration’s new fairway due and pilot fee system hits the ferry sector

By | 2017 Newsletter week 47 | No Comments

The SMA (Swedish Maritime Administration) will introduce a new fee system for its fairway dues and pilot fees. It is the intention of the SMA to implement this new system on 1 January 2018.
Two of the taxation components are the passenger and cargo fees, which affect the ferry industry.
To see the full explanation about the fees, click on the link below.
Finnish politicians and ferry owners, such as Viking Line, have protested. The new system means, in short, that the more passengers and the more freight a ship carries, and the more often it arrives at a Swedish port, the more expensive it will be for the operator.

Link to the SMA (in English)