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Tag: Virtu Maritime Ltd. Group | Ferry Shipping News

Jun 14
2

Key financial results for Virtu Maritime Ltd. Group in 2023

By | 2024 Newsletter week 24 | No Comments
  • Pre-tax Profit: €8 million (2022: €793,000 pre-tax loss)
  • Revenue: €53.9 million, up 28.7% from €41.9 million in 2022
    • Ferry Services: €45.6 million
    • Food and Beverage Sales: €1.5 million
    • Charter Hire and Related Income: €6.8 million
  • Cost of Sales: €36.6 million (up from €34.9 million in 2022)(mainly vessel operating expenses and employee benefit expenses)
  • Administrative Expenses: €6.2 million
  • Finance Costs: €3.2 million
  • Total Assets: €200.3 million (2022: €196.2 million)

Virtu Maritime anticipates continued profitability and cash generation in 2024​.

Annual Report

Jun 14
2

Estonia will announce the tender for the construction of the new Virtsu-Kuivastu ferry in September

By | 2024 Newsletter week 24 | No Comments

Riigilaevastik, Estonia’s state-owned maritime company, has announced plans to launch a procurement tender in September for the construction of a new ferry for the Virtsu-Kuivastu route.

The new ferry will incorporate advanced green technology, including hydrogen fuel cells and batteries, ensuring zero emissions. This vessel, which will be smaller than initially planned, is designed to accommodate up to 700 passengers and 200 vehicles, enhancing the efficiency of the current fleet.

The ferry is expected to start operations by October 2026.

Source: Riigilaevastik