Shippax News Bulletin – 34
- In association with Interferry
Dear Subscriber,
Somewhat fewer news this week due to conference preparations, but we will be revealing and sharing much more of that next week at the conference.
17 months wait is now almost over and we are so much looking forward to see many of you again on board PEARL SEAWAYS!
Until then, have a nice weekend!
GSI delivers first of two luxury ro-pax ferries for COSCO
JI LONG DAO has a capacity of 1,370 passengers and 2,800 lanemetres. © GSI
On 20 August, Guangzhou Shipyard International (GSI) in Nansha, China delivered the first of two 43,195gt luxury ro-pax ferries to COSCO Group Passenger Shipping. The 208m long and 28.6m beam JI LONG DAO and yet unnamed sister ship will be introduced on COSCO’s domestic Bohai Bay ferry service from Dalian to Yantai.
Ordered in March 2019, the SDARI-designed sister ships each have a capacity of 1,370 passengers and 2,800 lanemetres on three decks. With a 22.3-knot maximum speed, the vessels are the fastest conventional ro-pax ferries to operate across the Bay of Bohai. They offer 360 cabins, a large number of which with bay windows.
HMD cuts first steel for MANXMAN
MANXMAN's steel cutting ceremony at HMD. © Isle of Man Steam Packet Company
On 20 August, construction of the Isle of Man Steam Packet Company’s next-generation ro-pax ferry officially started with the first steel cutting for the 133m long ro-pax ferry MANXMAN at Hyundai Mipo Dockyard (HMD) in Ulsan, South Korea.
Due to replace the 630-passenger and 1,235-lanemetre capacity BEN-MY-CHREE, built by Van der Giessen-de Noord in 1998, the 949-passenger MANXMAN will have a higher freight and car intake with 495m² of additional vehicle deck space.
MANXMAN will be delivered in late November 2022, starting operations on the Heysham-Douglas route in spring 2023 when BEN-MY-CHREE will become a reserve ship.
Financials
Color Line half year results heavily affected by the pandemic
The first six months of 2021 saw Color Line decrease its revenues to NOK 629 million from NOK 1.1 billion the year before. EBIT ended at NOK -349 million (NOK -490 million).
Revenue from Cargo was NOK 268 million and compensation from the Norwegian government was NOK 185 million.
98,510 passengers were carried in the six months, compared to 621,781 last year and 1,634,408 in 2019.
89,337 freight units were carried, compared to 85,759 last year and 89,503 in 2019.
Irish Continental Group's H1 performance: increased revenue, yet higher operating loss
Irish Continental Group’s consolidated half year revenue for the period ended 30 June 2021 was stronger than the year before. On the back of a better performance from the Group's Container & Terminal Division, consolidated revenues increased to EUR 141.6 million (EUR 130.8 million), while EBITDA ended at EUR 12.7 million (EUR 10.0 million). H1 revenue for the Group's Ferries Division increased by 2.1% to EUR 62.9 million with an operating loss of (EUR 18.9 million) over (EUR 15.3 million) in H1 2020.
Highlights in HY 2021
- Group revenue generated totalling EUR 141.6 million, EUR 10.8 million more than HY 2020.
- Ro-ro freight travel patterns affected by new customs requirements following the exit of the UK from the EU.
- EBIT generated was a loss of EUR 10.3 million, EUR 0.8 million worse than HY 2020.
- EBITDA generated of EUR 12.7 million, EUR 2.7 million more than HY 2020.
- Gross cash balances of EUR 131.1 million (31 December 2020: EUR 150.4 million).
- Net debt at EUR 112.1 million, EUR 23.6 million higher than at the beginning of the year.
Revenue in the ferry division was EUR 62.9 million (EUR 61.6 million) while EBITDA was EUR 0.6 million (EUR 1.1 million).
Viking Line Q2 results improved over last year
Still heavily affected by the pandemic, Viking Line had a stronger Q2 this year compared to last year, particularly at the end of the quarter that picked up steam and also had contributions from the sale of MARIELLA. Sales amounted to EUR 46.9 million (EUR 22.6 million), while operating income totalled EUR 12.2 million (EUR -5.9 million).
January–June 2021 (compared to January–June 2020)
- Sales amounted to EUR 71.5 million (EUR 97.5 million).
- Other operating revenue was EUR 33.6 million (EUR 16.1 million).
- Operating income totalled EUR 4.5 million (EUR -27.4 million).
- Net financial items were EUR -2.4 million (EUR -2.1 million).
- Income before taxes amounted to EUR 2.2 million (EUR -29.5 million).
- Income after taxes totalled EUR 2.7 million (EUR -23.7 million).
Revenue of AUD 1.572 billion (FY2020: AUD 2.086 billion), down (24.6%).
EBIT of AUD 114.6 million (FY2020: AUD 130.4 million), down (12.1%), second highest on record.
Press Releases
These press release news are published mostly “as is”, i.e. this is how we get it from the senders.
If you want to have your relevant news published, please send it to news@shippax.se
Surikat continues to grow with Stena Line. Renewed contract, enhanced terminal operations
Swedish ferry operator Stena Line has renewed a 5-year contract with Surikat, suppliers of a Terminal Operating System for RORO, LOLO, rail, intermodal and passenger vehicles. The strategic partnership enables Stena Line to enhance their terminal operations and improve the customer experience across Europe.
The most climate-smart passenger ship has SERTICA onboard
Render of VIKING GLORY © Viking Line
Finnish Viking Line is currently implementing a new Fleet Management System on the newbuild VIKING GLORY, which will have its maiden voyage in 2022. VIKING GLORY consumes up to 10% less fuel than the world’s most eco-friendly passenger ship.
Viking Line has invested in SERTICA, which will be implemented on their 6 exiting vessels and the newbuild VIKING GLORY.
Car and passenger ferry AURORA BOTNIA, built at Rauma shipyard, was christened in Vaasa, Finland
© Rauma Marine Constructions
Rauma Marine Constructions' second newbuild AURORA BOTNIA was christened in Vaasa, Finland, 25 August. The world's most environmentally friendly car and passenger ferry will operate the route between Vaasa and Umeå, Sweden, daily.
ABB to fit Tallink MEGASTAR ferry with shore connection for emission-free port stays
MEGASTAR © Kai Ortel
ABB’s comprehensive shore connection solution will allow Tallink shuttle vessel MEGASTAR to plug into the local grid for quiet and emission-free overnight layovers in the Port of Tallinn.
Fueled by low-emission liquefied natural gas, passenger and car ferry MEGASTAR makes three return journeys between the Estonian and Finnish capitals per day, with an overnight stay in Tallinn where it needs to keep generators running to ensure energy availability for onboard systems. With ABB’s shore connection solution, the vessel will be able to cover its energy needs in port by drawing on land-based power.
BC Ferries announces the names of the newest Island Class ferries
ISLAND NAGALIS © BC Ferries
BC Ferries revealed the names of its third and fourth Island Class ferries at a special naming ceremony at Victoria’s Point Hope Maritime. ISLAND NAGALIS and ISLAND KULUTA are the newest vessels to enter the fleet, allowing two-ship service to begin on the Campbell River – Quadra Island route in 2022.
Stena´s pathway to decarbonise its shipping operations
STENA ELEKTRA © Stena Line
The scale of shipping’s challenge to transition from fossil-based fuels to renewables must not be underestimated. We are a global industry, and ships must be able to serve all ports. There is still no easy answer on which technology to use and vessels built today could operate for up to 40 years. Nevertheless, Stena stands firmly behind the industry’s ambition to eliminate the use of fossil fuels as soon as possible and we are working hard to play our part in making this a reality.
New feeder operation from the Gulf of Bothnia
WALLENIUS SOL is expanding its offering by connecting its established network in the Gulf of Bothnia and the Baltic Sea region with the rest of the world. It will do so in its capacity as feeder operator to the world’s overseas shipping lines.
Shell and Baker Hughes to deliver smart oil condition monitoring and equipment health service
Shell announces the launch of VitalyX, powered by Shell Remote Sense and Bently Nevada, a Baker Hughes business, as an intelligent, advanced analytics-based oil condition monitoring and machine health service for the marine sector.
Boreal is converting an LNG ferry for all-electric operation
Boreal has entered into an agreement with Fiskerstrand Verft to convert KARLSØYFJORD from the current LNG propulsion system to a fully electric propulsion system with battery as the power source.
CMAL appoints design consultant for small vessel replacement programme
Caledonian Maritime Assets Limited (CMAL) has appointed ferry design consultancy Navalue to lead the concept design of its Small Vessel Replacement Programme (SVRP).
Navalue will provide consultancy services for the concept design stage of the programme, which will see several small vehicle and passenger vessels replaced on the Clyde and Hebrides Ferry Services (CHFS) network.
CMAL and Navalue will investigate and evaluate the feasibility of designing low emission ferries to be in line with the Scottish Government climate change commitments. The Emissions Reduction Targets (Scotland) Act 2019 states a 2030 target to deliver a reduction of 75% of all harmful emissions, and an ambition to achieve net-zero emissions by 2045.
Joy at Copenhagen Malmö Port (CMP): Cruise tourism opens up further in Denmark
The currently applicable restrictions on cruise ship disembarkation will be eased as of 20 August, so that both vaccinated and Covid-19 tested cruise passengers have the possibility to disembark in Denmark. This may give hope for a late summer with increased activity in the port of Copenhagen.
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