Molslinjen required to pay penalties

It hasn't been plain sailing for Bornholmslinjen's EXPRESS 1 © Søren Lund Hviid

The Danish Ministry of Transport, Building, and Housing has requested Molslinjen/Bornholmslinjen to pay DKK 1.5 million in penalties after the ferry operator failed to meet required service levels with regard to vessel punctuality and cancellations on the high-speed Ystad-Rønne, Bornholm service.

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Rederi AB Eckerö acquires EUROPEAN ENDEAVOUR from P&O Ferries

P&O Ferries has confirmed the sale of its 2000-built EUROPEAN ENDEAVOUR to Rederi AB Eckerö © Frank Lose

Åland-based Rederi AB Eckerö has acquired the 1,950-lanemetre EUROPEAN ENDEAVOUR from P&O Ferries. The 2000-built ro-pax ferry is currently in drydock at Cammell Laird in Birkenhead and is expected to be handed over to her new owners later this month.

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Vard delivers HANSEATIC NATURE to Hapag-Lloyd Cruises

HANSEATIC NATURE © Vard

Norwegian shipyard Vard has delivered HANSEATIC NATURE, the first of three new polar expedition cruise ships for Germany’s Hapag-Lloyd Cruises.

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UK Government cancels remaining no-deal Brexit ferries contracts

DfT's no-deal Brexit ferry contract was worth GBP 46.6 million © Maritime Photographic

As if the fiasco surrounding the UK Government’s no-deal Brexit ferries contracts couldn’t get any worse, comes news today that the Department for Transport (DfT) has cancelled its contracts with Brittany Ferries and DFDS to provide increased services for ‘essential’ freight cargoes on its routes between the UK and Europe. This latest move is expected to cost UK taxpayers GBP 50 million.

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China Merchants takes over AVIC Weihai Shipyard

It has been up in the air for some time: AVIC Weihai becomes part of China Merchants © Philippe Holthof

Financially troubled Chinese shipbuilder AVIC Weihai Shipyard, currently one of the world’s leaders in the construction of large ro-pax vessels, has been taken over by China Merchants Offshore Engineering Investment (CMOEI).

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KiwiRail starts procurement process for two new rail ro-paxes

The lengthened ARATERE is now of three ro-paxes operated by Interislander © Alan Calvert

New Zealand’s KiwiRail, operator of the Interislander ferry service across the Cook Strait, between Wellington and Picton, has started the procurement for its fleet replacement programme to replace its existing three-ship fleet.

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Knud E. Hansen reveals artist’s impression of GG5G for Finnlines

The GG5Gs for Finnlines have four rather than five cargo decks as the weather deck will be primarily used for container and portable tank stowage purposes. © Knud E. Hansen

Concurrent with the announcement of having singed a contract with Jinling Shipyard for developing the basic design of Grimaldi’ Group’s three modified GG5G Class for its Finnlines subsidiary, Knud E. Hansen has revealed artist’s impressions of these hybrid ro-ro freighters.

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Pentland Ferries loses appeal against state aid for Northern Isles ferry services

Pentland Ferries operates a single-ship service between Gills Bay and St. Margaret's Hope © Frank Lose

Scottish family-owned ferry operator Pentland Ferries, which operates a single vessel passenger/vehicle service linking the Scottish mainland with Orkney, has lost its appeal against state aid from the Scottish Government for the ferry services between the Scottish mainland and Orkney and Shetland, currently operated by Serco NorthLink Ferries.

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P&O Ferries sues UK Government over Eurotunnel’s no-deal Brexit ferry pay out

© Philippe Holthof

The fiasco surrounding the UK Government’s no-deal Brexit ferry contracts continues, with P&O Ferries taking legal action against the Department for Transport (DfT) claiming that a rival, Eurotunnel, was unlawfully handed GBP 33 million of taxpayer’s money.

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Austal delivers second catamaran to Brave Line

RIKULAU was the first of two 550-passenger vessels constructed at Austal's Philippines shipyard in Balamban, Cebu © Austal

Following the delivery of RIKULAU in March, Austal’s Philippines shipyard in Balamban has now delivered the second Passenger Express 50 catamaran BLUE MAGPIE to Brave Line in Taiwan.

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Financials

Lindblad Expeditions Holdings 1Q financial results

Tour Revenues increased 9% to USD 89.7 million. Adjusted EBITDA decreased USD 0.1 million to USD 22.0 million

Royal Caribbean reports strongest ever 1Q results

Revenues ended at USD 2.4 billion, compared to USD 2 billion for the same quarter last year. US GAAP Net Income for the first quarter of 2019 was USD 249.7 million or USD 1.19 per share and Adjusted Net Income was USD 275.8 million or USD 1.31 per share, beating the January guidance by USD 0.21 per share. Last year, US GAAP Net Income was USD 218.7 million or USD 1.02 per share and Adjusted Net Income was USD 232.8 million or USD 1.09 per share. 

Scandlines reports solid performance and stable operations for 2018

The group's two ferry routes completed more than 43,000 departures and transported 7.4 million passengers, underlining Scandlines' position as an invaluable part of European infrastructure. Group revenue declined 2% to EUR 477 million in 2018 (EUR 487 million in 2017) following a slight decline in traffic and BorderShop visits driven by the unseasonably warm weather in the period from May to September. 

Virtu Ferries maintains strong profitability in 2018

While passenger-related revenues slightly decreased to EUR 27.1 million, a shortfall of just 0.7%, charter-related revenues increased by 6% to EUR 5.3 million. The group's total revenues reached EUR 33.1 million. Net profit increased 13.5% to EUR 10.9 million.

Moby Group financial results for 2018

Revenues for the period amounted to EUR 584.3 million compared to EUR 586.2 million in 2017. EBITDA stood at EUR 44 million compared to EUR 131.8 million in 2017. The net result for the year 2018 was a loss equal to EUR 62.7 million.

Stena AB financial result for 2018

Ferry Operations

Revenue increased from SEK 12,737 million in 2017 to SEK 13,849 million in 2018.

Operating result ended at SEK 1,391 million, compared to SEK 1,499 million in 2017

Roll-on/Roll-off vessels

Revenue from the company’s ro-ro activities reached SEK 518 million for the period (SEK 400 million), with operating result ending at SEK 439 million in, compared to SEK 379 million in 2017.

Press Releases

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Wärtsilä strengthens its UK service support with the acquisition of Ships Electronic Services Ltd

The technology group Wärtsilä strengthens its service offering by acquiring Ships Electronic Services Ltd (“SES”), a UK based company specializing in navigation and communication electronics, installation, maintenance and repair services, mainly for commercial and leisure vessels. The acquisition was signed and closed on 2 May 2019.

NAPA and ChartWorld partner to provide artificial intelligence-driven voyage optimization

NAPA, the maritime software, services and data analysis provider and ChartWorld, the digital chart agent, have announced their partnership to provide revolutionary artificial intelligence-driven voyage planning and optimization.

BC Ferries Cable Ferry Surpasses 30,000 Sailing Mark

The BAYNES SOUND CONNECTOR recently marked its third year of service on the Buckley Bay (Vancouver Island) – Denman Island route, achieving savings of more than 415,000 litres of fuel compared with the traditional vessel that previously serviced the route since going into service in February 2016.

Big Ferry Fortnight Makes Waves with over 40,000 Ticket Applications

The Big Ferry Fortnight public ballot received 41,579 applications from over 10,400 people for the 2,400 free pairs* of ferry tickets during Big Ferry Fortnight.

ABB enables Eckerö Line’s cruise ferry to increase operational safety

ABB’s situational awareness solution, ABB Ability™ Marine Pilot Vision, will allow FINLANDIA to enhance safety during maneuvering and docking.

OSM strengthens global digital ship management offering in Cyprus

Full ship management services in Cyprus offer new opportunities for the Central European and Middle East markets and strengthen OSM’s global digital network.

Halton Marine cabin units now available with 36% lighter construction-enabling substantial savings in weight

Halton Marine offers HVAC solutions for different types of cabins and rooms. Cabin units with an intelligent automation and a thermostat can operate as stand-alone units or in a network which enables the indoor air conditions to be controlled, monitored and adjusted by a supervision system.

Carnival Corporation's AIDAnova First Ship to be Supplied with LNG in Mediterranean

Carnival Corporation, the world's largest leisure travel company, its Germany-based AIDA Cruises brand and numerous representatives from politics, port-related businesses and tourism celebrated the first-time arrival of the world's first cruise ship powered by liquefied natural gas (LNG) in Barcelona.

ABS, Google Cloud and SoftServe Partner to Demonstrate Feasibility of AI-enabled Corrosion Detection

ABS, Google Cloud and SoftServe completed a pilot project applying artificial intelligence (AI) models to detect levels of corrosion and coating breakdown on ships and offshore structures.