Finnlines’ financial review January–September 2022

FINNMAID © Finnlines

Tom Pippingsköld, President and CEO, in conjunction with the review
“The Finnlines Group’s revenue in January–September 2022 amounted to EUR 558.4 million, an increase of 31 per cent compared to the corresponding period in 2021. The result for the reporting period was EUR 105.2 million – an increase of 52 per cent compared to EUR 69.0 million in January–September 2021. Earnings before interest, taxes, depreciation and amortisation, EBITDA, amounted to EUR 169.2 (121.2 in 2021) million.

Finnlines transported 572,000 cargo units (583,000 in the same period 2021), shipped 99,000 cars (124,000) and carried 514,000 private and commercial passengers (439,000). 

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Color Line streamlines parts of its operations

COLOR VIKING © Color Line

As a result of high energy costs, macroeconomic uncertainty and weakened framework conditions, Color Line has decided to end the operation of COLOR VIKING on the Sandefjord-Strømstad route and the ro-ro ship COLOR CARRIER on the Oslo-Kiel route. Color Line will seek to minimize the number of redundancies through redeployment to other ships in the fleet and by offering voluntary schemes.

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Brittany Ferries publishes full-year passenger and freight results

SALAMANCA © Brittany Ferries

Brittany Ferries published its passenger and freight figures for its financial year (November to October). The figures reveal strong passenger performance on routes connecting the UK with Spain – and France with Ireland – but a fall in traffic on the English Channel.

Freight has also struggled to recover to 2019 levels, the last pre-Covid comparison year. Figures show a 27 percent reduction in freight carried on UK-France routes, and a 22 percent decline on UK-Spain. France-Ireland and Ireland-Spain are exceptions to the downward trend, reflecting lower volumes using the so-called UK land-bridge in transporting goods between EU member states.

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Keel laying ceremony held for Wallenius Marine’s first 6,500 CEU PCTC

© Wallenius Marine

Longkou Shipyard in China, owned by CIMC Raffles, held the keel laying ceremony for the first of two ordered 6,500 CEU PCTC’s from the Sleipner concept, which will be chartered out to Volkswagen Konzernlogistik GmbH & Co. OHG.

Launching of this first vessel is planned for 30 June 2023. Within a year, 30 October, the vessel shall be delivered.

Vessels from Sleipner concept

Length: 200 metres
Width: 37 metres
Capacity: 6,500 car equivalent units
Shipyard: Longkou Shipyard in Shandong, China, owned by CIMC Raffles.
Delivery: First vessel 30 October 2023, second in the beginning of 2024.

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Norwest Ship Management AS signed an agreement with Eckerö Shipping Ab Ltd to buy EXPORTER and SHIPPER

(BIRKA) SHIPPER © J.J. Jager

Norwest Ship Management AS announced that they have bought the two identical sister ships EXPORTER and SHIPPER from Eckerö Shipping Ab Ltd.

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Meyer Turku shipyard delivered CARNIVAL CELEBRATION

CARNIVAL CELEBRATION in the front, behind is ICON OF THE SEAS © Jukka Huotari

Meyer Turku has delivered the CARNIVAL CELEBRATION cruise ship to Carnival Cruise Line. Carnival Celebration was delivered on schedule and will start its maiden voyage already later this week.

Like its sister ship MARDI GRAS, also built at the Meyer Turku shipyard, CARNIVAL CELEBRATION has six themed areas that offer passengers world-class experiences and tastes. 

Length: 344 m
Width: 42 m
Gross tonnage: 182,800
Passengers: 5,374
Crew: 1,735
Flag state: Panama

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Grimaldi takes delivery of ECO ITALIA – 12th hybrid GG5G-class ro-ro from China

ECO ITALIA © Grimaldi Group

Naples-based Grimaldi Group took delivery of its 12th hybrid GG5G-class 7,800 lanemetre capacity ro-ro from China’s Jinling Shipyard in Nanjing.

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Baleària confirms order for a near sister to ELEANOR ROOSEVELT

MARGARITA SALAS will be a near sister to ELEANOR ROOSEVELT © Baleària

Baleària has begun the construction of a second LNG dual fuel high-speed catamaran at the Armon shipyard in Gijón as a result of the satisfaction with ELEANOR ROOSEVELT delivered in April 2021 from the same yard. The new vessel will bear the name of pioneering biochemist MARGARITA SALAS and is expected to start operating in 2024.

MARGARITA SALAS will have the same characteristics as ELEANOR ROOSEVELT: 123 metres long, 28 metres wide and a capacity to transport 1,200 passengers and 400 vehicles.

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JR Kyushu Jet Ferry’s trimaran QUEEN BEETLE to finally enter service

QUEEN BEETLE © Austal

Fukuoa-based JR Kyushu Jet Ferry Inc. announced that they will resume ferry services on the Fukuoka (Japan) to Busan (South Korea) route on 4 November. This means that the 2020-delivered 83.5m trimaran QUEEN BEETLE will finally be able to enter service on its intended route.

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RMC laid the keel for Spirit of Tasmania’s first of two new LNG-powered ro-paxes

SPIRIT OF TASMANIA IV keel laying © RMC

The keel laying ceremony of SPIRIT OF TASMANIA IV was celebrated 28 October in Rauma shipyard. The ceremony marked the beginning of the vessel’s construction in the construction dock. Rauma Marine Constructions is building two Spirit of Tasmania car and passenger ferries for the Tasmanian TT-Line Company, which are set to operate on the challenging open sea route between mainland Australia and Tasmania. The project is the biggest single foreign sale between Finland and Australia.

The vessels will hold 1,800 passengers each and their gross tonnage will be approximately 48,000 metric tons. The new vessels will replace the Finnish-built sister ships from the 1990s.

Construction of the first vessel will be completed at the start of 2024 and the second in late 2024. 

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The route between the Canary Islands and Huelva by Baleària and Fred. Olsen increases its services to respond to the increase in demand

MARIE CURIE © Frank Heine

The Baleària and Fred. Olsen route, which connects the Canary Islands with the Peninsula, through the Huelva port of Palos de la Frontera (Huelva), reinforces its services starting this Saturday, 5 November, due to the increase in demand. The new service will be added to the two departures made by the MARIE CURIE ship to date, so carriers will have three weekly departures.

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Corvus Blue Whale ESS completes sea trials on board SEASPAN RELIANT

SEASPAN RELIANT © Seaspan Ferries

Corvus Energy announced that the sea trial of its new energy storage system—the Corvus Blue Whale ESS—took place in October on board SEASPAN RELIANT and has been declared successful.

The new Blue Whale battery, which replaces a battery with only a quarter of the upgraded energy capacity, will allow SFC to perform engine load optimizations, without sacrificing vessel speed, resulting in higher efficiency operations and minimizing the requirement of dual generator operations.

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FRS Helgoline ends 2022 season with satisfaction

HALUNDER JET © Frank Lose

The high-speed catamaran HALUNDER JET have concluded its last trip to Helgoland for 2022. Given the circumstances, the shipping company can look back on a satisfactory season. There were various highlights over the course of the year, and the start of bookings for the 2023 season was announced at the same time.

The catamaran carried almost 165,000 passengers, which is satisfactory compared to the last two covid years, but could not match the passenger numbers of 2019. In 2021, a total of 142,000 passengers were transported to and from the island.

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Royal Caribbean Group First Cruise Company in US to Sail Using Renewable Diesel Fuel

NAVIGATOR OF THE SEAS © Marc Ottini

Royal Caribbean Group became the first major cruise line operator to sail a cruise ship from a U.S. port while using renewable diesel fuel to meet part of the ship's fuel needs when NAVIGATOR OF THE SEAS set sail from the Port of Los Angeles. Part of the Group's award-winning cruise line, Royal Caribbean International, the use of renewable fuel will reduce the ship's carbon emissions.

The renewable fuel being used by NAVIGATOR OF THE SEAS contains less carbon than traditional marine fuels. While this fuel is produced from renewable raw materials, the production process for this fuel makes it molecularly identical to traditional marine gas oil — creating a "drop in" fuel that can be safely used with the ship's existing engines.

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VIKAND appointed healthcare partner to Storylines, a new concept in luxury residential cruise travel

NARRATIVE © Storylines

Global healthcare specialist VIKAND has been appointed healthcare partner to Storylines, a new concept in luxury cruise travel.
Storylines is offering a unique residential cruise ship experience that is set to launch in 2025. Residents will live aboard Storylines’ NARRATIVE ship all year-round, travelling the world from the comfort of their own homes.

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Northern Xplorer chooses DNV as class partner in mission to build world’s first zero-emission cruise ship

Industry-leading classification society will be responsible for newbuilding supervision and classification of Northern Xplorer (NX)’s inaugural vessel scheduled for delivery by 2026, as well as collaborating with Norwegian flag and technology providers on the enhancement of rules and standards for safe operation of hydrogen-powered passenger ships.

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JAX LNG welcomes Nyk Line's SAKURA LEADER to Jacksonville

SAKURA LEADER © Nyk Line

JAX LNG, a small-scale LNG facility specializing in both on-road and marine-loading LNG solutions near the St. Johns River, recently welcomed Nyk Line's SAKURA LEADER for the ship’s inaugural call to Jacksonville. SAKURA LEADER offloaded cargo at the Jacksonville Port Authority’s (JAXPORT) Talleyrand Marine Terminal where JAX LNG completed its first ship-to-ship liquefied natural gas (LNG) bunkering of SAKURA LEADER.

Crews loaded approximately 800 metric tons of LNG from North America’s largest LNG bunker barge—the CLEAN CANAVERAL, owned by Polaris New Energy. This occasion marks the first time Nyk Line deployed SAKURA LEADER to the U.S. East Coast from Japan and was the first time the vessel received LNG bunkering in the United States. 

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Keel laying for a zero emission passenger sailing ship at Brodosplit

The keel laying of the zero emission passenger sailing ship with electric motors as the main drive, took place at the Brodosplit shipyard. "Electric sailing ship" - the so-called three-masted schooner will be 63.50 metres long and 10 metres wide, with a height of 5.35 metres to the main deck.

The hull and superstructure will be made of steel and the masts of aluminum alloy. When not under sail, the ship will be powered by two 150 kW electric motors, each fed by a system of batteries continuously charged from different sources. When it reaches a speed of 6 knots, it will require only 70 kilowatts of power, which is fairly unobtrusive for a 500 gt ship. The vessel will be equipped with 15 tonnes of batteries with a maximum capacity of 1,800 kWh, but due to legal requirements, it will also have two diesel generators that will be turned on only when needed or in emergencies.

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Carnival Corporation & plc Announces Long-Time Board Member Arnold Donald is Stepping Down after More Than Two Decades of Service

Earlier this year, with the successful return of Carnival Corporation & plc's fleet into service, Donald announced his decision to leave the CEO role, turning it over to his colleague, Josh Weinstein, who was promoted from chief operations officer into the role of President and CEO, with Donald continuing to support the company in the short term during the transition as Vice-Chair.

BIO-SEA BWTS for MSC WORLD EUROPA

MSC WORLD EUROPA, the first in a series of four next generation cruiseships to join the MSC Cruises’ fleet, has been delivered with a state-of-the-art ballast water treatment system from the BIO-SEA by BIO-UV Group stable.

AS Tallink Grupp Statistics for October 2022

In October 2022, AS Tallink Grupp transported 454,207 passengers, which is a 10.2% increase compared to October 2021. The number of cargo units decreased by 3.5% to 32,959 units and the number of passenger vehicles decreased by 2.7% to 62,213 units in the same comparison.

Royal Caribbean Group reports third quarter results, provides forward guidance, and introduces the Trifecta performance initiative

Royal Caribbean Group reported third quarter 2022 resuls showing a total revenue in the third quarter of USD 3.0 billion, while net income reached USD 33.0 million and adjusted EBITDA of USD 742.3 million.

RINA statement confirms the validity of Molten Carbonate Fuel Cells-based technology for Carbon Capture developed by Ecospray

RINA released a statement confirming that the CO2 reduction achieved by the new Molten Carbonate Fuel Cells (MCFC) technology for Carbon Capture (CC) in shipping, developed by Ecospray, matches expected targets announced by the company at the beginning of the project.

Brittany Ferries doubles the size of its cybersecurity workforce and joins the France Cyber Maritime association

In the fight against ever more sophisticated threats and attacks from cybercriminals, Brittany ferries has taken steps to strengthen its defences.

RWO next generation wastewater treatment receives Celebrity welcome

RWO, supplier of intelligent water management solutions, has successfully completed two installations of its next generation advanced water treatment system (AWTS) - the CleanSewage Membrane Reactor (CS-MBR) for Celebrity Cruises. The sewage treatment plant on the Celebrity Solstice-class vessels, CELEBRITY SILHOUETTE and CELEBRITY REFLECTION, have been upgraded to the CS-MBR system, with an additional three orders placed to complete the fleet-wide upgrade.

Nowhere Networks brings high speed internet to the Mediterranean Sea – making it a broadband ocean

Swedish Nowhere Networks’ goal: to cover all northern coastal areas in the Mediterranean Sea with broadband connectivity by the end of 2023, starting in Greece. Nowhere Networks provides a complete solution with much higher capacity and reliability than satellite connectivity at a fraction of the cost.

Carnival Corporation Expands Installation of Innovative Air Lubrication Systems

Carnival Corporation announced plans to expand the program for installation of Air Lubrication Systems (ALS) to a majority of the cruise line brands in its fleet through 2027, which is expected to generate significant savings in fuel consumption and carbon emissions by reducing hull drag by approximately 5% per ship.