Rederiaktiebolaget Eckerö Q2 2024 financial results

FINLANDIA © Frank Lose

Rederiaktiebolaget Eckerö had a turnover EUR 63.3 million (EUR 62.8 million) in the second quarter of 2024. Operating profit was EUR 6.9 million (EUR 11.9 million). Adjusted for the sale of EXPORTER in June 2023, operating profit in the comparative period was EUR 8.1 million. The result for the accounting period was EUR 5.0 million (EUR 6.9 million).

859,172 passengers travelled on the company's ships, which was 3% less than in the same period last year (882,209). A major reason for the lower number of passengers during the second quarter of the year is that the Easter weekend, which is a popular travel time, fell in March 2024 (in 2023 Easter fell in April). The number of freight units was 49,309, which is 11% more than in the same period last year (44,326).

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Stena Line’s Sweden-Denmark routes weaker than expected this summer

STENA NAUTICA © Stena Line

Stena Line reports a negative development for this year's summer season, especially among Swedish, but also Danish passengers. In July, 14 percent fewer passengers travelled between Frederikshavn-Gothenburg and Grenå-Halmstad compared to the previous year. However, that seems to be changing in the coming months, when Stena Line expects to reach their budget targets.

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Åland regional government and Finferries create joint company to develop the Åland archipelago traffic

Finlands Färjetrafik Ab (Finferries) signed a letter of intent with the Åland regional government for the creation of a joint company that intends to operate traffic in the Åland archipelago. The new company will be called Ålands Skärgårdsrederi Ab and use the marketing name Axferries.

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Tallink Grupp’s VICTORIA I to resume operation on the company’s Tallinn-Helsinki route from 31 August 2024

VICTORIA I © Uwe Jakob

Tallink Grupp’s vessel VICTORIA I, which operates on the company’s Tallinn-Stockholm route, in tandem with company’s vessel BALTIC QUEEN since June this year, will return to its previous Tallinn-Helsinki route at the end of this month, from 31 August 2024. From September, during the autumn-winter season, the company will operate its Tallinn-Stockholm route with the vessel BALTIC QUEEN according to the regular schedule.

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Gotlandsbolaget quarterly report January-June 2024

© Kai Ortel

Revenues amounted to SEK 604.1 million (564.2) for Gotlandsbolaget in the April-June 2024 period. The costs amounted to SEK -562.4 million (-555.9). The changes compared to the previous year are primarily a consequence of services performed for Gotland Alandia Cruises, which affect both income and costs as well as higher income in the Gotland traffic. Adjusted operating profit amounted to SEK 27.3 million (8.3). The improvement is mainly due to stronger results in the Gotland traffic. The result is also still negatively affected by the share in Gotland Alandia Cruises.

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Candela to supply eight electric hydrofoiling ships to NEOM

Candela has received their largest order yet with Saudi Arabia’s NEOM. An initial eight Candela P-12 electric hydrofoil ships will be delivered for service in the Red Sea, part of the future planned water network in NEOM. 

The first batch of eight vessels will be delivered in 2025 and early 2026.

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CLdN opens new access gate at Purfleet terminal

CLdN opened the new access gate to its London terminal in Purfleet, UK. This two-year, multimillion-pound project significantly improve access to the terminal for customers and deliver on commitments with the local authorities to divert terminal traffic away from residential areas.

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Construction of Scandlines’ zero direct emissions ferry FUTURA has entered the final phase

© Scandlines/Cemre

The construction of the electric FUTURA for Scandlines at the Cemre shipyard is entering its final phase. On 29 July 2024, the ship entered the floating dock to have the bottom cleaned and painted, among other things, and 10 August she headed out to sea again. 

The ferry will be officially named at a ceremony in connection with its deployment on the Fehmarn Belt later in 2024.

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Viking Line to conduct week-long biogas trials

Viking Line’s vessels serving the Turku route will reduce their emissions by 90 per cent when the company runs those vessels for the first time for a whole week solely on biogas. During the week, which kicks off with Baltic Sea Day, VIKING GLORY and VIKING GRACE will demonstrate what the future looks like for the first green shipping corridor on the Baltic Sea.

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Brunvoll Propulsion for Norled's next four ferries

Brunvoll has been chosen to supply azimuth propulsion thrusters and thruster control systems for Norled’s four next hybrid ferries. The vessels will service the routes between Stokkvågen, Lovund, and Træna in Norway. The vessels are designed by LMG Marin and will be built at the Tersan Havyard Shipyard.

Norwegian ferry operator Norled has won the contract for the routes based on a 90% reduction in emissions. Norled has an ambitious strategy for sustainability, and the new hybrid ferries match their strategy. Each have a battery capacity of 8,000 kWh.

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