Shippax Newsletter– week 43
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GNV POLARIS delivered to GNV

© GSI
First in the four-ship series, GNV POLARIS, has been delivered from the Guangzhou Shipyard International (GSI) shipyard to GNV. GNV POLARIS, which will serve between Sicily and Sardinia, is 218-metres long and has a capacity for 1,500 passengers in 239 cabins and 3,100 lanemetres of freight.
Tallink Grupp publishes 2024 third quarter financial results

BALTIC QUEEN and MEGASTAR © Dmitry Sumin
The Group's unaudited revenue for the third quarter in 2024 decreased slightly compared to Q3 2023 by 3.7% and totalled EUR 231.9 million (EUR 240.7 million in Q3 2023). Third quarter EBITDA was EUR 68.4 million, which is a 16.7% decrease compared to Q3 2023 (EUR 82.1 million in Q3 2023). In the third quarter of 2024 the group's unaudited net profit was EUR 36.8 million, which is a 24.4% decrease compared to the same period last year (net profit of EUR 48.7 million in Q3 2023).

Fincantieri and Viking sign contracts for two more cruise ships

VIKING STAR was in 2015 the first ship delivered in this series. The first ships were somewhat smaller than the latest ones © Fincantieri
Fincantieri and Viking have announced that they have signed contracts for the construction of two further cruise vessels, based on the features of the previous ships, which Fincantieri has already built for this shipowner. The vessels will be delivered in 2031 and 2032.
The new vessels will be placed in the small cruise ship segment, the gross tonnage is about 54,300 and they will accommodate 998 passengers on board in 499 cabins.

First steel cut for SEVEN SEAS PRESTIGE

SEVEN SEAS PRESTIGE © Regent Seven Seas
The steel-cutting ceremony for SEVEN SEAS PRESTIGE, the new ultra luxury cruise ship of Regent Seven Seas Cruises, took place at Fincantieri's shipyard in Marghera (Venice). The vessel is scheduled for delivery in 2026 and will be followed by a sister ship in 2029.
With a gross tonnage of 77,000 and a length of 257 metres, SEVEN SEAS PRESTIGE will accommodate approximately 850 passengers in 434 spacious suites, offering one of the highest guest-to-space ratios in the industry.

Northern Ireland-led maritime project explores scalable green methanol fuel for the maritime industry

MAGNOLIA SEAWAYS © Marc Ottini
Maritime Power-to-X, an industry consortium led by Larne-based B9 Energy Storage is exploring how fully scalable green methanol can be used as a zero-emission fuel for the global maritime industry. A patent pending tech solution developed by B9 Energy Storage will allow freight ferries to be powered by scalable green methanol with a carbon capture loop.

Grimaldi adds Patras call to its Trieste-Ambarli ro-ro line

ECO MALTA © Grimaldi Lines
Just over a month after its launch, the Grimaldi Group's Trieste-Ambarli ro-ro route will be enhanced with an intermediate call at the port of Patras. This strategic development will not only establish a direct connection between Greece and Turkey but will also make the connections between these countries and Italy even more extensive and efficient.
The new Trieste-Patras-Ambarli service will become fully operational starting on 23 October and will be operated by the sister vessels ECO MEDITERRANEA and ECO MALTA.

Booking pressure is increasing for Stena Line on the Sweden-Denmark routes

STENA DANICA © Stena Line
Stena Line reports an increase in the number of bookings for the month of September on its regular service between Sweden and Denmark. The company attributes the development to its investments to improve the passenger experience, but also sees a connection to the general recovery of the Swedish economy.
In September, bookings were only five per cent lower overall for the Denmark region in comparison to the same month in 2023. The fact that the booking volume is just below last year's figures, however, must be seen against the background of the fact that 2023 was a record year in terms of the number of bookings on the lines between Sweden and Denmark.
Extension of GALAXY I charter agreement

GALAXY I © Tallink
AS Tallink Grupp and Slaapschepen Public BV, an organisation nominated by Centraal Orgaan Opvang Asielzoekers (COA) in the Netherlands have signed an extension to the charter agreement for the cruise ferry GALAXY I.
The charter agreement was extended by 12 months until October 2025 with the option of extending the agreement at the end of the agreement period by another 6+6 months. GALAXY I has been charted out since September 2022 and is used to provide temporary refugee accommodation in the Netherlands.
New lock in Terneuzen opened

The Nieuwe Sluis in Terneuzen was festively opened by His Majesty King Willem-Alexander and His Majesty King Filip. With the new lock in operation, waiting times will be cut significantly, reducing fuel consumption and CO2 emissions.
Tidal seagoing vessels can now proceed towards Ghent without waiting for high tide, improving efficiency through better use of pilots and tugboats.
The electric ferry TYRFING for Samsølinjen launched

© Cemre Shipyard
Samsølinjen's new electric ferry TYRFING has been launched at the Cemre Shipyard. TYRFING is a sister to NERTHUS, launched at the yard in April this year.
The OSK Design-designed all-electric ferry will be 116.8 metres long, have a capacity for 600 passengers and 188 cars and will serve the Ballen - Kalundborg route in Denmark.
