-8% Revenue (NOK 691 million) because of the phasing out of one ferry contract and lower revenue in the Catering segment due to the pandemic. +2% EBITDA (NOK 198 million) EBITDA margin increasing to 29% from 26% The improvement in margin reflects lower operating costs for the electric vessels....
https://ferryshippingnews.com/fjord1-increased-ebitda-margin-in-q1/
The decision to re-open Spain to British tourists, combined with falling Covid cases and rapidly rising vaccination rates in the country, means opening a new Porto route is no longer commercially viable. Brittany Ferries hope and expect Spain to be placed on the UK’s green list at the first review...
https://ferryshippingnews.com/brittany-ferries-will-not-open-a-new-uk-portugal-route-this-summer/
The Godby Shipping Newsletter gives some interesting insights: The roro market reached its peak end 2018 – beginning 2019 and then gradually declined during 2020 and early 2021. On the demand side there was a combination of uncertainty regarding Brexit, a trade conflict between USA and China and...
https://ferryshippingnews.com/godby-shipping-about-the-roro-market/
Following a public tender for the maritime continuity on the Civitavecchia – Arbatax – Cagliari which recently failed to obtain participants, the Italian transport ministry decided to release a call for shipping companies interested at operating the line for a short period of time: from July 1st to...
Last Monday (May 24th), Moby filed a ‘concordato’ proposal for its subsidiary CIN (Tirrenia) as no agreement was found with the main creditor, i.e. the judicial administrators of Tirrenia AS, which is in extraordinary administration. CIN owes EUR 180 million in unsecured debt (deferred payment) for...
https://ferryshippingnews.com/moby-submitted-a-plan-to-save-tirrenia-cin-five-ferries-for-sale/
Cypriot-based Salamis Lines signed an agreement for the purchase of the roro BALTICA from Godby Shipping. The ship is expected to be delivered in Piraeus, 25 July 2021 after the termination of her charter to the Swedish Trans Pro Con. Salamis Lines is also operating her close sisters ALEXO (since...
https://ferryshippingnews.com/salamis-lines-purchased-roro-baltica/