European shipowners welcome the agreement on the Basel III rules reached between the European Parliament and the Council yesterday that gives explicit recognition to ship finance. The new rules will allow banks to apply preferential treatment to shipping portfolios on specialised lending when...
2023 Newsletter week 26
Surprise: Seajets submitted a proposal for the acquisition of ANEK Lines
In the last few days, a series of events have been taking place within the Greek Ferry Scene concerning the unexpected Seajets’ proposal for the acquisition of Anek Lines. Greek sources say that Seajets is preparing a counteroffer. See also our news from 22 September 2022:...
SpaceX internet for ferries in Denmark
Molslinjen’s ferries must have internet from the SpaceX project, Starlink. An experiment on the fast ferry EXPRESS 3 on the Kattegat has proven to be able to greatly improve the experience with internet on board the ferry. “Sending land-based internet across the curvature of the earth and out...
https://ferryshippingnews.com/spacex-internet-for-ferries-in-denmark/
Amendment to terms of charter agreement for SUPERSPEED 2
Color Line Transport AS, an indirectly wholly-owned subsidiary of Color Group AS, and Oslo Line AS, a company in which Color Group indirectly holds a 38.6% ownership interest, have signed an amendment agreement to the existing charter agreement for Ro-Pax SUPERSPEED 2. The Vessel is owned by Oslo...
https://ferryshippingnews.com/amendment-to-terms-of-charter-agreement-for-superspeed-2/
Scandlines generated higher revenue and results after car and shopping traffic rebounded in 2022
Scandlines continued to make headway in 2022 as the impact of COVID-19 eased and travel restrictions were lifted early in the year. Traffic volume grew significantly driven by a rebound in leisure and shopping traffic as well as continued strong traction in the freight business. Against this...
Scottish Government: opportunities for a modern and sustainable ferry service
The Net Zero, Energy and Transport Committee’s [what is this?] inquiry into a Modern and Sustainable Ferry Service for Scotland sought to identify the current and evolving needs of ferry users and to consider how services could be better designed to meet those needs. The report discusses the...
Kerkyra Lines’ IONIAN EXPRESS arrived in Greece
On June 22, 2023, Kerkyra Lines’ IONIAN EXPRESS (ex- ASAKAZE No 5) arrived in Greece. The ship left the port of Hakodate (Japan) on May 23. She was purchased from Seikan Ferry in January 2023 and delivered to Kerkyra Lines on March 26, 2023. She has been serving on the Aomori – Hakodate line since...
https://ferryshippingnews.com/kerkyra-lines-ionian-express-arrived-in-greece/
More methanol for Stena Line
Stena Line is taking the next step in its shift to sustainable fuels by converting some of its ferries to methanol with planned launch in 2025. “We see methanol as a strong alternative fuel that will help us delivering on our strategy to decarbonise all our operations and contributing to future...
RoRo AGIOS GEORGIOS enters service on July 3
Creta Cargo Lines’ RoRo AGIOS GEORGIOS (ex-OLYMPUS) is expected to enter service on the Piraeus – Santorini – Heraklion line on July 3, 2023. The Japanese-built ship is still undergoing her refit at Spanopoulos shipyards and she will be the 4th vessel on the Creta Cargo’s fleet. Photo: Kostas...
https://ferryshippingnews.com/roro-agios-georgios-enters-service-on-july-3/
A new Red Funnel Port for Cowes, Isle of Wight
Red Funnel Ferries are proposing to redesign and upgrade the existing sites in East Cowes to build resilience whilst enhancing the overall look of the waterfront. The consultation on the initial plans for Red Funnel Port opened on Monday 26th June and will close on Sunday 23rd July. Following this...
https://ferryshippingnews.com/a-new-red-funnel-port-for-cowes-isle-of-wight/