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Finnish economy downturn could hit Finnlines

Finnlines has reported successful first quarter results. Emanuele Grimaldi, President and CEO (pictured), explained; “The Finnlines Group recorded revenue totalling €157 mill (€124.1 mill in 1Q21) in the first quarter of 2022, an increase of 27%, compared to the same reporting period in the previous [Read more...]

2022-05-14T11:06:14+00:00 May 14th, 2022|Finance|

DFDS’ results in line with outlook

DFDS reported strong revenue growth of 52%, driven by acquisitions, higher freight and passenger volumes. EBITDA increased 9% to DKK822 mill. CEO, Torben Carlsen (pictured), said: “We’re satisfied with DFDS’s Q1 performance, which saw us grow our EBITDA by 9%. “Our freight and passenger businesses [Read more...]

2022-05-14T11:04:25+00:00 May 14th, 2022|Finance|

ICG enjoys increased revenue

On 11th May, the Irish Continental Group (ICG) issued a trading update, which covered carryings for the year-to-date to 7th May, 2022 and financial information for the first four months of 2022. All the figures were unaudited. Consolidated Group revenue for the period was €161.2 [Read more...]

2022-05-14T11:02:59+00:00 May 14th, 2022|Finance|

MSC USA in senior management shake up

MSC Cruises USA has appointed Lynn Torrent as Executive Vice President & CCO. She will lead commercial initiatives across sales, marketing, revenue management and contact centre functions, reporting directly to MSC Cruises USA President, Rubén Rodríguez. Her new role is part of a broader organisational [Read more...]

2022-05-14T10:59:38+00:00 May 14th, 2022|Appointments|

VIKAND to manage Heritage Expeditions’ medical needs

VIKAND—the maritime medical operations and public health provider—has signed a medical management agreement with small ship expedition cruise company, Heritage Expeditions. The company will manage all medical operations on board its new exploration vessel, ’Heritage Adventurer’. Holding records for the most northern and southern Arctic and [Read more...]

2022-05-14T10:57:27+00:00 May 14th, 2022|Safety|

TUI cruise brands on slow recovery road

German-based leisure company TUI, reported that in 2Q22 of its financial year, EBIT loss almost halved to minus €329.9 mill loss, versus 2Q21’s minus €633 mill. This improvement was driven by a strong operational recovery in the second half of the quarter on easing of [Read more...]

2022-05-14T10:54:14+00:00 May 14th, 2022|Finance|