Italian cruise shipbuilder Fincantieri has reported nine month 2023 revenues of €5,383 mill, a rise of 1.3%, compared to the same period in 2022. The increase was mainly driven by the revenue growth of the offshore and specialised vessels business, up by 28.2%, and of [Read more...]
Sweden’s island of Gotland is still popular as a travel destination, despite a slight decrease in the number of travellers, ferry operator Gotlandsbolaget said in its latest financial presentation. The measures implemented to strengthen earnings, with efficiency improvements and adjusted ticket prices, have had a [Read more...]
Danish ferry and logistics company, DFDS, has reported a 1.8% drop in third quarter revenue to DKK7.2 bill but the revenue increased 6.7% when adjusted for ferry bunker surcharges. The adjusted growth was driven by higher ferry revenue and other revenue from logistics acquisitions. The [Read more...]
The Scottish Government is to introduce a levy on cruise ships visiting the country. This will be applied in partnership with local authorities to tackle the twin challenges of reducing the amount of harmful emissions being released and the impact of thousands of tourists on [Read more...]
Norwegian Cruise Line Holdings (NCLH) has met or exceeded guidance for all key metrics in the third quarter, the company reported in its third quarter results. NCLH generated total revenue of $2.5 bill, a record and up 33%, compared to the same period in 2019, [Read more...]
The Finnlines Group has reported revenue totalling €513.2 mill for the first nine months of this year, a decrease of 8%. compared to the same period in the previous year. Shipping and Sea Transport Services generated revenue of €497.1 mill (€539.6 mill) during the period, [Read more...]
For the first nine months of this year, Baltic ferry company, Viking line reported a consolidated sales increase of 2.4% to €379.2 mill (€370.2 mill in 2022), while operating income totalled €52.4 mill (€18.9 mill). During the period, ‘Rosella’ was sold, which had a positive [Read more...]
Tallink Grupp’s 2023 third quarter financial results showed continuing improvement and the positive impact of difficult decisions. In 3Q23, the company carried a total of 1,775,821 passengers, which was 6.2% less than 3Q22 (1,893,603). However, the company operated two vessels less on the routes in 3Q23, [Read more...]
Watson Farley & Williams (WFW) has advised a syndicate of banks, comprising Crédit Agricole Italia, acting as agent bank, Intesa Sanpaolo and BPER Banca, on a loan facility granted to Adria Ferries. Adria, one of the Ieading shipping companies involved in transport between Italy and Albania, [Read more...]
Japanese-based electronics company, BEMAC Corp is to acquire shares in Finland’s The Switch Engineering and its group companies in partnership with Mitsui & Co. As majority shareholder, BEMAC together with Mitsui, has entered into a share purchase agreement to acquire 100% of The Switch [Read more...]