Finance

Nidec ASI is the parent company of the two consortia that won the contract for electrification of the quays of the passenger ports of Genoa and Savona: two projects with a total value of around €26 million, for [Read more...]

In the third quarter of this year, Tallink Grupp and its subsidiaries carried 1, 893, 603 pax, a rise of 65.5% on the third quarter of last year’s figures. The number of cargo units transported increased by 13.1%. Tallink’s [Read more...]

Carnival Corp’s subsidiary, Carnival Holdings (Bermuda) Limited has priced the private offering of $2.03 bill aggregate principal amount of 10.375% Senior Priority Notes, due 2028. The total amount of senior priority notes to be issued was increased to $2.03 bill from $1.25 bill recently, due to [Read more...]

Carnival Corp reported a US GAAP net loss of $770 mill and an adjusted net loss of $688 mill for the third quarter of 2022. However, adjusted EBITDA turned positive for the first time since the resumption of cruising at over $300 mill, marking [Read more...]

ANEK lines, the subject of a takeover by Attica, reported an increase in group turnover to €74.2 mill for the first half of this year, compare with €58.2 mill for 1H21. However, costs increased to €81.8 mill, versus [Read more...]

Greek ferry company Attica Holdings is to takeover rival ferry company ANEK. Attica’s largest creditors and ANEK shareholders representing 57.7% of the total share capital have agreed to the deal. The exchange will consist of one common or [Read more...]

Royal Caribbean has commenced a private offering of senior guaranteed notes, due 2029. The aggregate principal amount will be $1 bill and a concurrent private offering of senior secured notes, due 2029 and, collectively with the senior guaranteed notes, for [Read more...]

Havila Kystruten has signed term sheets with lenders to refinance its fleet. In addition, the company revealed dates for the deliveries of the the latest ships, ‘Havila Polaris’ and ‘Havila Pollux’. The new finance totals €370 mill and [Read more...]

Finnish ferry company, Viking Line has reported strong sales amounting to €199.8 mill for the first half of this year, compared to €71.5 mill for 1H21. However, 1H22 income after taxes was a negative €9.8 mill, compared with [Read more...]

Irish Ferries’ owner, Irish Continental Group (ICG) reported a major improvement in revenue for the first half of this year. Revenue was €263.1 mill, a rise of 85.8% over the previous year’s revenue. EBITDA was up by 272.4% [Read more...]