Finance

Carnival Corp has reported a US GAAP net loss of $2.8 bill and adjusted net loss of $2 bill for the third quarter of 2021. The quarter ended with $7.8 bill of liquidity, which the company believed was [Read more...]

CMA CGM is to invest €25 mill in Brittany Ferries, which includes €10 mill in quasi-equity. Brittany Ferries is the largest ferry company operating under the French flag, while CMA CGM is a major player in shipping and [Read more...]

KiwiRail is to be the recipient of the world’s first shipping loan to be certified by the Climate Bond Initiative (CBI), the company claimed. The $350 mill loan facility will be used to finance the purchase of the [Read more...]

Marfin Investment’s subsidiary, the large Greek ferry operator Attica Group, has reported consolidated revenue of €122.19 mill for the first half of this year, compared to €117 mill for 1H20. An EBITDA loss of €4.38 mill, compares to [Read more...]

Norwegian export credit agency Eksfin (formerly Export Credit Norway and GIEK) has provided loan guarantees of nearly €1 bill for the construction of 35 eco-friendly vessels over the last four years. This included PONANT’s ‘Le Commandant Charcot’, which [Read more...]

Mitsui OSK Lines (MOL) has concluded a syndicated transition loan for two LNG-fuelled ferries - ’Sunflower Kurenai’ and ‘Sunflower Murasaki’. The Development Bank of Japan (DBJ) and Sumitomo Mitsui Trust Bank (SMTB) served as the arrangers and Sumitomo [Read more...]

Among the many passenger ship grant recipients listed on the US Coronavirus Economic Relief for Transportation Services Act (CERTS) website was American Cruise Lines, which received $42.7 mill. Other companies to benefit included Lindblad Expeditions, which received $21 [Read more...]

DFDS reported a revenue increase of DKK1.4 bill or 51% to DKK4.2 bill in the second quarter of this year, compared with 2Q20. This growth was driven almost entirely by the freight activities, i.e. freight ferry and logistics, [Read more...]

Viking Line has recorded a consolidated sales decrease of 26.7% to €71.5 mill for the first half of this year, compared with €97.5 mill for the same period the year before. Operating income totalled €4.5 mill, compared with [Read more...]

Irish Continental Group plc (ICG), the Irish-based maritime transport group, which includes Irish Ferries, reported that Group revenue generated in the first half of this year totalled €141.6 mill, €10.8 mill more than 1H20. However, EBIT generated was [Read more...]