Industry News

Good News from Greece

Nov 21, 2014

Shippax Information

Riding on the wave of a strong summer, Greece’s Attica Holdings, operator of Blue Star Ferries and Superfast Ferries, has pushed up its profit for the first nine months of 2014. The company's €6.11m net profit for the first three quarters of 2014 is a significant 47% increase on the €4.15m recorded 12 months ago. The company notes that for the nine months of 2014 the revenue increase was registered in the Greek domestic routes, but was offset by a decrease in income in the Adriatic Sea. With Attica in positive territory for the nine months, a €4m boost is set to come in the final quarter from the sale of the BLUE STAR ITHAKI to the Canadian government for €31m.

Stena to Convert Ferry to Methanol

Nov 19, 2014

Lloyd’s List

STENA Line has confirmed it will be converting one of its vessels to run off methanol. The Stena Germanica conversion will cost €22m ($27.6m) and will begin in January 2015. The conversion is in response to the sulphur emission regulations that come into force at the end of this year. All vessels operating in an emission control area will be forced to use fuels that have less than 0.1% sulphur content or use abatement technology to remove the sulphur in the ships’ exhaust to an equivalent level.

Some owners such as DFDS and Finnlines have already said they will mostly use exhaust gas scrubbers to meet the sulphur challenge, while others have begun ordering dual-fuelled vessels capable of running off liquefied natural gas.