NEWS 62 - Grimaldi Group
NEWS 62 - Grimaldi Group NEWS 62 - Grimaldi Group
Xxxxxxxxxxx Contents 3 Three new Eurocargoclass vessels deployed in the short sea network 4 Grimaldi Group lays the foundation stone for the new terminal in the Port of Barcelona 6 New services in Finnlines network Wallhamn the 2 nd largest port in Sweden 7 MEX service further enhanced New Grimaldi offices in Benin 8 GM recognises the Group as a 2012 Supplier of the Year 9 News 10 Agents List 11 Schedules - Mediterranean Short Sea Network - Finnlines (Baltic & North Sea) - Atlantic Network - ACL - Euro Med Network G r imaldi NE WS Direttore Responsabile / Editor in Chief Luciano Bosso Progetto grafico /Graphic design Marco Di Lorenzo Pubblicazione trimestrale Quarterly publication Reg. Trib. Napoli n. 5150 del 26/9/2000 Stampa / Print: ROSSI srl - Nola (Napoli) Circulation 35,000 copies Printed on 6 June 2013 GRIMALDI GROUP Via Marchese Campodisola, 13 2 GNEWS80133 NAPOLI (Italy) Grimaldi News can be seen on line on www.grimaldi.napoli.it Editorial Grimaldi defies the crisis with record turnover Consolidated 2012 results for the companies under the Grimaldi Group umbrella make encouraging reading. Last year saw record turnover of just over Euro 2.7 billion, a Euro 200 million improvement on 2011. Net profit was also up from around Euro 100 million in 2011 to Euro 164 million. The Group’s Italian companies put in a particularly impressive performance; they were already doing well before we entered this era of seemingly endless crisis, and they’re still doing well today. Companies outside our home market, such Atlantic Container Line and Malta Motorways of the Sea, also performed satisfactorily. Management teams at Finnlines and Minoan Lines, meanwhile, have put in a good deal of hard work, though more remains to be done. Many Italians believe one’s virtues should be on public display, while one’s sins should remain private. But within our Group we seem to have inadvertently adopted the opposite policy. Grimaldi’s privately owned companies have become paragons of virtue, whereas the Group’s publicly listed companies were probably leveraged a little too highly when the crisis struck. There was not enough focus on profit, and this soon became apparent when market conditions softened. Balance sheet strengthening is now underway at Minoan and Finnlines via capital increases – around Euro 50 million and Euro 28 million respectively. Other measures have also been taken to remove costs. At Minoan, some vessels have been chartered out while at Finnlines, staffing levels in the company’s port business are being reduced by about 100. At both companies we have taken steps to lower fuel costs by investing in efficient design - changing propellers on certain Minoan vessels being just one example. The Finnlines headquarters have moved to a new portside location, enabling the old, more costly building to be handed back to its landlord. Finnlines has signed two sizeable contracts this year; one with a large forest products shipper, and another with a high-end car manufacturer. This summer, Finnlines vessels will be both transporting parts to the production line in Finland and bringing finished cars back out to the market place. Despite the extremely challenging conditions the Group continues to see adequate cash flow, which has paved the way for further investment. We are looking forward to the entry into service of some of the most impressive vessels ever to join the fleet – there are 16 in all under the current investment programme. The deepsea vessels destined for ACL services are twice as efficient in terms of fuel consumption as the ships they will replace, a fact that is sure to trigger better financial results. Where we could move 40 TEU with one tonne of fuel, we will soon be moving 80 TEU. The state-of-the-art vessels built at the Hyundai Mipo Shipyard in South Korea and the roll-on rolloff ships we purchased from Hong Kong-based Pacific Basin all bring welcome extra capacity to our worldwide network spanning North America, South America and West Africa. Recent purchases have all been made on very favourable terms – this is perhaps one of the few upsides to the severe recession with which many of our competitors continue to struggle. When you factor in upgrades to the Antwerp hub in Belgium for the ACL vessels and investment at the Grimaldi new terminal in Barcelona, Spain, you will surely agree that there are plenty of reasons for our customers, partners, staff and financial backers to trust in the future solidity of our Group. And to cap off this good news story we are proud to report that 2013 is also off to an impressive start. The Group as a whole is performing better than is was at this point last year. We plan to continue to defy the crisis.
Fleet Development Three new Eurocargoclass vessels deployed in the short sea network Eurocargo Palermo, EC Roma and EC Sicilia further upgrade the Group’s MoS The Group’s programme of developing its Mediterranean short sea services is once again illustrated by the deployment, last March, of three new modern ro/ro vessels Eurocargo Palermo, Eurocargo Roma and Eurocargo Sicilia. The Eurocargo Palermo, built at the Hyundai Mipo shipyards, has been deployed at the beginning of March in the short sea line linking Livorno to Savona, Barcelona and Valencia, together with the vessel Eurocargo Ravenna. The modern unit, with a length of 200 metres and a gross tonnage of 32,645 metres, is able to transport 3,847 linear metres of rolling cargo, at a service speed of 22 knots. The service, which has a three-times-a-week frequency, offers very convenient transit times for the traffic from the industrial basins of Milan, Turin and the north of Italy with Barcelona, the Catalunya region and the north of Spain. Meanwhile, the Eurocargo Roma and Eurocargo Sicilia entered respectively into the Genoa-Livorno-Palermo and the Ravenna-Brindisi-Catania short sea routes. These two services offer customers of Northern Italy’s industrial triangle an easy access to Sicily, as well as a fast connection between the Upper and the Southern Adriatic coast of Italy. Furthermore, cargo from Switzerland, Germany, Austria and Eastern Europe can enjoy the advantages of these new lines. With the same features as her sistership Eurocargo Palermo, the Eurocargo Roma joined the Eurocargo Brindisi to provide four times a week the Genova-Livorno- Palermo MoS dedicated to the transport of rolling freight. The Eurocargo Sicilia, built by the Odense shipyard, joined her sistership Eurocargo Catania on the three-times-aweek Ravenna-Brindisi-Catania service. Both have a cargo capacity of 250 commercial units, such as trucks, trailers, overgauge vehicles and other types of rolling cargo. The deployment of these new Eurocargo-class vessels is aimed at strengthening and developing an efficient network of connections on the short sea routes, by providing the best service options to the Group’s customers. GNEWS 3
- Page 1: G r imaldi NEWS 62 QUARTERLY PUBLIC
- Page 5 and 6: Savona Livorno Barcelona Porto Torr
- Page 7 and 8: Service Development MEX service fur
- Page 9 and 10: Wind silos on the Adriatic route On
- Page 11 and 12: Loading>Discharging ports Departure
- Page 13 and 14: Atlantic Network Eurocargo Service
- Page 15 and 16: North Europe/West Africa/South Amer
Fleet Development<br />
Three new Eurocargoclass<br />
vessels deployed<br />
in the short sea network<br />
Eurocargo Palermo, EC Roma and EC Sicilia further upgrade the <strong>Group</strong>’s MoS<br />
The <strong>Group</strong>’s programme of developing<br />
its Mediterranean short sea<br />
services is once again illustrated by<br />
the deployment, last March, of three new<br />
modern ro/ro vessels Eurocargo Palermo,<br />
Eurocargo Roma and Eurocargo Sicilia.<br />
The Eurocargo Palermo, built at the Hyundai<br />
Mipo shipyards, has been deployed<br />
at the beginning of March in the short<br />
sea line linking Livorno to Savona, Barcelona<br />
and Valencia, together with the<br />
vessel Eurocargo Ravenna. The modern<br />
unit, with a length of 200 metres and a<br />
gross tonnage of 32,645 metres, is able<br />
to transport 3,847 linear metres of rolling<br />
cargo, at a service speed of 22 knots. The<br />
service, which has a three-times-a-week<br />
frequency, offers very convenient transit<br />
times for the traffic from the industrial<br />
basins of Milan, Turin and the north of<br />
Italy with Barcelona, the Catalunya region<br />
and the north of Spain.<br />
Meanwhile, the Eurocargo Roma and<br />
Eurocargo Sicilia entered respectively<br />
into the Genoa-Livorno-Palermo and<br />
the Ravenna-Brindisi-Catania short sea<br />
routes. These two services offer customers<br />
of Northern Italy’s industrial triangle<br />
an easy access to Sicily, as well as a fast<br />
connection between the Upper and the<br />
Southern Adriatic coast of Italy. Furthermore,<br />
cargo from Switzerland, Germany,<br />
Austria and Eastern Europe can enjoy the<br />
advantages of these new lines.<br />
With the same features as her sistership<br />
Eurocargo Palermo, the Eurocargo Roma<br />
joined the Eurocargo Brindisi to provide<br />
four times a week the Genova-Livorno-<br />
Palermo MoS dedicated to the transport<br />
of rolling freight.<br />
The Eurocargo Sicilia, built by the<br />
Odense shipyard, joined her sistership<br />
Eurocargo Catania on the three-times-aweek<br />
Ravenna-Brindisi-Catania service.<br />
Both have a cargo capacity of 250 commercial<br />
units, such as trucks, trailers,<br />
overgauge vehicles and other types of<br />
rolling cargo.<br />
The deployment of these new Eurocargo-class<br />
vessels is aimed at strengthening<br />
and developing an efficient network<br />
of connections on the short sea routes, by<br />
providing the best service options to the<br />
<strong>Group</strong>’s customers.<br />
G<strong>NEWS</strong><br />
3
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