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Passenger Transport Operator News

12 Apr 2021

Astilleros Gondán Orders ABB Package for 10 Electric Ferries

Credit: Astilleros Gondán

Spanish shipbuilder Astilleros Gondán has tapped ABB to supply all-electric power solutions for ten fast 40-meter urban passenger ferries transporting up to 540 passengers each across Lisbon’s Tagus river.The contract comes a week after Astilleros Gondan said it would start building a series of 10 fully electric passenger ferries for the Portuguese river passenger transport operator Transtejo.The ten new ferries will replace the existing fleet serving this route when they enter service between 2022 and 2024.In addition to energy storage…

05 Apr 2021

GONDAN Building 10 Electric Ferries for Transtejo

(Image: Gondan)

Spanish shipbuilder Astilleros GONDAN said it is gearing up to start building a series of 10 fully electric passenger ferries  for the Portuguese river passenger transport operator Transtejo – Transportes Tejo, S.A.The 40-meter-long ferries are designed based on a catamaran-type hull form specifically optimized to make the most of the almost 2MWh of electrical energy stored in its batteries, with silent operation and no CO2 emissions. With a capacity of around 540 passengers,…

07 May 2002

Sea Containers to Increase Its Shareholding in Silja

Sea Containers Ltd., passenger transport operator, marine container lessor and leisure industry investor, announced today that various Finnish and Swedish leading companies had exercised their option to require Sea Containers to purchase 26 percent of the shares of Silja Oyj Abp at $36 million. This will bring Sea Containers' shareholding to 76 percent of Silja. Completion of the purchase is required by June 20, 2002. Sea Containers intends to acquire the balance of Silja's shares by tender offer to the remaining shareholders for cash or common shares in Sea Containers. Lazard AB, Stockholm has been engaged to advise the company on these transactions.

15 May 2002

Sea Containers Announces First Quarter Results

Sea Containers Ltd., passenger transport operator, marine container lessor and leisure industry investor, announced its results for the first quarter ended March 31, 2002. Net loss for the period was $6 million compared with a net profit of $0.9 million in the first quarter of 2001. The prior year period benefited from a $15.2 million gain on the sale of port assets. Revenue for the first quarter of 2002 was $272 million compared with $291 million in the prior year period. The prior year's revenue included the gain on sale of port assets. The first quarter is the seasonally worst period of the year with many ferry services suspended, hotels closed for the winter and container demand at its lowest ebb due to factory closings and lower consumer demand following the Christmas season.

03 Jul 2002

Sea Containers Acquires Part of Silja

Sea Containers Ltd. passenger transport operator, marine container lessor and leisure industry investor, today announced that it has increased its shareholding in Silja Oyj Abp from 50 percent to 75.32 percent effective June 20, 2002 through the issue of 2,474,196 Sea Containers Class A common shares in payment for the Silja shares acquired. The increase in share capital is expected to be anti-dilutive. On June 25, 2002 a Sea Containers subsidiary, Silja Holdings Ltd., announced that it had launched a tender offer for the remaining shares in Silja Oyj Abp as well as for Silja’s outstanding Convertible Bonds which have a par value of Euro 55.5 million. The offer is Euro 2.25 for each common share and 92.4% of the par value of the bonds.

31 Jul 2002

Sea Containers Hoverspeed Subsidiary Wins High Court Action

Sea Containers Ltd., passenger transport operator, marine container lessor and leisure industry investor announced today that its subsidiary Hoverspeed Ltd. operator of fast ferry services on the English Channel, has been successful in its legal challenge of UK Customs and Excise procedures. HM Customs and Excise have been checking and detaining Hoverspeed passengers and seizing their goods and the vehicles in which they travelled. The High Court ruled today that the Customs' policy currently in place could be regarded as a "disproportionate executive policy" and Hoverspeed won on all points. President of Sea Containers Ltd., Mr. James B. Sherwood said the implications of the judgement are very far reaching. "No longer will HM Customs and Excise be entitled to stop passengers at random.

07 Aug 2002

Sea Containers Acquires 92 Percent of Silja

Sea Containers Ltd. passenger transport operator, marine container lessor and leisure industry investor, announced that its wholly-owned subsidiary, Silja Holdings Ltd., had received acceptances of its tender offer to acquire all the outstanding common stock of Silja Oyj Abp, bringing its total shareholding in Silja to 92 percent. The significance of the 90 percent threshold is that Silja Holdings may now compulsorily acquire all the remaining shares in Silja in accordance with Finnish law. Sea Containers shareholding in Silja was increased to 75% in the second quarter of 2002 which will result in consolidation of Silja's assets and liabilities with those of Sea Containers at June 30th.