The report finds that ferries emit as much CO2 as 6.6 million cars annually, and that port cities, including Dublin, Barcelona and Naples, experience higher levels of harmful air pollution from ferries than from road traffic.

NatPower Marine, a global developer of maritime charging infrastructure, says the findings point to a tipping point for the industry the barrier to decarbonisation is no longer vessel technology, which is growing rapidly, but the lack of scalable charging infrastructure at ports.

Electric ferry vessels are already operating across full routes in Europe and China, demonstrating that maritime electrification is no longer theoretical, it is happening at scale. China’s latest five-year plan signals a major acceleration, targeting the electrification of ferries and container feeder vessels by 2030. In doing so, it is positioning itself to lead in electric shipping, much as it has in electric vehicles.

This creates a once-in-a-generation opportunity for the UK and EU to co-lead maritime electrification — not only in vessel innovation, but in the infrastructure, services and energy systems that will define the future of the industry.

“Ferries are one of the most viable segments to electrify. The technology is ready and the economics are increasingly favourable what’s missing is infrastructure at scale.” said Stefano D.M. Sommadossi, CEO of NatPower Marine UK

UK and Irish Sea / Channel routes highlight immediate opportunity

The findings are particularly relevant for the UK and Ireland, where high-frequency ferry routes such as Dublin–Holyhead and Belfast–Heysham, and the Channel routes with France, Belgium and the Netherlands, which  are among the most intensively used in Europe.

These routes account for thousands of annual crossings and significant emissions at berth, yet they are also among the most suitable for electrification due to predictable schedules and regular port dwell times.

“Short-sea ferry routes like those across the Irish Sea or the Channel are one of the most practical starting points for maritime decarbonisation,” Sommadossi added. “With the right charging infrastructure in place, emissions reductions can be achieved quickly and at scale.”

Infrastructure — not ambition — is now the constraint

While the T&E report suggests that up to 60% of Europe’s ferry fleet could be electrified by 2035, with many routes already cheaper to operate using battery power, deployment is being held back by limited grid access and insufficient port-side charging capacity.

NatPower Marine is addressing this challenge by developing a global network of fully financed maritime charging infrastructure      combining      shore power, battery storage, and smart grid integration.

In the UK, NatPower Marine is investing over £100 million in partnership with Peel Ports Group to deploy e-ship charging infrastructure across eight major ports, supporting the creation of one of the first green shipping corridors between the UK and Ireland.

This model removes the need for upfront capital investment from vessel operators and enables ports to scale clean energy provision without compromising grid stability.

Turning ports into energy hubs for clean shipping

Ports are at the centre of the maritime energy transition, but selling electric fuel is not their business, in fact the ones which tried are losing money, and are now wanting to pass the risk to operators like NatPower. “Ports do not drill, pipe, refine and sell traditional fuels, they make money with logistic and real estate services instead. Operating electric fuel is our mission.”

With the average age of Europe’s ferry fleet at 26 years, hence the sector is entering a critical renewal cycle and that aligning vessel investment with infrastructure deployment will be essential to avoid locking in emissions for decades.

“The data is clear, the technology is proven, and the economics are immediately viable,” Sommadossi added. “Since there is not enough infrastructure and access to electricity for marine electrification is in competition with higher payers like data centres, the ferry operators that will secure access to electricity will create a competitive advantage in both service and cost, leading to larger market shares and higher profits for them.”

Link to T&E Report https://www.transportenvironment.org/articles/ferry-pollution-worse-than-cars-in-many-european-port-cities

For the UK, this is not a niche transport issue. Around 95% of the country’s trade moves by sea, with the maritime sector contributing over £100 billion to the economy. While ferries represent a smaller share of total shipping by volume, they are among the most operationally intensive and economically critical segments, connecting key trade routes, supporting regional economies, and operating at high frequency in and out of major ports. Their fixed routes, regular schedules and extended time at berth make them one of the most immediate and cost-effective opportunities for decarbonisation, with emissions concentrated where they have the greatest impact on air quality, energy demand and the cost of moving goods.

Across Europe, this is equally not a niche transport issue. Maritime transport underpins the continent’s economy, carrying around 75% of external trade and nearly a third of intra-EU freight, while supporting millions of jobs across ports, logistics and industry. While ferries represent a smaller share of total shipping by volume, they are among the most operationally intensive and socially critical segments, connecting islands and coastal regions, enabling cross-border trade, and operating at high frequency in and out of major port cities. Their fixed routes, predictable schedules and extended time at berth make them one of the most immediate and cost-effective opportunities for decarbonisation — with emissions concentrated in urban port environments where they have the greatest impact on air quality, public health and regional economies. can we back this up with creditable links if challenged

About NatPower Marine

NatPower Marine, part of the NatPower Group, is developing the largest independent network of ship charging facilities to provide clean electricity for propulsion and a cold ironing solution to the global maritime sector. The company develops the essential end-to-end infrastructure required for the decarbonisation of global supply chain routes, providing shore power to support the electrification of ships for propulsion and cold ironing at berth, at anchor, and offshore.

The NatPower Group is a global energy transition developer with approximately 30 GW of natural power projects, operating in the UK, USA, Italy, Kazakhstan, and other countries. The company has an ambitious expansion plan to become the largest and fastest-growing enabler of the global energy transition. NatPower H, a subsidiary of NatPower Group, is currently building the world’s first green hydrogen refuelling station infrastructure for pleasure yachting.

NatPower UK is a sister company of NatPower Marine. NatPower UK has one of the largest clean energy development portfolios in the UK. It will bring over 100 GWh of battery storage online by 2035, integrating large-scale, smart, clean energy generation and distribution with large-scale, intermittent, clean energy demand.

Το άρθρο Ferry emissions outpace cars in major European ports — charging infrastructure gap now the critical bottleneck, says NatPower Marine εμφανίστηκε πρώτα στο Maritimes.

The report finds that ferries emit as much CO2 as 6.6 million cars annually, and that port cities, including Dublin, Barcelona and Naples, experience higher levels of harmful air pollution from ferries than from road traffic.

NatPower Marine, a global developer of maritime charging infrastructure, says the findings point to a tipping point for the industry the barrier to decarbonisation is no longer vessel technology, which is growing rapidly, but the lack of scalable charging infrastructure at ports.

Electric ferry vessels are already operating across full routes in Europe and China, demonstrating that maritime electrification is no longer theoretical, it is happening at scale. China’s latest five-year plan signals a major acceleration, targeting the electrification of ferries and container feeder vessels by 2030. In doing so, it is positioning itself to lead in electric shipping, much as it has in electric vehicles.

This creates a once-in-a-generation opportunity for the UK and EU to co-lead maritime electrification — not only in vessel innovation, but in the infrastructure, services and energy systems that will define the future of the industry.

“Ferries are one of the most viable segments to electrify. The technology is ready and the economics are increasingly favourable what’s missing is infrastructure at scale.” said Stefano D.M. Sommadossi, CEO of NatPower Marine UK

UK and Irish Sea / Channel routes highlight immediate opportunity

The findings are particularly relevant for the UK and Ireland, where high-frequency ferry routes such as Dublin–Holyhead and Belfast–Heysham, and the Channel routes with France, Belgium and the Netherlands, which  are among the most intensively used in Europe.

These routes account for thousands of annual crossings and significant emissions at berth, yet they are also among the most suitable for electrification due to predictable schedules and regular port dwell times.

“Short-sea ferry routes like those across the Irish Sea or the Channel are one of the most practical starting points for maritime decarbonisation,” Sommadossi added. “With the right charging infrastructure in place, emissions reductions can be achieved quickly and at scale.”

Infrastructure — not ambition — is now the constraint

While the T&E report suggests that up to 60% of Europe’s ferry fleet could be electrified by 2035, with many routes already cheaper to operate using battery power, deployment is being held back by limited grid access and insufficient port-side charging capacity.

NatPower Marine is addressing this challenge by developing a global network of fully financed maritime charging infrastructure      combining      shore power, battery storage, and smart grid integration.

In the UK, NatPower Marine is investing over £100 million in partnership with Peel Ports Group to deploy e-ship charging infrastructure across eight major ports, supporting the creation of one of the first green shipping corridors between the UK and Ireland.

This model removes the need for upfront capital investment from vessel operators and enables ports to scale clean energy provision without compromising grid stability.

Turning ports into energy hubs for clean shipping

Ports are at the centre of the maritime energy transition, but selling electric fuel is not their business, in fact the ones which tried are losing money, and are now wanting to pass the risk to operators like NatPower. “Ports do not drill, pipe, refine and sell traditional fuels, they make money with logistic and real estate services instead. Operating electric fuel is our mission.”

With the average age of Europe’s ferry fleet at 26 years, hence the sector is entering a critical renewal cycle and that aligning vessel investment with infrastructure deployment will be essential to avoid locking in emissions for decades.

“The data is clear, the technology is proven, and the economics are immediately viable,” Sommadossi added. “Since there is not enough infrastructure and access to electricity for marine electrification is in competition with higher payers like data centres, the ferry operators that will secure access to electricity will create a competitive advantage in both service and cost, leading to larger market shares and higher profits for them.”

Link to T&E Report https://www.transportenvironment.org/articles/ferry-pollution-worse-than-cars-in-many-european-port-cities

For the UK, this is not a niche transport issue. Around 95% of the country’s trade moves by sea, with the maritime sector contributing over £100 billion to the economy. While ferries represent a smaller share of total shipping by volume, they are among the most operationally intensive and economically critical segments, connecting key trade routes, supporting regional economies, and operating at high frequency in and out of major ports. Their fixed routes, regular schedules and extended time at berth make them one of the most immediate and cost-effective opportunities for decarbonisation, with emissions concentrated where they have the greatest impact on air quality, energy demand and the cost of moving goods.

Across Europe, this is equally not a niche transport issue. Maritime transport underpins the continent’s economy, carrying around 75% of external trade and nearly a third of intra-EU freight, while supporting millions of jobs across ports, logistics and industry. While ferries represent a smaller share of total shipping by volume, they are among the most operationally intensive and socially critical segments, connecting islands and coastal regions, enabling cross-border trade, and operating at high frequency in and out of major port cities. Their fixed routes, predictable schedules and extended time at berth make them one of the most immediate and cost-effective opportunities for decarbonisation — with emissions concentrated in urban port environments where they have the greatest impact on air quality, public health and regional economies. can we back this up with creditable links if challenged

About NatPower Marine

NatPower Marine, part of the NatPower Group, is developing the largest independent network of ship charging facilities to provide clean electricity for propulsion and a cold ironing solution to the global maritime sector. The company develops the essential end-to-end infrastructure required for the decarbonisation of global supply chain routes, providing shore power to support the electrification of ships for propulsion and cold ironing at berth, at anchor, and offshore.

The NatPower Group is a global energy transition developer with approximately 30 GW of natural power projects, operating in the UK, USA, Italy, Kazakhstan, and other countries. The company has an ambitious expansion plan to become the largest and fastest-growing enabler of the global energy transition. NatPower H, a subsidiary of NatPower Group, is currently building the world’s first green hydrogen refuelling station infrastructure for pleasure yachting.

NatPower UK is a sister company of NatPower Marine. NatPower UK has one of the largest clean energy development portfolios in the UK. It will bring over 100 GWh of battery storage online by 2035, integrating large-scale, smart, clean energy generation and distribution with large-scale, intermittent, clean energy demand.

Το άρθρο Ferry emissions outpace cars in major European ports — charging infrastructure gap now the critical bottleneck, says NatPower Marine εμφανίστηκε πρώτα στο Maritimes.

Lloyd’s Register (LR) has signed a new contract with long-standing partner Echo Marine Group to support the delivery of Western Australia’s first fully electric passenger ferries – marking a major milestone for sustainable public transport in Australia.

The project, which is a part of the Perth Transport Authority’s (PTA) METRONET Swan River Ferry Service Expansion programme, will see the design and construction of five new battery-electric ferries for operation on Perth’s Swan River. LR will provide classification and technical assurance services throughout the design and build, supporting the safe introduction of this new generation of zero-emission vessels.

Building on an established working relationship, LR and Echo Marine Group are collaborating closely to bring first-of-its-kind electric propulsion technology into public transport service in Australia. The programme sets a new benchmark for zero-emission ferry design and construction in the region.

As one of the first fully electric ferry fleets in Australia, the project presents unique technical and regulatory considerations, including high-voltage battery integration, evolving standards and the safe deployment of new propulsion systems in a public transport environment. LR’s early involvement helped define a clear approval pathway, ensuring that technical decisions were validated from the outset and aligned with emerging requirements for electric vessels.

An initial first step of LR’s role has been proactive technical engagement. Through structured workshops, and regular stakeholder sessions, supported by LR’s global Technical Support Office.

Drawing on its global experience across electric and hybrid vessel projects, LR has also shared international reference cases and practical insights to benchmark the design against proven solutions. This has provided additional confidence in critical areas such as battery safety systems, system integration and operational performance.

In Perth, LR’s local surveyor team is working alongside Echo Marine throughout construction, providing on-site oversight during installation of the electric propulsion systems, high-voltage cabling and associated safety systems. The combination of strong on-the-ground presence and global technical depth ensures seamless assurance from concept to commissioning.

Asif Ghauri, Account Manager, Marine – Australasia, Lloyd’s Register, said: “The strength of our long-standing relationship with Echo Marine Group has enabled us to move forward with confidence on this pioneering project. By combining local insight knowledge with regional and global expertise, we are providing end-to-end assurance that supports safety, compliance and innovation.”

Anthony Livanos, Project Manager, Echo Marine Group said: “Our collaboration with Lloyd’s Register has been instrumental in reducing uncertainty around regulatory interpretation and safeguarding passenger safety, vessel efficiency, and delivery timelines. As governments across Australia and New Zealand accelerate decarbonisation efforts, this project showcases how close cooperation between owner, builder and class can successfully bring new technology into service.”

The programme is expected to provide a scalable model for future low-emission ferry developments across the region, with the first of the new electric vessels scheduled to enter service in 2027.

Lloyd’s Register’s Fuel for Thought: Electric explores the role of electric power and electrification as part of the maritime industry’s transition to lower‑ and zero‑emission operations. It examines how electric propulsion systems can deliver improved energy efficiency, reduced emissions and lower noise and vibration for certain vessel types and operating profiles. The research helps shipowners and designers understand where electrification is most technically and commercially viable today, and how it can be safely integrated into future vessel designs.

About Lloyd’s Register             

Trusted maritime and energy sector advisors, partnering with clients to drive performance across the ocean economy.  

Lloyd’s Register (LR) is a global professional services group specialising in marine and offshore engineering, technology and digital solutions. We were created more than 260 years ago as the world’s first marine classification society to improve and set standards for the safety of ships.  

Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.  

We also provide advisory services and digital solutions, supporting fleet and voyage performance and optimisation.   

Through OneOcean, LR delivers integrated digital solutions supporting voyage planning, optimisation, compliance, training and fleet performance across more than 30,000 vessels globally. 

In the race to zero emissions, our research, advisory and technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.  

Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.  

For more information, go to www.lr.org          

About Echo Marine

Echo Marine Group is a Western Australian owned and operated shipbuilder based at the Australian Marine Complex in Henderson. Specialising in the design, construction and maintenance of full-custom commercial and specialist vessels, the company delivers innovative, high-quality maritime solutions for government, commercial, and private buyers. Echo Marine Group are proud to be designing and manufacturing the Public Transport Authority’s new 100% battery-electric ferry fleet for Perth, supporting sustainable transport, advanced local manufacturing, highly skilled jobs, and apprentice training in Western Australia.

Το άρθρο Lloyd’s Register strengthens partnership with Echo Marine Group to deliver Western Australia’s first electric ferry fleet εμφανίστηκε πρώτα στο Maritimes.

The New Major Vessels have been designed to minimize emissions and underwater radiated noise (URN), with the goal of contributing to quieter and cleaner operations in the Strait of Georgia

ABB will supply a complete package of power, propulsion and control technology for four new double-ended passenger and car ferries operated by British Columbia Ferry Services (BC Ferries). One of the largest ferry operators in the world, BC Ferries provides year-round vehicle and passenger service on 25 routes to 47 terminals, carrying approximately 9.7 million vehicles and 22.7 million passengers annually1. Demand on the ferry system is expected to increase as the province’s population is forecast to grow 44 percent2  by 2046.

The hybrid-electric ferries, which will replace four end-of-life vessels, are part of the BC Ferries’ ‘New Major Vessels’ program, aimed at delivering safe, environmentally sustainable and reliable operations in and around the Strait of Georgia, the body of water separating Vancouver Island from the Lower Mainland of British Columbia. The order was booked in the fourth quarter of 2025. Financial details were not disclosed.

Scheduled for delivery beginning in 2029 from China Merchants Industry Weihai (CMI Weihai) Shipyard, the vessels will be equipped with ABB’s gearless, steerable Azipod® electric propulsion. The system offers proven reliability thanks to significantly fewer moving parts than mechanical thrusters, while the special propeller design helps reduce underwater radiated noise (URN). This helps safeguard at-risk species, such as the Southern Resident killer whale, and preserve one of the world’s most biologically rich marine ecosystems3.

ABB’s Onboard DC Grid power distribution system will serve as the backbone for efficient energy flow, minimizing conversion losses and enabling higher overall system efficiency and lower emissions than comparable propulsion arrangements.

Each ferry will be equipped to accommodate up to 70 megawatt-hours (MWh) of battery energy storage. This enables efficient hybrid operations today and supports a future shift to fully electric, zero-emission service. The hybrid configuration uses biofuel or renewable diesel and continuously balances energy between generators and batteries. Each vessel can also connect to a high-capacity shore charging system rated above 60 megawatts (MW) for full electric operation. This system is more than 100 times more powerful than the fastest public electric vehicle charging stations in North America, which typically deliver up to 500 kilowatts (kW) per plug. This high-capacity charging supports fast turnaround in port and enables the transition to zero-emission operations.

ABB’s digital solutions will give crews a clear overview of ship operations and support safe, efficient journeys. These digital technologies are intended to help BC Ferries deliver an improved travel experience for passengers while reducing environmental impact.

“BC Ferries’ New Major Vessels represent the largest capital investment in our history and are essential to renewing our fleet, increasing capacity on our busiest routes, and strengthening system resilience,” said Nicolas Jimenez, President & CEO, BC Ferries. “Their design reflects what our customers value most: comfort, accessibility and environmental stewardship. With diesel-battery hybrid technology that can operate on bio and renewable diesel today and transition to full electrification as infrastructure evolves, these ships are a critical part of building a cleaner, quieter, and more reliable ferry system for the future.”

“We proudly support BC Ferries’ goals to reduce greenhouse gas emissions from their operations, striving to meet British Columbia’s 2030 greenhouse gas emissions reduction target for the transportation sector4 by at least 27 percent by 2030, from 2008 levels, in support of a cleaner future for British Columbia, and its ambitions to transition to all-electric operation,” said Rune Braastad, President, ABB’s Marine & Ports division. “ABB’s deep roots in Canada make it possible to support generational infrastructure projects like the New Major Vessels.”

Το άρθρο ABB chosen to supply technology for BC Ferries’ New Major Vessels εμφανίστηκε πρώτα στο Maritimes.

The order was booked to MacGregor’s third quarter 2025 orders received.

This order is the result of a collaborative approach with all project stakeholders, ensuring the delivery of solutions that perfectly meet the specific requirements of the vessels and the customer. The order includes two different vessel designs:

Three ships for Finnlines, with a capacity of 5,400 lane meters and 1,000 passengers, destined for the Baltic Sea.

Six ships (four for Grimaldi Euromed and two for Minoan Lines), with a capacity of 3,300 lane meters and 2,500 passengers, for the Mediterranean and Adriatic Sea networks.

“This is a fantastic achievement that reinforces our commitment to our customers,” says Magnus Sjöberg, Executive Vice President, Merchant Solutions Division, MacGregor. “By collaborating closely with the owner and our key partners, we were able to demonstrate our ability to deliver the right solutions to meet their specific

MacGregor enables sustainable global maritime and offshore operations by maximising efficiency in cargo and load handling. With decades of experience, a global presence, and a strong portfolio of innovative technologies and services, MacGregor creates lifetime value to its customers.

Το άρθρο MacGregor secured order for nine new RoPax vessels for Finnlines, Grimaldi and Minoan Lines εμφανίστηκε πρώτα στο Maritimes.

Modernization of drive technology secures smooth and reliable operations of passenger ferry M/S Suomenlinna II for years to come

2004-built ferry connecting the UNESCO World Heritage Site to mainland is an integral part of Helsinki public transport system

Module-based retrofit provides a circular alternative to full system replacement, while minimizing impact on ferry’s operating schedule

The passenger ferry M/S Suomenlinna II has become the first ship to be retrofitted with ABB’s new-generation ACS880LC drive. The new-generation drive technology will significantly enhance vessel efficiency and help to secure smooth and reliable operations for many years to come.

As one of three ferries operated by Helsinki City Transport subsidiary Suomenlinnan Liikenne Oy, the 33.8-meter-long Suomenlinna II serves the Market Square – Suomenlinna route year-round. An integral part of the Helsinki public transport system, the 395-passenger capacity ferry makes multiple daily crossings between the city and the Suomenlinna sea fortress. Located on the coast of Helsinki, the fortress is a UNESCO World Heritage Site, a popular tourist attraction and a district with around 850 inhabitants.

Built in 2004, the 329-gross-ton vessel was equipped with an ACS600 drive system, which had become obsolete. However, its existing cabinets, busbars, and cables were suitable for repurposing, therefore helping to preserve resources. Instead of replacing the full system, ABB delivered a module-based retrofit, only replacing components as necessary. This transitioned the outdated onboard drives to ACS880LC with minimal impact on the ferry’s operating schedule. ABB will also supply the ferry with service support throughout the product lifecycle.

“ABB’s ability to provide a module-based retrofit as opposed to a full system replacement was a key factor for us in selecting a partner for this modernization project,” said Petri Öhrmark, Managing Director, Suomenlinnan Liikenne Oy. “Thanks to this upgrade, it can continue providing reliable, high efficiency services to residents, as well as tourists visiting the heritage site, for years to come.”

“We were proud to be chosen as partner to modernize the propulsion drives and propulsion control system for M/S Suomenlinna II,” said Ilmari Ackley, Head of Sales, Marine Service & Digital, Finland, ABB Marine & Ports. “We were happy to see the project delivered smoothly and as planned, which is particularly critical for a ferry that hundreds of passengers rely on every day. The module-based retrofit, replacing components only as necessary, shows one way our customers can improve the circularity of their operations – while ensuring a smooth and efficient upgrade to the latest technology.”

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB’s Process Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs – from supplying energy, water and materials, to producing goods and transporting them to market. With its ~20,000 employees, leading technology and service expertise, ABB Process Automation helps process, hybrid and maritime industries outrun – leaner and cleaner. go.abb/processautomation  

Το άρθρο ABB extends lifespan of Helsinki ferry by retrofitting propulsion drive εμφανίστηκε πρώτα στο Maritimes.

The transaction was concluded for a total consideration of USD 3.6 million, strengthening the Group’s cash position, and generated a profit of EUR 0.2 million.

Το άρθρο Sale of the Ro-Pax vessel Kriti II for environmentally friendly recycling εμφανίστηκε πρώτα στο Maritimes.

·         Group Revenue reached € 593.4mln in the 9-month period of 2024 (compared to € 465.6mln in the 9-month period of 2023).

·         Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) stood at € 93.5mln (compared to EBITDA of €121.3mln in the 9-month period of 2023).

·         The results for the 9-month period bear non-recurring expenses of € 18.5mln associated with the merger and operational integration of ANEK.

·         Continuing implementation of the Group’s investment plan for fleet renewal, environmental transition as well as further digitization of its operations, with an outflow of €145.1mln during the 9-month period of 2024.

Attica Holdings S.A. (the ‘Company’) announces its results for the 9-month period 2024, incorporating for the first time the business operation of ANEK LINES S.A. and its subsidiaries (‘ANEK’) for the entire 9-month reporting period, following the completion of its merger by absorption on December 4, 2023.

In the 9-month period of 2024, the Group’s revenue increased across both geographic segments (in Greek domestic and international routes). Overall, compared to the 9-month period of 2023, the consolidated revenue rose by 27.4% in the 9-month period of 2024, reaching €593.4mln up from €465.6mln, mainly due to the incorporation of ANEK.

The consolidated Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) amounted to € 93.5mln, compared to € 121.3mln in the 9-month period of 2023, while the consolidated earnings after tax amounted to € 45.3mln, compared to earnings of € 59.9mln in the 9-month period of 2023.

It should be noted that the results for the 9-month period and for the fiscal year 2024 overall, bear non-recurring expenses of a total amount of €18.5mln related to the merger and operational integration of ANEK, including costs associated with the voluntary termination of services plan, the fleet upgrading, the training and integration of crew and onshore personnel, as well as other merger-related costs. In addition, the Group’s operating cost was affected by the emission allowances purchase cost of € 14.1mln, in compliance with the European Union Emissions Trading System requirement which came into effect on January 1, 2024.

The Group’s debt decreased from €588.5mln on December 31,2023 to €578.2mln on September 30, 2024, while unutilized credit lines amounted to € 34mln. Cash and cash equivalents as of September 30, 2024, amounted to € 42.3mln down from €103.4mln as of December 31, 2023, primarily due to the implementation of the Group’s extensive investment plan. The Group recorded total investment cash outflows of €145.1mln during the 9-month reporting period, including the advance payment for the long-term charter with a purchase option of two E-Flexer vessels, currently under construction, the acquisition of the Ro-Pax high-speed vessel «High Speed 3» (ex. Thunder), the exercise of the purchase option regarding the Ro-Pax vessels KISSAMOS and KYDON, the acquisition of the new hotel complex in Naxos, the renovation of the hotel in Tinos, extensive digitization projects, as well as environmental upgrades and maintenance of the Group’s vessels.

OPERATING MARKETS & TRAFFIC VOLUMES

The Group’s fleet numbers 43 vessels, sailing under the trademarks “Superfast Ferries”, “Blue Star Ferries”, “Hellenic Seaways” and “Anek Lines”, of which twenty-eight (28) are conventional Ro-Pax vessels, thirteen (13) are highspeed vessels and two (2) are Ro-Ro carriers. All vessels are fully owned by the Group, except for two (2) Ro-Pax vessels which are chartered.

During the 9-month period of 2024, the Group’s vessels operated on Greek domestic routes (Cyclades, Dodecanese, Crete, North-East Aegean, Saronic Gulf and Sporades) and on the international Greece-Italy route (Ancona, Bari, Venice).

The Group’s traffic volumes increased compared to the 9-month period of 2023. More specifically, in the 9-month period of 2024, the Group vessels transported 6.1mln passengers (5.4mln passengers in the 9-month period of 2023- increase of 12.2%), 1.1mln private vehicles (853 thousand private vehicles in the 9-month period of 2023-increase of 25.3%) and 407 thousand freight units (319 thousand freight units in the 9-month period of 2023-increase of 27.4%). The number of sailings for the 9-month period of 2024 reached 14,411 (13,412 in the 9-month period of 2023-increase of 7.4%).

The Company intends to hold a presentation for the international investment community in London in January 2025.

The Financial Statements of the Company and the Group for the period 1.1-30.9.2024 will be posted on the website of the Athens Exchange (www.athexgroup.gr) and the Company (www.attica-group.com) the 2nd of December, 2024.

Το άρθρο Attica Group:Financial results for the nine-month period 2024 εμφανίστηκε πρώτα στο Maritimes.

The vessels named “Vittorio Morace” and “Cristina M” are now ready to serve Liberty Lines’ routes between Sicily and the surrounding islands in Italy. The modern vessels can accommodate up to 251 passengers, ensuring safety and comfort. The main deck provides seating for 166 passengers, five bathrooms, and a kiosk/bar located amidship. The upper deck has additional seating for 85 passengers and two more toilets. Both passenger cabins offer ample luggage storage, including large luggage racks and overhead bins.

The ships can operate in different modes based on requirements: in purely electric mode, they can enter and exit ports quietly with zero emissions; in hybrid mode, the combustion engines enable high-speed travel across the sea while simultaneously recharging the batteries and supplying electrical power onboard.

Commenting on the new fleet, Chief Executive Officer at Liberty Lines Gennaro Carlo Cotella, said: “With this project, we are making a sustainable investment in the renewal of our fleet, with the purpose to continue to offer high-quality services to our stakeholders and minimise environmental impact in order to achieve an emission-free future.”

Philippe Gorse, Director Mission Critical E/E Hardware at Rolls-Royce Power Systems said: “After careful selection, testing and integration of the EST-Floattech battery system into the mtu Hybrid PropulsionPack it is great to see that the battery system is performing very well.”

Walter van der Pennen, Commercial director at EST-Floattech stated: “We are proud to be selected by Rolls-Royce for their hybrid project for Liberty Lines. Based on our strong cooperation and extensive upfront testing the project went smooth and the vessel is performing accordingly.

“Vittorio Morace” and ”Cristina M” will begin operating to the smaller Sicilian islands during the summer season. The remaining vessels in the fleet are expected to be delivered between 2024 and 2029.”

About EST-Floattech

EST-Floattech is specialized in developing, delivering and installing reliable, sustainable and safe battery systems for maritime and other applications. The in-house developed Battery Management System software is integrated to assure safe delivery and charging of power. Projects with vessels sailing over a decade with our batteries have demonstrated the feasibility and reliability of EST-Floattech battery technology.

About Rolls-Royce

The product portfolio of the Rolls-Royce division Power Systems includes mtu-brand high-speed engines and propulsion systems for ships, heavy land, rail and defence vehicles and for the oil and gas industry. The portfolio also includes diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids. With its climate friendly technologies, Rolls-Royce Power Systems is helping to drive the energy transition.

Το άρθρο EST-Floattech has delivered their Green Orca battery system to Rolls-Royce εμφανίστηκε πρώτα στο Maritimes.

Thunder was built in 1998, fully refurbished in 2021 and has an overall length of 86.6 meters, width of 24 meters, and carrying capacity of 1,068 passengers and 215 private vehicles.

Το άρθρο Attica: Acquisition of a Ro-Pax highspeed vessel εμφανίστηκε πρώτα στο Maritimes.