SHIPPAX MARKET20 The 2019 Ferry, Cruise, Ro-Ro and High-Speed Year in Review with Analyses and Statistics 22 YEARS 1998 - 2020PHOTO: GEORGE GIANNAKISPUBLISHED BY: Shippax PO Box 7067 SE-300 07 HALMSTAD Sweden Tel: +46-35 218370 Fax: +46-35 130129 info@shippax.se www.shippax.com Published annually since 1998. Shippax AB also produces Shippax Guide, Shippax Designs (annually), Shippax Info (monthly) and Shippax Database (online). PRICE: SEK 2,695 – EUR 260 – USD 290 Airmail postage will be added. Fixed price in SEK. Rates of exchange may vary. SUBSCRIPTION: subscription@shippax.se If you have ordered this copy of SHIPPAX MARKET20 directly from the publisher, a copy of SHIPPAX MARKET21 will be automati- cally sent to you on the assumption that you will not want to miss out on the important industry information and our expert analyses. Should you decide not to continue with the subscription, please let us know in advance so that we may remove you from our list of subscribers. PUBLISHER: Elizabeth Mandersson elizabeth@shippax.se EDITOR-IN-CHIEF: Philippe Holthof philippe.holthof@shippax.se ADVERTISING: advertising@shippax.se PRODUCTION MANAGER & ASSISTANT EDITOR: Marko Stampehl marko@shippax.se PRINTED AND BOUND BY: DanagårdLiTHO AB, Ödeshög, Sweden FRONTCOVER PHOTO: George Giannakis • Contributing authors do not necessarily reflec the opinions of the editors. • Information believed to be correct but cannot be guaranteed. • No reprint or further distribution without written permission by Shippax. © Shippax AB, Halmstad, Sweden SHIPPAX MARKET is owned by Shippax AB, reg.no. 556937-9414 ISSN: 1403-3305 SHIPPAX GUIDE The register. With theme articles. SHIPPAX MARKET Market reports & outlook. Traffic statistics. SHIPPAX DESIGNS New prototypes. With theme articles. SHIPPAX MARKETUpfront The seed of what is known as ‘Shippax’ today, was planted in 1965 when Scan- dinavian ferry operators started to share their traffic statistics in a confidential newsletter. In those days, passengers and their cars were ferry operators’ bread and butter. Although passengers and passenger expenditure remain an essential revenue source today, it is primarily freight that generates the bulk of the income for the majority of the international ferry opera- tors who cannot rely on duty-free sales. The COVID-19 crisis has illustrated that ferries are a vital part in the transport chain, keeping food and medicines moving. It’s a message which ferry operators were all too happy to spread (to the politicians and the public at large), using the ‘every shipment counts’ slogan. The ferry indus- try should be proud indeed of its achieve- ments during these challenging COVID-19 times, often operating at a loss as pas- senger transport on many routes virtually came to a standstill. The importance of the ferry indus- try, including dedicated short-sea ro-ro services, is something not to be underes- timated. Especially in Europe and Japan, which suffer from a truck driver short- age, Motorways of the Seas (MoS) have become a popular alternative to congested and more pollutant land motorways. This modal shift from land to sea is something to be encouraged, but ferry operators seem to keep their cards close to their chests when it comes to communicating the number of trailers and other cargo trans- port units that they carry on their MoS. It is understandable that operators are hesitant to share commercially sensitive information but how then to expect that politicians and decision makers will better understand our industry when there are no essential data at hand? – after all, data means power! And this is where Shippax- Market comes into the picture. We have been collecting traffic statistics since our inception, and are keeping doing so 55 years on. Although this is something truly unique, we must admit that collecting traf- fic statistics has become very challenging. The COVID-19 crisis didn’t improve mat- ters as the lockdowns meant late reactions from our contact persons with statistics coming in at snail’s pace. One of the purposes of this publication is to show decision makers the scope of the ferry and cruise industries. We are grateful to those companies that keep supporting us with detailed statistics. For the opera- tors who are still hesitant, it would be very helpful if you would send us aggregated figures. ‘Stronger Together’ is Interferry’s strategy, something I can only endorse as it also applies in a reference work like ShippaxMarket. Philippe Holthof Editor-in-Chief PHOTO: MARKO STAMPEHL SHIPPAXMARKET20 · 3 www.shippax.com4 · SHIPPAXMARKET20 www.shippax.com UPFRONT 3 FERRY MARKET & OUTLOOK 6 CRUISE MARKET & OUTLOOK 56 RO-RO MARKET & OUTLOOK 102 HIGH-SPEED MARKET & OUTLOOK 140 FERRY STATISTICS 162 CRUISE STATISTICS 234 PORT STATISTICS 242 ADVERTISERS’ INDEX 252 6 102 CONTENTS 162SHIPPAXMARKET20 · 5 www.shippax.com 242 140 56 2346 · SHIPPAXMARKET20 www.shippax.comTEXT: ALAN LAM Page Foreword 9 Executive summary 10 Tonnage supply 11 Refits & conversions 2019-2021 26 Sales & charters 28 Volumes carried 32 New & discontinued routes 33 Major operators 34 M&A, JV, & insolvencies 40 Port development updates 41 Financial & volume performance 42 SWOT-Analysis 52 Outlook 54 Main events 2019 54 FERRY MARKET & OUTLOOK SHIPPAXMARKET20 · 7 www.shippax.com PHOTO: KENNY LEONGNext >