The year in review for Smyril Line

10th March 2022 
 
Today, The Smyril Line Group held its annual general meeting. The result for 2021 showed a surplus of 16 million DKK. 

Total sales at Smyril Line increased from 849 million DKK in 2020 to 1.191 million DKK in 2021, and the operating result was 119 million DKK compared to 76 million DKK in 2020. The total amount of personnel in Smyril Line was 549 in 2021, about 100 employees more than in 2020. 

Freight activities have generally exceeded our expectations; however, activities in Norway had a negative impact on the profits for the year. 

The route between Rotterdam and Hitra was discontinued in November 2021 while a new route was added between Rotterdam, Thorslakshøfn and Tórshavn. 

As in the previous year, passenger sales in 2021 were severely affected by the Covid-19 pandemic. The total number of passengers was 40% lower than before the pandemic.  

Norröna went through a major refurbishment during the winter 2020/2021 and re-entered service in March 2021. 50 cabins were added to the ferry, out of which 32 are delux cabins.  The upgrade has increased the ferry's standard as well as the demand for travel.  

Work has begun on a new harbour project which will include a new ferry terminal, warehouse, and an office building in Tórshavn. This project will allow Smyril Line to provide better services and, at the same time, increase activities.  

Sales' prospects for 2022, concerning both freight and tourism, are looking reasonably good.  After two years of low passenger numbers, the demand has increased again, and the increasing demand for travel is seen in the hotels.  

On the other hand, conflicts in Europe, increased oil prices and third-party fees have a negative effect on Smyril Line's operations.  

Smyril Line will not allocate dividend for 2021.   

Smyril Line adds a new direct shipping route to and from Rotterdam in the Netherlands

2nd of November 2021

Our freight vessel M/V Akranes will be servicing a new route between Thorlakshøfn, in Iceland´s West coast, Tórshavn and Rotterdam in the Netherlands. 

Akranes will depart from Iceland Wednesday evenings and the Faroe Islands Thursday evenings and sail direct to Rotterdam. It will dock in Rotterdam Saturday afternoons and depart again on Saturday evenings bound directly for Iceland, which she will call Wednesday mornings. 

Akranes´ new route gives Icelandic and Faroese exporters new export options with departures Wednesday evenings from Iceland and Thursday evenings from Tórshavn direct to Europe. This connection also adds a wealth of opportunities to access markets near and far. 

The direct link creates exciting prospects for Icelandic importers, who can now receive mid-week deliveries from Europe in the Reykjavík area. 

Akranes’ first planned departure from Rotterdam is on 20th November 2021. 

M/V Akranes was built in 1998 at the UMOE Sterkoder in Norway. The ship is 138 m long and 23 m wide. Smyril Line purchased the vessel in December 2019.

The year in review for Smyril Line

7th May 2021

The Smyril Line Group has held its annual general meeting. The results for 2020 showed a surplus of 7,8 million DKK. This is considerably lower than previous estimates. The lower surplus is a direct result of the COVID-19 pandemic. Bearing this in mind, the Board of Directors and Group Management are satisfied with the overall result. Smyril Line will not allocate dividend for 2020.

2020 was a difficult year for the tourist industry. Smyril Line was also affected by this. The downturn has been significant. Fewer tickets were sold for passenger transport with Norröna, and there were fewer stays at Hotel Brandan and Hotel Hafnia than anticipated. In total, Smyril Line’s turnover for tourist activities decreased by approximately 170 million DKK.

Norröna went through a major refurbishment during the winter 2020/2021. 50 additional cabins were added, and the old cabins were updated. A new café was built on the top deck. Other repairs and changes were also made. For example, a new lounge with sofas and chairs was added.

Norröna was added to the fleet in 2003. Back then, people’s expectations were not the same as today. As such, the shipping company deems it necessary to keep up with the times and fulfil the demands of passengers travelling with Norröna.

Smyril Line believes that opportunities are good in the Faroese tourist industry, but the current situation with the COVID-19 restrictions makes the work difficult. Nobody knows exactly what to expect within this particular industry. 

Smyril Line’s cargo transport activities have not been impacted by the pandemic and went according to plan in 2020. In addition to Norröna, Smyril Line has five freight vessels in its fleet: Eystnes, Hvítanes, Akranes, Mykines and Mistral. Smyril Line has been renting Mistral.

Cargo transport activities increased in 2020. The route between the Netherlands and Norway, served by the freight vessel Akranes, was added to Smyril Line’s route network. Akranes sails weekly between Rotterdam in the Netherlands and Tananger, Bergen, Trondheim, Rørvik and Hitra in Norway.

The total number of personnel working for the company is approximately 500. The majority are Faroese.

The prospects for Smyril Line are good. Cargo transport activities are expected to remain steady, and the outlook for an increase in tourist activities is positive. The demand for the Faroe Islands and Iceland as holiday destinations is increasing. As such, the Group has taken the necessary steps to accommodate an increase in demands within the tourist industry by expanding the total capacity of Norröna and the hotels.

Norröna skal opgraderes

28. september 2020

Lørdag d. 19. december vil Norröna ligge til ved Fayard Skibsværft Munkebo, hvor hun skal være frem til den 4. marts 2021. Den. 6. marts genoptager Norröna sejladsen og sejler fra Hirtshals til Færøerne og derfra videre til Island.

Den nuværende færge MS Norröna blev indsat i 2003 og har siden gennemgået løbende renoveringer. Tiden er dog inde til større fornyelser for at fremtidssikre Norröna, som er det eneste passagerskib med fast rute i Nordatlanten  

”Vi har brug for flere kahytter og bedre udendørs faciliteter” udtaler Smyril Lines administrerende direktør Rúni Vang Poulsen. Han tilføjer ”vi vil udvide med ca. 50 nye 2 pers. kahytter”.

Skibsdækket vil også blive moderniseret med et nyt udendørs bar/cafe område, hvor der er god mulighed for at nyde udsigten over Nord Atlanten. Andre områder på skibet vil også blive moderniseret bla. et lounge område, hvor passagererne kan slappe af og nyde overfarten.

”Der er sket meget siden Norröna blev indsat for 17 år siden og kundernes forventninger har også ændret sig. Det er afgørende, at vi følger med tiden og lever op til disse forventninger”, siger Rúni Vang Poulsen.

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