Rauma returns to shipbuilding with Mols-Linien order

Rauma Marine Constructions, the Finnish company that took over the closure threated STX Finland’s Rauma yard in2014, has won is first newbuilding contract, a ferry from Mols-Linien, the listed Danish ferry company.

The vessel will be delivered in 2018 and it will be used in the service between the Danish mainland and the island of Bornholm.

The Rauma shipyard has built ferries and cruise ships in the past, when it was part of the STX Finland, Aker Yards and Finnyards groups.

The now ordered vessel will not have cabin accommodation for passengers, but the contract is important as it re-establishes Rauma as a newbuilding yard for passenger tonnage. The company has carried out major refits on large cruise ferries of the Tallink Grupp together with other work so far.

UK cruise industry’s economic impact growth rate trebled to 3.3% in 2015

The UK cruise industry is now worth €3.26 billion (£2.58 billion) per year to the country's economy, a new report published by CLIA Europe shows.

The industry’s economic impact grew by 3.3% last year on 2014, a threefold increase of the 1% growth rate it experienced in 2014 on the previous year, CLIA Europe figures show. The industry’s growth rate in the UK was also higher than the 2% in all of Europe in 2015, the figures reveal

Employment in the UK cruise industry grew by 4.1% to 73,919 jobs and accounted for 20 percent of the market share in Europe. An estimated 16,397 of this total were directly employed by cruise lines and earned €605 million (£479 million), the equivalent of 22% of the total compensation impacts for Europe.

About 10,000 new jobs were created across Europe, with 360,571 now employed in cruise and cruise-related businesses. Wages and other benefits for European workers reached €11.05 billion (£8.72 billion).

The port of Southampton has maintained its position as the number one embarkation and disembarkation port in Northern Europe, with a total of 1.75 million passengers passing through in 2015.

“It was another successful year for British ports overall; in total over one million UK and international passengers visited a British port during a cruise, a figure that has more than doubled in six years,” CLIA Europe said in a statement.

Cruise industry’s output in Europe maintained 2% growth rate in 2015

The cruise industry’s economic output in Europe reached €40.95 billion (£32.22 billion) in 2015, up 2% on the previous year, the same as its rate of expansion was in 2014 on the year before, CLIA Europe said in a statement.

The fresh figure is an all-time high.

The direct expenditures generated by the industry reached €16.89 billion (£13.39 billion), up from €16.6 billion (£13.17 billion) in 2014.

“The cruise industry continues to make significant contributions to Europe’s economic recovery,” said Pierfrancesco Vago, Chairman of CLIA Europe and Executive Chairman of MSC Cruises.

“The impact is clear. More Europeans are choosing a cruise holiday, more cruise passengers are choosing Europe as a destination, and more cruise ships are being built in European shipyards. This translates into great economic benefits for the entire continent, including coastal areas that were hit disproportionately hard by the economic downturn,” he added.