Independent journal on economy and transport policy
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Greek ferry companies expect to see revenue fall by -45.1% in 2020
Expected reductions of -50.7% and -30.8% in passenger and commercial vehicle transport revenues. SEEN, the sector is in danger of collapsing
March 27, 2020
In particular, if the overall revenue expected for 2019 650 million euros, the association believes that in 2020 will see a reduction of EUR 293.3 million in the volume will fall to 356.7 million euros, of which 230.3 million million euros produced by the transport business passengers (-50.7%) 126.4 million euros from the transport (-30.8%).
Specifically, for the passenger sector, if revenue January and February of this year compared to the same months of 2019, i.e. equal to 16.7 million and 12.5 million euros respectively, in March expected revenues of 12.1 million euros (-40.0%), in April for only 3.4 million (-90.0%) and a drastic downturn is also expected in May with only 3.5 million euros (-90.0%). For the next few months June, July, August and September, where it usually occurs peak passenger traffic, declines are expected -50.0% of revenue that will fall to 22.1 million, respectively, 38.9 million, 49.9 million and 25.1 million euros. For the final October, November and December are expected to contract 18.9 million, 13.8 million 13.3 million euros.
As for the transport activity of heavy vehicles, after unchanged revenue for the months of January and February and equal to 10.6 million and 10.8 million euros, a 10.0.% with a total of 12.5 million euros April, May, June, July, August and September reductions of -40.0% in the volume of business that will fall 10.1 million, 11.0 million, 10.8 million, 12.2 million, 10.6 9.6 million euros. So for the next few months of October November and December the expected decline is -30.0% with 10.1 million, 9.4 million and 8.5 million euros respectively Revenue.
The Greek shipping association has pointed out that this scenario is already taking shape and that the industry SEEN runs the risk of collapsing, with a negative impact on ferry services period, but also in the post-crisis period.
In light of all this, the SEEN asked the Minister Maritime Activities and Island Policies, Ioannis Plakiotakis, the identification of minimum maritime services needed to be carried out under the current conditions to connect the islands Greeks, defined as public service routes specific public service contracts.
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In particular, if the overall revenue expected for 2019 650 million euros, the association believes that in 2020 will see a reduction of EUR 293.3 million in the volume will fall to 356.7 million euros, of which 230.3 million million euros produced by the transport business passengers (-50.7%) 126.4 million euros from the transport (-30.8%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
