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2023 Newsletter week 28

Jul 21
0

DFDS June volumes: freight in line with expectations, passengers up 19%

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Ferry – freight

Total volumes in June 2023 were 7.5% below 2022.

Volumes were 3.0% below 2022 adjusted for Channel.

North Sea volumes were higher than last year as fresh produce volumes to the UK normalised and automotive volumes remained robust. Mediterranean’s volumes were below last year due to lower exports following an early slowdown in European demand ahead of the summer.

The decrease in Channel volumes was in June still partly caused by market changes in June 2022 following a P&O’s suspension of sailings in the previous months in 2022. Baltic Sea volumes remained below last year as trade sanctions did not fully impact volumes until late in the summer of 2022.

For the last twelve months 2023-22, the total transported freight lane metres decreased 10.9% to 39.0m from 43.8m in 2022-21. The decrease was 4.3% adjusted for Channel.

Ferry – passenger

The number of passengers increased 18.9% driven by continued recovery and more coach passengers on the Channel. The number of passengers equalled 88% of volumes in June 2019, the latest comparable month pre-Covid-19. The number of cars equalled 88% of volumes in 2019.

For the last twelve months 2023-22, the total number of passengers was 4.3m compared to 1.9m in 2022-21 and 5.1m in 2019.

Jul 21
0

Fjord Line AS: an extraordinary year caused by both a global pandemic and an energy crisis

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Highlights of Fjord Line’s annual report:

  • Despite the challenges, Fjord Line’s delivered the best-ever high season turnover.
  • During Q1, 2022, Fjord Line returned to only operating the essential emergency freight-only operation between Norway and Denmark, securing critical infra­structure also during the pandemic.
  • After two years of covid and travel restrictions, Fjord Line finally resumed ordinary operations in March 2022.
  • As Europe gradually emerged from the pandemic, the war in Ukraine caused new challenges to Fjord Line’s business in 2022 due to the extraordinary volatile and increased fuel price development, especially in LNG. In addition, Fjord Line has received no governmental financial energy-aid.
  • Consequently, operations between Vestlandet in Norway, Hirtshals in Denmark and Langesund in Norway was reduced as well as the crossing time was increased to reduce the negative impact of the energy crisis and secure a sustainable financial operation.
  • Fjord Line’s other routes between Sandefjord in Norway and Strömstad in Sweden, and Kristiansand in Norway and Hirtshals in Denmark have been in full operation post-COVID-19.
  • In December 2022, Fjord Line announced the decision to rebuild the two LNG-ships STAVANGERFJORD and BERGENSFJORD from single·fuel LNG-engines to dual-fuel LNG/MGO·engines during first half year 2023.
  • Fjord Line has concluded a refinancing as part of the LNG-ships rebuilding process.
  • The consequences of two LNG·ships being out of operation tor several months are significant but were essential for the sustainability of the operations.
  • Revenue MNOK 1,666 (800)
  • EBT MNOK -407 (-219)
  • EBITDA MNOK 66 (145)
Jul 21
0

DFDS expands transport network in the Netherlands

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DFDS has acquired 100% of the share capital of the Estron Group, a Dutch provider of road transport and warehousing based in Rotterdam, Netherlands.

Estron Group transports dry goods in trailers by road and ferry between mainly the UK and Germany, Benelux, and Poland. Both full- and part-load transports are provided based on a leased fleet of 300 trailers. Haulage is subcontracted.

Warehousing, cross-docking, and logistics services are provided from a 58,000m2 leased warehouse located in the Port of Rotterdam.

The company has 130 employees and the annual revenue in 2022 was EUR 50m.

Estron Group expands DFDS’ transport network by adding road transport capacity to the existing full-load operation to and from the UK that combines road and ferry transport. In addition, Estron Group’s part-load and warehousing operations complements the existing similar operations based in Wijchen, Netherlands. The acquisition thus strengthens customer offerings and is expected to generate both commercial and operational synergies.

Jul 21
0

Stena Line: 29% more bookings between Sweden and Denmark

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Stena Line has previously reported a substantial increase in Danes booking travel to Sweden as a result of the weak Swedish krona.

Recent figures show that it is not only Danes who book their summer holidays with Stena Line. Now the ferry company is also experiencing an increase in bookings made by Swedes on the Gothenburg-Fredrikshamn route. Bookings have increased by 29% compared to the same period last year and many of the summer’s departures are now fully booked – something not seen since 2019.

Jul 21
0

STENA NORDICA goes into permanent service on Rosslare to Fishguard route

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The STENA EUROPE of Stena Line completed over 21 years of service on the Fishguard – Rosslare route. She is replaced by the totally rebuilt STENA NORDICA.

Since going into service on the Rosslare to Fishguard route, STENA EUROPE has completed 27,456 trips, clocking up 207,560 nautical miles. It has transported 726,671 freight vehicles, 1,876,496 cars and almost seven million people.

The refurbished STENA NORDICA has been upgraded with a range of new and improved passenger facilities to enhance the customer experience, including comfortable and stylish spaces, a new-look Stena Plus Lounge, Hygge Recline Lounge, two movie lounges, a Social Café & Bar and a Freight Drivers lounge.

The vessel has a capacity for 650 passengers with 58 cabins.

During the crossing, which takes approximately three hours and thirty minutes, passengers can also shop Duty Free.

Stena Line has revealed that after a dry-dock a Falmouth, the STENA EUROPE will start a charter on the Gibraltar Straits between Spain and Morocco.

Stena already has one ship in that region, the STENA VINGA is currently operating for Intershipping.

Jul 21
0

Turnover at Port of Cork Company up 21%

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  • Turnover at the Port of Cork Company increased by over 21% last year to €48.4 million. That compares to a turnover of just under €40 million in 2021.
  • The company’s profits also increased by just under 18%, with an operating profit of €9.16 million, up from €7.78 million the previous year.
  • The company’s annual report shows that the Ports of Cork and Bantry reported a total consolidated traffic throughput of 10.2 million tonnes in 2022, slightly lower than in 2021.
  • The number of container twenty-foot equivalent units increased slightly, mainly due to the commencement of new Con-Ro services linking Ringaskiddy directly with Europe.
  • Imports of trade cars and dry bulks also increased which all offset small declines in liquid and break bulk traffic.
  • Brittany Ferries returned to normal pre-covid trading levels with 117,000 passengers and added a second weekly service from Cork to Roscoff.

Conor Mowlds, Chief Commercial Officer at the Port of Cork said 2022 was a significant year for the port. “Following a strong financial year, we are now in a better position to progress vital additions to our infrastructure – including upgrades to our cargo handling fleet and port facilities,” he added.

Jul 21
0

Bornholmslinjen sets a record in H1

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2023 has started well for the Bornholmslinjen route between Rønne and Ystad. Never before have there been so many people on the ferries as in the first six months of this year.

756,991 passengers have travelled with the ferries in the first six months (+4.5%)

The progress on Ystad – Bornholm was expected, as this season offers sailing with both the world’s largest fast ferry, EXPRESS 5, and with EXPRESS 1 – and the traffic has set several records during the first half of the year and especially during the spring mini-holidays.

Last year in 2022, a total of 1,721,949 travellers travelled back and forth between Rønne and Ystad.