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Tag: 2024 | Ferry Shipping News

May 10
2

DFDS Q1: ahead of expectations for the quarter driven by the Ferry Division

By | 2024 Newsletter week 19 | No Comments

Q1 2024

  • Revenue up 11% to DKK 7.0bn
  • EBIT reduced 45% to DKK 200m
  • Adjusted free cash flow of DKK -327m
  • CO2 ferry emission intensity lowered 3%

OUTLOOK 2024

  • EBIT of DKK 2.0-2.4bn
  • Revenue growth of 8-11%
  • Adjusted free cash flow of around DKK 1.5bn

Torben Carlsen, CEO:

  • 2024 is the first year of new strategy “Moving Together Towards 2030” focused on unlocking the value of DFDS’ expanded network through organic growth and transitioning to become a greener company.
  • Ekol Logistics: transaction is expected to close in Q4 2024.
  • FRS: the newly acquired ferry routes on the Strait of Gibraltar were off to a good start.
  • High priority: improving earnings for activities that currently face market headwinds such as the Baltic Sea and Channel ferry networks as well parts of Cold Chain logistics activities.
  • The short-term decarbonisation of ferry activities is on target, and in parallel DFDS is laying the groundwork to achieve its ambition of having six green ferries on the water by the end of 2030.
  • Market environment remains mixed: a higher than expected pick-up in ferry volumes across most of the network in Q1 while land transport network mostly faced flat or lower volumes.
  • Persistent overcapacity enhanced pricing pressure in certain market areas.
  • “While we are on track to deliver on our outlook, we continue to focus on improving profit through operational efficiencies across our network in parallel with the execution of our strategy.”

Click on cover to read more

May 10
2

DFDS April: freight growth across most of network

By | 2024 Newsletter week 19 | No Comments

April volume numbers are compared to 2023 impacted by most of the Easter holiday period falling in March this year compared to April in 2023. In general, this decreases passenger volumes and increases freight volumes for the month compared to 2023.

Ferry – freight:

  • Total volumes in April 2024 were 13.9% above 2023 and up 10.1% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023.
  • North Sea volumes were above 2023 following higher volumes on most routes.
  • Mediterranean volumes were below 2023 as volumes were decreased by the timing difference in April 2024 of a national holiday week compared to 2023.
  • Channel volumes were above 2023 as were Baltic Sea volumes with all routes carrying more volumes.
  • For the last twelve months 2024-23, the total transported freight lane metres decreased 0.9% to 39.7m from 40.1m in 2023-22. The decrease was 1.9% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in April 2024 were 24.5% above 2023 and down 7.6% adjusted for addition of the Strait of Gibraltar routes.
  • The decrease was driven by the Easter timing difference. The number of cars were 21.1% above 2023 and down 6.2% adjusted for Strait of Gibraltar.
  • For the last twelve months 2024-23, the total number of passengers increased 21.8% to 5.1m compared to 4.2m for 2023-22. The increase was 10.0% adjusted for the addition of Strait of Gibraltar routes.
May 03
1

Monthly figures Corsica: growth

By | 2024 newsletter week 18 | No Comments

ORTC (Corsica Transport Office) published the monthly traffic statistics.

 

January February March
Passengers Air 158,010 (+7.4%) 144,841 (+2.1%) 173,123 (+9.6%)
Passengers Ferry 86,610 (+4.4%) 75,316 (-13.1%) 107,809 (+23.1%)
Passenger Cars 36,251 (+0.7%) 32,310 (-10.7%) 45,670 (+13.9%)
Freight (tons) 147,392 (+4.8%) 162,615 (+26.2%) 161,402 (+0.1%)

 

The monthly reports can be downloaded here (in French)

Photo: Mega Regina – © Jean-Pierre Fabre

Apr 19
1

DFDS March volumes: passengers boosted by Easter

By | 2024 newsletter week 16 | No Comments

March volume numbers are compared to 2023 impacted by most of the Easter holiday period falling in March this year compared to April in 2023. In general, this increases passenger volumes and decreases freight volumes compared to 2023 for the month.

Ferry – freight:

  • Total volumes in March 2024 were 2.7% above 2023 and down 2.5% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023.
  • North Sea volumes were below 2023 driven by lower UK volumes following a reduced number of sailings due to weather conditions and the Easter timing difference versus 2023.
  • Mediterranean volumes were above 2023 driven by higher volumes on all routes.
  • Channel volumes were below 2023 as Dover Strait volumes were reduced by the Easter timing difference versus 2023.
  • Baltic Sea volumes were above 2023.
  • For the last twelve months 2024-23, the total transported freight lane metres decreased 3.6% to 39.3m from 40.8m in 2023-22. The decrease was 4.4% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in March 2024 were 83.1% above 2023 and up 38.4% adjusted for the addition of Strait of Gibraltar routes. The adjusted increase was driven by the Easter timing difference.
  • The number of cars were 67.5% above 2023 and up 29.6% adjusted for Strait of Gibraltar.
  • For the last twelve months 2024-23, the total number of passengers increased 21.6% to 5.0m compared to 4.1m for 2023-22. The increase was 12.7% adjusted for the addition of Strait of Gibraltar routes.
Mar 01
1

Scandlines New Year’s reception in Kiel: Emission-free ferry operations begin in 2024

By | 2024 Newsletter week 09 | No Comments

From left to right: Managing Director of Scandlines Deutschland GmbH Heiko Kähler, President of the State Parliament Kristina Herbst, State Secretary Tobias von der Heide, CEO Scandlines Michael Guldmann Petersen, Ingo Gädechens MdB.

Photo: Marc Benkmann/Scandlines

Scandlines’ traditional New Year’s reception took place in Kiel in the presence of Schleswig-Holstein’s State Secretary for Transport, Tobias von der Heide.

Scandlines’ management highlighted the first fully battery-electric ferry and further plans for the electrification of the Puttgarden-Rødby route.

  • The electric ferry Futura is set to commence operations in 2024, operating entirely on electricity.
  • Initially, Futura will be charged with electricity only in Rødby, with plans to expand charging to Puttgarden by 2025.
  • The next phase involves converting the other ferries on the Vogelfluglinie to 80% battery operation before transitioning to entirely electric operation with zero direct emissions by 2030, with two of the four ferries on the Puttgarden-Rødby route making the switch by 2025.
  • Challenges related to fluctuating electricity prices in Germany are noted, with Scandlines hoping for support from German politics.
  • Digital solutions are being implemented to enhance the customer experience during booking, at ports, and on board.
  • While the freight segment experienced slight declines in 2023, Scandlines anticipates growth in the latter half of 2024.