CLdN to acquire Seatruck Ferries from Clipper Group

By | 2022 Newsletter week 38 | No Comments
  • CLdN to acquire all shares in Seatruck Ferries Holding Ltd. from Clipper Group.
  • After approval from the Irish competition authorities, expected before end of year.
  • With 8 purpose-built vessels, Seatruck Ferries is the leading RoRo operator on the Irish Sea, transporting close to 20% of the region’s seaborne cargo volumes.
  • The parties have agreed not to disclose the transaction price.
  • The divestment of Seatruck Ferries allows Denmark-based Clipper Group to devote all financial and managerial resources to further strengthening its global dry cargo business.
  • After closing, the Seatruck operation will continue to run under the Seatruck Ferries brand with the existing management team lead by Alistair Eagles.
  • Joint impacts of COVID-19, Brexit and driver shortages are expected to accelerate growth in the unaccompanied trailer sector.

Clipper Group Annual Report: Danske Færger A/S

By | 2018 Newsletter week 23 | No Comments

Despite the positive commercial development of Danske Færger A/S, a 50/50 Joint venture with the Danish State, the operating result decreased in 2017. The main reason for the decrease is extraordinary reservations for closing the

Bornholm routes in August 2018.

  • Net result of DKK 124 million (DKK 44 million).
  • Passengers 4,465 million passengers (+4.3%) and 1,195 million cars (+6.3%)
  • The result is positively affected by the sale of HAMMERODDE to Stena RoRo during 2017.

With the closing of the Bornholm Routes in August 2018, Danske Færger A/S is expected to have a still positive result ranging around DKK 50 million in 2018.