Tag

Tag: DFDS | Ferry Shipping News

Dec 20
2

MSC Enters Direct Competition with DFDS and Grimaldi on Türkiye –Trieste Link

By | 2024 Newsletter week 51 | No Comments

MSC has officially entered the Türkiye –Trieste maritime link market, directly competing with Grimaldi and DFDS.

  • Route: every Saturday: Gebze, Türkiye → Trieste, Italy
  • Transit Time: 4 days to Trieste; 9 days for the return journey to Türkiye
  • Target Cargo: Industrial goods, commercial freight, and automotive cargo
  • 45ft HCPW containers

In a recent statement, the Geneva-based global carrier announced the introduction of 45ft HCPW (high-cube palletwide) containers on its short sea route connecting the Gebze region in Türkiye to Trieste in Northern Italy.

“This door-to-door transportation solution offers customers a very competitively priced option for larger shipments. This strategically designed service addresses the growing demand for reliable and efficient freight solutions while facilitating the shift from traditional trucks and RoRo vessels to larger-capacity containerised transport,” MSC stated.

Departing weekly from Gebze every Saturday, the service ensures a transit time of just four days to Trieste. Customers benefit from enhanced capacity, competitive pricing, and the convenience of working with a global logistics operator. This solution is further supported by MSC’s own inland transportation provider, MEDLOG, in both Türkiye and Italy.

Dec 20
2

DFDS Announced its Three Ships for the Jersey Operations

By | 2024 Newsletter week 51 | No Comments

DFDS, set to become Jersey’s new ferry operator, unveiled the vessels to serve the island:

  • HSC TARIFA JET – Incat 043 – built 1997 – 700 pax and 150 cars
  • HSC LEVANTE JET – Incat 068 – built 2015 – 675 pax and 151 cars
  • RoPax STENA VINGA –built 2005/2010 – 400 pax and 200 cars – 108 beds -1,235/1,538 lane metres

The other Channel Island, Guernsey, will be deserved by Brittany Ferries / Condor Ferries.

Dec 13
2

Launch of the DECOMPRES Project: A Green Future for Greek Ports

By | 2024 Newsletter week 50 | No Comments
  • Purpose: To promote sustainable growth and reduce carbon emissions in Greek port zones through the DECOMPRES project, “Decarbonising the Greek Comprehensive Ports.”
  • Funding:
    • Approved for a total of €9,670,000 under the European Commission’s “Connecting Europe Facility (CEF)” programme.
    • 85% of funding comes from the Cohesion Fund.
  • Scope:
    • The first collaborative effort involving multiple Greek ports within the EU’s Trans-European Transport Network’s supplementary network.
    • Aims to foster knowledge sharing and collaboration.
  • Focus Areas:
    • Aligns with European directives for green port transformations.
    • Involves the installation of ship electrification infrastructure to reduce reliance on traditional fuels.
    • Construction of ship electrification facilities includes:
      • 4 positions in Rafina Port.
      • Technical studies for:
        • 9 positions in Lavrio Port.
        • 11 positions in Corfu Port.
        • 9 positions in Kavala Port.
  • Consortium Members:
    • Coordinated by Lavrio Port Authority SA, partnered with Rafina, Corfu, and Kavala Port Authorities, along with Hellenic Republic Asset Development Fund, HEDNO (electricity distribution), PROTASIS, HYDRUS, GATES, and NTUA’s Laboratory of Maritime Transport.

This initiative sets a benchmark for sustainable maritime practices, reflecting the commitment of Greek ports to green growth and innovation.

Photo: A kickoff meeting was held on Thursday, 5 December 2024, at Lavrio Port Authority’s offices.

Dec 13
2

DFDS November: Continued Growth

By | 2024 Newsletter week 50 | No Comments

Ferry – freight

  • Total volumes in November 2024 were 4% above 2023 and up 4.7% adjusted for the addition of Strait of Gibraltar routes in 2024, closure of Calais-Tilbury in 2023, and the sale of Oslo-Frederikshavn-Copenhagen in 2024.
  • North Sea, Channel, and Baltic Sea volumes were all, also in November, above 2023 following growth on most routes.
  • Mediterranean volumes were in November below 2023 following increased competition in one corridor.
  • For the last twelve months 2024-23, the total transported freight lane metres increased 7.7% to 41.4m from 38.4m in 2023-22. The increase was 3.9% adjusted for the above route changes.

Ferry – passenger

  • The number of passengers in November 2024 was 6% above 2023 and up 22.4% adjusted for the above route changes. The adjusted increase was due to mainly higher Channel volumes supported by a timing difference of the fall half-term break in the UK.
  • The number of cars was 40.4% above 2023 and up 8.4% adjusted for route changes.
  • For the last twelve months 2024-23, the total number of passengers increased 47.2% to 6.6m compared to 4.5m for 2023-22. The increase was 8.0% adjusted for route changes.
Nov 14
2

DFDS Q3 2024 Interim Report – Working Through Headwinds

By | 2024 Newsletter week 45 | No Comments

“Despite market headwinds, we continued in line with our organic growth ambitions to protect and grow volumes in Q3 on the back of our network strength,” says Torben Carlsen, CEO.

Q3 2024

  • Revenue up 11% to DKK 8.0bn Organic growth was 4%
  • EBIT reduced 11% to DKK 785m
  • Adjusted free cash flow of DKK 396m
  • CO2 ferry emission intensity lowered 1.6%

Outlook 2024 (updated 1 November 2024)

  • EBIT of DKK 1.5-1.7bn
  • Revenue growth of 8-10%
  • Adjusted free cash flow of around DKK 1.2bn

Read the Q3 2024 interim report here:

Nov 14
2

DFDS Terminates EKOL Acquisition

By | 2024 Newsletter week 45 | No Comments

In April 2024, DFDS entered into a share purchase agreement to acquire the international transport network of Ekol Logistics.

As certain contractual conditions (company announcement no. 24 of 9 April 2024), have not been satisfied by the agreed deadline, DFDS has terminated the share purchase agreement and the transaction will consequently not take place.

Nov 14
2

DFDS 2024 Outlook Lowered by Market Slowdown and Termination EKOL Acquisition

By | 2024 Newsletter week 45 | No Comments

DFDS’ EBIT outlook range for 2024 is revised following results below expectations driven by mainly a more widespread slowdown in Europe than previously expected as well as intensified competition in northern European land transport markets and the Mediterranean freight ferry market.

The current market conditions are expected to continue for the rest of the year whilst a rebound in activity was previously expected for the rest of the year.

The termination of the share purchase agreement to acquire the international transport network of EKOL Logistics may moreover in Q4 2024 entail some financial impact.

As a consequence, the EBIT 2024 outlook range is lowered to DKK 1.5-1.7bn from previously DKK 1.7-2.1bn, and the outlook for the adjusted free cash flow is changed to around DKK 1.2bn from previously around DKK 1.5bn.

The revenue growth 2024 outlook is changed to 8-10% from previously 8-11% as revenue from EKOL Logistics was previously included in the revenue outlook.

Nov 14
2

DFDS October Volumes: Solid Freight Growth

By | 2024 Newsletter week 45 | No Comments

Ferry – freight:

  • Total volumes in October 2024 were 10.3% above 2023 and up 5.6% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023.
  • North Sea, Channel, and Baltic Sea volumes were all above 2023 following solid growth on most routes. Mediterranean volumes were in October also above 2023.
  • For the last twelve months 2024-23, the total transported freight lane metres increased 6.7% to 41.0m from 38.5m in 2023-22. The increase was 3.4% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in October 2024 was 33.0% above 2023 and down 1.3% adjusted for the addition of the Strait of Gibraltar routes. The adjusted decrease was due to smaller variances across routes.
  • The number of cars was 16.0% above 2023 and down 10.9% adjusted for Strait of Gibraltar.
  • For the last twelve months 2024-23, the total number of passengers increased 45.9% to 6.5m compared to 4.5m for 2023-22. The increase was 6.1% adjusted for Strait of Gibraltar.
Oct 18
2

Italy – Egypt RoRo Service Imminent

By | 2024 Newsletter week 42 | No Comments

DFDS is set to launch its previously announced freight service between Damietta, Egypt, and Trieste, Italy. This weekly service will operate with one of the smaller RoRo vessels, such as the OLYMPOS SEAWAYS, which has a capacity of 200 trailers and 3,214 lane metres.

Northbound shipments will primarily consist of perishables, while the southbound route will accommodate a variety of cargo. There is no direct competition from other ferry services, and although container lines operate in the region, their slower speeds make them less competitive.

The service is expected to commence before the end of the year.

Oct 11
2

DFDS September Volumes: Continued Freight Growth

By | 2024 Newsletter week 41 | No Comments

Ferry – freight:

  • Total volumes in September 2024 were 4.4% above 2023 and up 1.0% 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 following mixed activity levels across the route network.
  • Mediterranean volumes were in September above 2023 with higher volumes on all routes.
  • Channel volumes continued in September to be above 2023. Baltic Sea volumes were overall above 2023.
  • For the last twelve months 2024-23, the total transported freight lane metres increased 5.6% to 40.7m from 38.5m in 2023-22. The increase was 2.8% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure.

Ferry – passenger:

  • The number of passengers in September 2024 was 39.4% above 2023 and down 2.7% adjusted for the addition of the Strait of Gibraltar routes. The adjusted decrease was due to smaller variances across routes.
  • The number of cars was 22.0% above 2023 and down 8.2% adjusted for Strait of Gibraltar.
  • For the last twelve months 2024-23, the total number of passengers increased 43.8% to 6.4m compared to 4.5m for 2023-22. The increase was 6.5% adjusted for Strait of Gibraltar.