FERRY FINANCE

By | 2018 Newsletter week 33 | No Comments

DFDS’s Acquisitions Fuel Growth In Q2

In Q2, DFDS’ revenue increased 6% to DKK 3.9bn driven by the expansion of the route network in the Mediterranean (with the acquisition of U.N. Ro-Ro), as well as continued growth in the freight activities in northern Europe. These two factors were also the key driver of the increase in EBITDA before special items by 9% to DKK 802m.

The growth of freight ferry volumes was in line with expectations in both northern Europe and the Mediterranean with overall growth of 6%.

Logistics volumes were up 5% for continuing activities.

Ukrferry Will Acquire The Two DFDS-Owned Ro-Ro Workhorses

By | 2018 Newsletter week 26 | No Comments

DFDS will sell two combined freight and passenger ferries, KAUNAS SEAWAYS (1989) and VILNIUS SEAWAYS (1987) to Ukrferry. The former train ferries have been on time charter to Ukrferry for several years, for deployment on routes in the Black Sea. Delivery of the ferries is expected in July. The sale will affect the employment of around 70 crew members that DFDS will seek to employ in its own route network.

Ukrferry already owned the sistervessel GREIFSWALD. The fourth vessel in the series —PETERSBURG–, is owned by Black Sea Ferry & Investments (Baltic Fleet LLC). She is arrested and docked at Paljasaare, Tallinn, since late April.

The Last Volvo V60 Heralds A New Contract For DFDS

By | 2018 Newsletter week 26 | No Comments

On 8 June, Volvo announced that the last of its successful V60 models had been assembled at Volvo Cars’ assembly line in Ghent. Over the last 18 months DFDS transported the supply of V60 bodies from Volvo Cars’ factories in Gothenburg to the assembly line in Ghent; some 325 trailer loads a week. The production of the new Volvo V60 SPA model will begin in a few months. DFDS has a new contract for the transportation of 250 trailer loads per week.

In Ghent, the DFDS ships are nicknamed “The Volvo Boats”

Photo: DFDS