DFDS January: freight up 14% driven by Mediterranean and UK routes

By | 2022 Newsletter week 6 | No Comments
  • Freight volumes in January 2022 were 13.8% above 2021.
  • The volume growth in January was mainly driven by higher volumes on UK and Mediterranean routes.
  • Volumes on all UK routes increased considerably compared to last year as volumes in the first month post-Brexit were reduced by new rules and procedures as well as stock-building ahead of Brexit.
  • Volumes in the Mediterranean network were up on all routes on the back of deployment of more capacity and continued good growth in Turkish exports.
  • For the last twelve months 2022-21, total transported freight lane metres increased 6.7% to 43.2m from DKK 40.5m in 2021-20.
  • The total number of passengers in January 2022 was 45.7% above 2021.
  • The number of passengers increased between Norway and Denmark, while the number of passengers on UK and Baltic routes were on level with 2021.
  • For the last twelve months 2022-21, total number of passengers was 0.9m compared to 1.3m in 2021-20 and 5.1m in 2020-19, the latter being the latest pre-Covid-19 year.

DFDS Q4: growth set to continue in 2022

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“In spite of Covid-19, Brexit, and supply chain bottlenecks, we delivered a strong result for 2021. In 2022, we look to raise both revenue and earnings more than 20%,” says Torben Carlsen, CEO.

  • EBITDA increased 19% to DKK 915m in Q4
  • Supply chain bottlenecks eased during Q4
  • Early signs of pick-up in passenger numbers
  • EBITDA expected to grow more than 20% in 2022
  • Total dividend of DKK 8.00 per share planned

OUTLOOK 2022

  • EBITDA range DKK 3.9-4.4bn (2021: DKK 3.4bn)
  • Revenue growth of 23-27%
  • Investments of DKK 2.3bn

DFDS: restated comparison figures for logistics business units

By | 2022 Newsletter week 5 | No Comments

Following the completion of the acquisition of HSF Logistics Group, and consolidation of the company from 14 September 2021, the Logistics Division was, as previously announced, reorganised in two new business units: Dry Goods and Cold Chain.

The cold chain logistics activities embedded in DFDS’ three former Logistics business units – Nordic, Continent and UK & Ireland – were merged with the HSF Logistics Group to form the Cold Chain business unit. The remaining activities of the former business units are organised in Dry Goods.

Comparative figures for Q1-4 2020 and Q1-3 2021 for the new business units have been restated accordingly and are disclosed in the table below.

Godby Shipping – DFDS: sale and lease-back deal

By | 2022 Newsletter week 1 | No Comments

DFDS and Godby Shipping have established a long-term co-operation with Godby Shipping buying the two storo sideport vessels LYSVIK SEAWAYS and LYSBRIS SEAWAYS and chartering them back to DFDS for a period of minimum three years.

Both vessels will continue in their present trade mostly serving Norske Skog forest product shipments out of Norway to UK and continental Europe.

DFDS’ newest RoPax is soon on her way to the Baltic Sea

By | 2021 Newsletter week 50 | No Comments

DFDS took delivery of AURA SEAWAYS [MarineTraffic], which was built at Guangzhou Shipyard International. With 4,500 lane meters, she will by far become the largest DFDS RoPax ferry in terms of cargo capacity.

AURA SEAWAYS fulfils the new design standards of EEDI, and the CO2 emissions per trailer are more than 20 % lower than on the vessels currently trading on the intended routes Karlshamn-Klaipeda and Kiel-Klaipeda.

DFDS Monthly volume report: UK bottlenecks easing slightly

By | 2021 Newsletter week 50 | No Comments

Freight: total volumes in November 2021 were 5.4% below 2020.

  • The decrease in total volumes compared to 2020 was due to lower volumes on most UK routes as stockbuilding ahead of Brexit boosted volumes on UK routes last year.
  • The negative impact from supply chain bottlenecks, that reduced volumes in Q3 and October, eased during November.
  • North Sea and Channel volumes were in November again above 2019.
  • The Mediterranean business unit continued to carry volumes above 2020 while Baltic Sea volumes were just below 2020 as capacity on one route was reduced from two ferries in 2020 to one ferry in November 2021.
  • Volumes for both the Mediterranean and Baltic Sea business units were above 2019.

Passenger: the total number of passengers in November 2021 was 84.0% above 2020.

  • The increase was largest between Norway and Denmark where travel restrictions to a large extent were abolished in November.
  • The number of passengers on UK routes picked up but in very small numbers due to continued travel restrictions.

Space charter agreement CLdN – DFDS on Rotterdam – River Humber

By | 2021 Newsletter week 47 | No Comments

On 1 January 2022, UK customs procedures become more stringent. (*)

As a result, freight customers demand for earlier arrivals into the UK, and improved frequency. Therefore, DFDS and CLdN have entered into a Space Charter Agreement.

DFDS and CLdN will each provide one additional vessel, on a rotation Rozenburg – Vlaardingen – Killingholme from Sunday through Friday.

“At the moment we do indeed arrive at Killingholme at 07:00, but the early arrival (at 05:00) of this additional sailing makes all the difference for customers as it allows them to do an extra trip in the UK, which is very interesting given the traction problem there,” says a CLdN spokesman. “In addition, the earlier arrival is important for certain product groups.”

In Rotterdam, customers will have the possibility to load and discharge cargo in either Rozenburg and/or Vlaardingen.

DFDS and CLdN will continue operating all sailings independently including all related commercial activities.

This additional service will start on 11 January 2022.

Extra advantage: by going to C-Ro’s terminal in Killingholme, any congestion at DFDS’ terminal in Immingham will be relieved.

(*) [BOM, border operating model, explained by Dutch Government]

Remarks

  • In 2020, DFDS and CLdN signed space charter agreements on Zeebrugge – Gotenburg.
  • In 2021, DFDS and P&O Ferries entered a space charter agreement on Calais – Dover.
  • Stena Line will move its Europoort RoRo service from Killingholme to the nearby Port of Immingham commencing 1st January 2022, where Stena Line will be able to offer increased terminal capacity and be a service provider of both terminal and shipping operations to the company’s freight customers. Stena Line’s other North Sea route on the Humber, the Hoek van Holland-Killingholme RoPax service, will remain and continue in Killingholme.