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Oct 07
4

DFDS Orders 100 Electrical Volvo Trucks for Logistics Network

By | 2021 Newsletter week 40 | No Comments

Molslinjen’s brand new electric ferry GROTTE was put into operation on October 1st on the route between Esbjerg and Fanø. ‘

GROTTE was design by OSK Group and built at Hvide Sande Shipyard.

It was built according to exactly the same design as the two current ferries, FENJA and MENJA, which for many years have shown their efficiency in the short Danish domestic route between Esbjerg and Nordby on the island of Fanø.

The ferries FENJA and MENJA have just switched to fossil-free biofuel. The three ferries together will reduce emissions by up to 96 percent.

Sep 16
4

DFDS: Monthly Volume Report: Freight Growth Continued in Most Regions

By | 2021 Newsletter week 37 | No Comments

Freight

Total volumes in August 2021 were 0.6% above 2020.

Net adjustments for structural route changes reduced growth 1.9 ppt to -1.3%.

The volumes transported in August 2021 by the Baltic Sea and Mediterranean business units were well above August 2020.

North Sea volumes were on level as automotive volumes were negatively impacted by the current global supply chain bottlenecks.

Volumes for each of the three business units were above 2019.

Following a decrease in the total Channel market, and re-introduction of a ferry taken out of the market in 2020 by P&O Ferries, the Channel volumes were below 2020, adjusted for the Dunkirk-Rosslare route opened at the beginning of 2021.

Passenger

The total number of passengers in August 2021 was 38.9% below 2020 reflecting a continued negative impact from travel restrictions as well as a temporary easing of restrictions in the first half of August 2020.

Baltic Sea’s passenger volumes continued to be above 2020.

Aug 19
4

DFDS Q2: Solid Growth in Freight Volumes – Strong Performance Mediterranean

By | 2021 Newsletter week 33 | No Comments

Key figures:

  • Revenue 4,213 DKK m (2,798 in Q2, 2020 and 4,241 in Q2, 2019)
  • EBITDA before special items 897 DKK m (507 in Q2, 2020 and 989 in Q2, 2019)
  • Profit before tax 328 DKK m (11 in Q2, 2020 and 456 in Q2, 2019)

Highlights

  • The growth was driven almost entirely by the freight activities, i.e. freight ferry and logistics.
  • Mediterranean continued its strong performance, delivering app. 50% of the Group’s total profit increase.
  • Passenger volumes remain impacted by travel restrictions.

Outlook 2021 unchanged

  • EBITDA of DKK 3.2-3.6bn
  • Revenue growth of 20-25%
  • Passenger travel is picking up slower than expected

Market Overview

The European freight market stabilised and growth picked up during Q2 following the Brexit transition that impacted Q1 2021.

The current growth in the freight market, however, exceeds capacity due to shortages of truck drivers and equipment, particularly in the UK. This has led to a rise in haulage costs, longer lead times and less reliable supply chains as well as congestion in some ports. The market imbalance is expected to continue in Q3.

The UK will phase in full import border controls by 1 January 2022, including pre-notification requirements for products of animal origin by 1 October 2021.

Trade between the EU and Turkey continued to grow as the depreciation of the Turkish Lira, continued to benefit Turkish exports. The Turkish economy is expected to continue to grow, primarily driven by the export sector.

Remark

The Dover-Calais space charter agreement with P&O Ferries is expected to become operational around 1 October 2021. It will result in shorter waiting times for truck drivers.

To access the full report, click on the image below:

Aug 12
4

DFDS Welcomes New Ferry CÔTE D’OPALE to the Channel

By | 2021 Newsletter week 32 | No Comments

E-Flexer CÔTE D’OPALE started to operate on the Dover-Calais route on 4 August.

The CÔTE D’OPALE can carry 3,100 lane metres of freight, making it the longest ferry on the Channel, and has space for up to 1,000 passengers and crew. It replaces CALAIS SEAWAYS.

The new ferry offers the largest duty-free shopping experience on any cross-Channel ferry. The shop stretches across 1,100 square metres. It features separate ‘wings’ for each product category on offer, including perfume and cosmetics, wine and spirits, and electronics.

In addition, the ferry has a Premium Lounge, which offers an exclusive, laid-back space for passengers to enjoy a peaceful crossing, and three dining areas. The 7 Seas restaurant and Lighthouse Café are for leisure travellers.

Commercial drivers have their own dedicated area in the Road Kings lounge and restaurant, with showers and rest areas specially designed for drivers.

Jun 17
2

DFDS in May: Freight up 31% Following Lockdowns in 2020

By | 2021 Newsletter week 24 | No Comments
  • Total RoRo volumes in May 2021 were 31.2% above 2020 (and 4% above May 2019)
  • The extraordinary volume growth in May 2021 vs 2020 reflected a recovery from the significant volume reductions in May 2020 caused by lockdowns.
  • Volumes were above May 2019 in each of the four business units mainly carrying freight, i.e. North Sea, Baltic Sea, Channel and Mediterranean. Trading between the EU and the UK continued to be robust.
  • The total number of passengers in May 2021 was 27.3% below 2020 reflecting the continued tight travel restrictions.
Jun 17
6

Shore Power for the DFDS Ferries in Copenhagen

By | 2021 Newsletter week 24 | No Comments

The work to establish a shore power facility at the DFDS Seaways ferry terminal in Copenhagen is in full swing. The initiative is a joint collaboration between CMP (Copenhagen Malmö Ports) and DFDS, with the Swedish company Actemium as contractor and COWI as technical advisor.

The facility is expected to be operational in late summer 2021 and will make it possible for DFDS’ ferries CROWN SEAWAYS and PEARL SEAWAYS to significantly reduce the ships’ CO2 emissions while in port.

Read more on DFDS News
May 27
2

Ferry Shipping

By | 2021 Newsletter week 21 | No Comments

Good News for Truckers: A Ferry Departure Every 36 Minutes

DFDS and P&O Ferries have entered into a mutual space charter agreement on the Dover-Calais ferry route.

Ferry Shipping News understands this has been under consideration for a long time.

Truck drivers will be able to board the next available sailing on the Dover-Calais route, regardless of which of the two companies is operating the crossing.

It will reduce the time drivers spend waiting at the ports, giving them access to a departure every 36 minutes and reducing gate-to-gate journey times by an estimated 30 minutes.

All commercial activities and relationships with freight customers remain entirely under the control of each operator. The Dover-Calais agreement is similar to space charter agreements entered into by DFDS on routes on the North Sea, the Baltic Sea and in the Mediterranean.

The new agreement is for freight vehicles only and does not apply to sailings on the DFDS Dover-Dunkerque route

DFDS operates three ropax ferries between Dover and Calais (and 3 on Dunkerque):

  • COTE DES FLANDRES
  • COTE DES DUNES
  • CALAIS SEAWAYS (to be replaced by newbuilding COTE D’OPALE).

P&O Ferries operates five ropax ferries on Dover – Calais:

  • SPIRIT OF BRITAIN
  • SPIRIT OF FRANCE
  • PRIDE OF CANTERBURY
  • PRIDE OF KENT
  • PRIDE OF BURGUNDY

The agreement is expected to start during the summer.

The Port of Dover has welcomed the announcement “as a powerful statement of returning focus to driving the unrivalled benefits of the Dover-Calais crossing: to preserve and maximise the unique advantages of high pace, frequency and capacity provided to supply chains on the shortest sea crossing between the UK and its principal global trading partner – the EU.” [Statement Port of Dover]

May 20
2

CÔTE D’OPALE delivered to DFDS

By | 2021 Newsletter week 20 | No Comments

Ropax vessel CÔTE D’OPALE –the fifth E-Flexer vessel from the Chinese shipyard CMI Jinling (Weihai) – was delivered on 17 May 2021.

  • The 214.5m ship will become the longest ferry operating in the English Channel
  • Capacity: 3100 lane meters + 120 cars, 1000 passengers
  • Long-term chartered by DFDS for Calais-Dover
May 13
2

DFDS Q1: 2021 Off To A Good Start

By | 2021 Newsletter week 19 | No Comments
  • Fast recovery from Brexit transition
  • Mediterranean continued its progress
  • Passenger services remained restricted
  • EBITDA increased 23% to DKK 750m

Outlook 2021

  • The EBITDA outlook for 2021 was raised following stronger than expected freight results for most business units.
  • Uncertainty remains high and significant changes to outlook assumptions may still occur in the rest of the

Freight

  • During Q1 trade between the EU and UK stabilised faster than expected. Earnings in 2021 for UK-linked activities are therefore no longer expected to be below 2020.
  • The Mediterranean business unit improved earnings more than expected in Q1 and the positive earnings trend is expected to continue.
  • In the Baltic region, freight ferry capacity in the market is still expected to increase compared to 2020.
  • Irish Ferries has announced a plan to deploy ropax(es) between Dover and Calais in June 2021.

Passenger

  • The EBITDA for passenger services was reduced by around DKK 1bn in 2020 due to travel restrictions imposed to limit the spread of Covid-19. It is assumed that around 25%, compared to previously around 40%, of the decrease in 2020 is regained in 2021 as travel restrictions are now expected to be eased later in The high season for ferry travel is Q3 and the outlook is thus especially sensitive to the scope of restrictions in this quarter.

Revenue outlook

The Group’s revenue is still expected to increase by 20-25% compared to 2020. The main growth drivers are the addition of HSF Logistics Group, the opening of the new route between Ireland and France and an increase in passenger volumes.

Access the Q1 Report (PDF)