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Nov 25
4

Mediterranean pushes up DFDS’ freight activity

By | 2021 Newsletter week 47 | No Comments

DFDS revealed in its latest Q3 interim report that revenue increased 22% to DKK 4.4bn driven by higher freight activity in most business units. (see also last newsletter)

The increase in the freight ferry result was primarily due to high growth in the Mediterranean.

As for the Mediterranean business unit, Q3 freight volumes increased 12.2% adjusted for the opening of a new route between Turkey (Izmir) and Spain (Tarragona).

The increase reflects high growth in Turkish exports to Europe with support from depreciation of the Turkish lira. Capacity was expanded in the route network to accommodate the growth, especially between Italy and Turkey.

Q3 EBITDA (Mediterranean) increased 47% to DKK 276m driven by the higher volumes and stable cost levels as well as better results for the port terminal and rail activities.

DFDS transported
3,685,000 lane metres
in the Med in the first 9 months of 2021

Nov 18
4

DFDS October volume report: Freight lower as UK stockbuilding boosted volumes

By | 2021 Newsletter week 46 | No Comments

Total freight volumes in October 2021 were 7.6% below 2020. Net adjustments for structural route changes reduced growth 2.3 ppt to -9.9%.

The decrease in total volumes was due to lower volumes on UK routes compared to 2020 as stockbuilding in the UK ahead of Brexit started to boost volumes in October 2020.

In addition, the current supply chain bottlenecks have led to a slowdown in UK volumes as some importers and exporters temporarily capped volumes during the month to avoid further congestion of supply chains. Channel and North Sea volumes were thus below 2020 in October.

The Mediterranean business unit continued to carry volumes above 2020 while Baltic Sea volumes were below 2020 as capacity on one route was reduced from two ferries in 2020 to one ferry in October 2021.

Volumes for the Mediterranean and Baltic Sea business units were above 2019 in October 2021 while the supply chain bottlenecks impacting the UK decreased volumes in Channel and North Sea to below 2019.

Oct 07
4

Moby Charters Out ELIANA MARINO and MARIA GRAZIA ONORATO to DFDS and Cobelfret

By | 2021 Newsletter week 40 | No Comments

DFDS and CLdN are adding more roro tonnage. The ships come from the Moby fleet.

Our colleague from Shipping Italy revealed that both ELIANA MARINO and MARIA GRAZIA ONORATO ship have been sub-chartered from Moby for at least six months.

ELIANA MARINO (2,500 lane metre) will be operated on the Mersin (Turkey) – Trieste (Italy) line by DFDS

Daily charter rate should be around EUR 14,000.

MARIA GRAZIA ONORATO (4,076 lane metre) is expected to be deployed by CLdN in Northern Europe and the ‘charter price’ should exceed EUR 20,000 per day. Both charters start from October.

Both roro’s have been operating up to date by Moby (in bare boat charter) on the Motorways of the Seas, linking Italy mainland with Sicily and Sardinia islands.

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.