DFDS: Growth Continues But Brexit Lowers Pace

By | 2019 Newsletter week 33 | No Comments

Key figures H1

  • Revenue up 10% and EBITDA up 8%
  • Exceptional uncertainty on Brexit is currently reducing UK trade and visibility

Key figures Q2

  • Revenue up 9% to DKK 4.2bn
  • EBITDA up 4% to DKK 989m

The growth in revenue and earnings in Q2 was mainly driven by the expansion in the Mediterranean and higher passenger revenue. A reversal of the UK stockpiling in Q1 lowered freight revenue and earnings in Q2 for most activities linked to UK trade. The latter was mitigated by income from an agreement with UK Department for Transport.

Outlook 2019:

  • 6-8% revenue growth (previously 10-12%)
  • EBITDA-range lowered 6% to DKK 3.5-3.8bn (previously DKK 3.8-4.0bn)

”Brexit is an exceptional situation currently lowering volumes in our ferry and logistics network. In spite of this headwind, we are still on track to continue our growth this year. The work to deliver on our new strategic and financial ambitions has started and progress is well under way,” says Torben Carlsen, CEO.

Intermodal Ro-Ro Terminal In OT Port Gdynia

By | 2019 Newsletter week 28 | No Comments

OT Port Gdynia Sp. z o.o. –with the support of the European Union– is implementing the project “Retrofitting of the intermodal ro-ro terminal in Gdynia by OT Port Gdynia Sp. z o.o.”, which consists in equipping the Company with specialist transshipment equipment for handling cargo in intermodal units (semi-trailers, containers) and IT equipment supporting the handling of these cargoes.

SHORT NEWS

By | 2019 Newsletter week 28 | No Comments
  • TT Line’s PETER PAN had an engine fire on 9 July. The fire could by extinguished. Nobody was hurt. The ship returned safely to port.
  • The third DFDS freight ferry from Jinling is preparing for sea trials, which will take place in August. So far nothing has been announced about its route, but that might become Ghent-Gotenburg.
  • DP World has completed the buy-back of P&O Ferries in a GBP 322 million deal originally announced in February.

DFDS Launched the New Route Zeebrugge – Gothenburg

By | 2019 Newsletter week 25 | No Comments

Early May DFDS entered a five-year agreement with Stora Enso to transport around 700,000 tons of paper and paperboard products annually. This week (week 25), DFDS

launched the new route between Zeebrugge and Gothenburg.

The two tailormade 2,450 lane metre ro-ro ships owned by Wagenborg and operating on the route since the beginning have been acquired by DFDS and given DFDS names.

SCHIEBORG became BELGIA SEAWAYS and SLINGEBORG is now GOTHIA SEAWAYS.

FIONIA SEAWAYS has been transferred from the Gothenburg – Ghent route to the new route and will take part in the 8 to 12 weekly departures. She left Gothenburg for the first time on 15 June, Zeebrugge-bound.

TECHNOLOGY

By | 2019 Newsletter week 25 | No Comments

DFDS: Collaboration With Volvo Trucks On Autonomous Transport Between Logistics Centre And Port Terminal

DFDS has entered into a collaboration with Volvo Trucks concerning their electric, connected and autonomous vehicle Vera.

The aim is to develop and test an integrated solution for transporting goods from a logistics centre to a port terminal in Gothenburg, Sweden, using Vera.

Facts about the Vera project:

  • The assignment is to move containers from a DFDS logistics centre in Gothenburg to an APM terminal in the port according to needed capacity.
  • The autonomous system is monitored by an operator in a control tower who is also responsible for the transport.
  • The solution is suited for repetitive flows with a maximum speed of 40 km/h.
  • Infrastructure adaptations are part of the scope in the implementation of the total transport system, including automated gates at the terminals.
  • Volvo Trucks and DFDS are main partners but several actors are involved in implementing Vera’s first assignment.
  • The initiative is carried out with support from the Swedish Innovation Agency Vinnova, the Swedish Transport Administration and the Swedish Energy Agency through the Strategic vehicle research and innovation programme FFI.

TOP STORY

By | 2019 Newsletter week 22 | No Comments

DFDS New Business Unit Brings Routes Closer to Sales & Marketing Organisation

DFDS has created a new Business Unit (BU), called “Short Routes and Passenger”.

It contains almost all the DFDS passenger activities under one single management.

  • Business Unit Group Passenger
  • Route Dieppe-Newhaven
  • Route Dover-Calais
  • Route Dover-Dunkirk
  • Route Copenhagen-Oslo
  • Route Amsterdam-Newcastle

The new Business Unit will be headed by VP Kasper Moos, who will maintain his office in Dover and report to Peder Gellert, EVP and Head of Ferry Division.

The basic idea of the reshuffle is to bring the routes closer to the sales and marketing organisation.

BU Baltic will continue managing and operating all Baltic Sea routes using BU Short Routes and Passenger as its global sales agency.

TECHNOLOGY

By | 2019 Newsletter week 22 | No Comments

Bunker Rating Tool Brings Transparency in the Bunkers Industry

DFDS has begun to use BunkerTrust, a service which allows shipping companies to judge and view other people’s ratings of suppliers and bunkers.

Today, about 250 ships rate their bunkers deliveries on a regular basis via BunkerTrust, and DFDS is among the 23 shipowners using the platform.