The UK Ministry of Transport has decided to cancel a much-maligned contract with ferry operator Seaborne Ferries, the purpose of which was to provide additional capacity in the case of a hard Brexit. This could be good news for DFDS.
DFDS felt the impact of the lack of Brexit clarity in the third quarter of the year, as freight volumes were lower than expected. The company narrows its EBITDA guidance and lowers investments slightly.
Confidence in high economic growth in the region plays a key role for Scandline's new majority shareholder, First State Infrastructure Investments, partner Marcus Avre tells ShippingWatch. A Fehmarn link does not cause concern.
The ferry carrier and the Norwegian yard have signed an agreement to construct the largest hybrid ferry yet. It will be operational in 2019 and marks the latest step in Color Line's bet on hybrid ferries for the carrier's short sea routes.
The strong Danish currency and the weak Norwegian currency helped Color Line achieve an operating result at the group level which was USD 12 million better than in the previous year. CEO Henrik Renneberg is optimistic about 2016.
With customers such as DSV and Stora Enso, British P&O Ferries has checked off a milestone in terms of volumes on the service between Gothenburg and England, which has historically been a lucrative crossing for DFDS.