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North Sea RoRo costs DFDS share 11 percent in the first quarter

The DFDS shares suffered a total loss of 11 percent in the first quarter of 2012. This is because of North Sea RoRo’s entry on the Gothenburg-Immingham route, Nordea says to ShippingWatch.

DFDS’s total share value has dropped 11 percent, down to USD 811.6 million in the first quarter. There is one reason for this.

“It’s simple. The main reason is that the share has taken a big dive since the announcement that North Sea RoRo will open a competing route between Gothenburg and Immingham, which is the cash cow of the DFDS RoRo business. The result is a USD 20-25 million loss per year in operational revenue,” Finn Bjarke Pedersen, stock analyst with Nordea, tells ShippingWatch.

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