BNP analysis: Eurotunnel looking to force DFDS out of the Channel

The Eurotunnel entry into shipping as a ferries operator in the English Channel is a declaration of war on DFDS, a BNP Paribas analysis shows. On the other hand, the major French bank considers the Eurotunnel offensive an extremely risky move.

Photo: DFDS

The Eurotunnel entry into shipping on one of the most trafficked freight routes in Europe, the English Channel, as a direct competitor to DFDS and P&O is a risky strategy from the listed company operating the tunnel between France and England. That is one of the conclusions in an analysis made by the major French bank BNP Paribas. The analysis was carried out before the French Commercial Court recently, on 11 June, chose Eurotunnel as the buyer of the three ferries from the insolvent estate of Seafrance in a closely fought battle with DFDS.

In the analysis, Eurotunnel is cited for saying that DFDS will be forced to leave the market.

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