ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Related articles

Latest news

See all jobs