DFDS maintains North Sea clients – at high costs

Broadly speaking, DFDS has maintained its clients on the important route between Sweden and England following the price war started by a former client choosing to start up its own shipping company. So far, the new company has not succeeded in obtaining some of the big clients, DFDS says.

While share analysts expects DFDS to lose earnings of USD 17 to 25 million on the important freight route Gothenburg-England in 2012 following the entry of a new competitor controlled by the Swedish freight forwarder and former major DFDS client, NTEX, DFDS has been able to maintain most of its clients.

“Of course we are sad that one of our Gothenburg clients has decided that it had not received the serviced needed and has chosen to become a competitor. However, we are happy to see that our clients have been extremely loyal and that other than the NTEX volumes only one major client has chosen to move half of its business. That is why the effect has been moderate so far”, Torben Carlsen, DFDS CFO, says.

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