Louis Dreyfus Armateurs and DFDS have taken the final steps to complete a joint venture combining the DFDS routes in the English Channel with all of LD’s routes, writes the Danish shipping company in a press release. The joint venture means the establishing of a new business unit, along with the added revenue of USD 17 million in the fourth quarter of 2012.
“The joint venture will support the development of a long term, sustainable operation on the Channel with primary focus on the freight market, and expand DFDS’ presence in the significant French transport market. (…)The joint venture is expected to add around USD 17 million (DKK 100 million, ed.) of revenue in Q4 2012, while the profit impact in the same period is not expected to be material,” says the press release.