Supply chain chaos boosts DFDS' Turkish venture after slow start
The timing proved unfortunate when DFDS took over Turkish carrier U.N. Ro-Ro in 2018. An economic crisis in Türkiye made for a difficult start, but bottlenecks and supply chain chaos following the pandemic have boosted DFDS’ investment in the company.
DFDS dug deep into its pockets when investing DKK 7.1bn (USD 912.3m) in Turkish RoRo carrier U.N. Ro-Ro in 2018, accelerating its expansion in the Mediterranean region, but an economic crisis in Türkiye initially put a spanner in the works for DFDS.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.