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Norwegian oil slump reflected in Oslo ferry's bar figures

Fewer draft beers in the bars on the Oslo ferry and less work in the Norwegian logistics unit. The once super-wealth Norwegian economy is no longer a sure thing for DFDS. CEO Niels Smedegaard points to the low oil price as the key reason for this setback.

Photo: DFDS

There are not many scratches in the DFDS' third quarter interim report, with a result that came as a positive surprise to even the carrier itself. Russia is one of the areas where the carrier would like things to look better, but there is little new in that, and DFDS has already taken the consequences of the tough market. Italy and Ireland need to be improved a bit, says the carrier.

The terminal in Gothenburg is operating at a deficit, so the carrier also has some work to do here, explains CEO Niels Smedegaard in an interview with ShippingWatch following the record result. But a new development has also emerged, one which the carrier has not experienced in a long time, namely that the Norwegian market is starting to show signs of weakness.

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