DFDS Archives - The Loadstar Making sense of the supply chain Tue, 05 Nov 2024 13:39:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 DFDS to launch first Egypt-Italy ferry service for a decade https://theloadstar.com/dfds-to-launch-first-egypt-italy-ferry-service-for-a-decade/ https://theloadstar.com/dfds-to-launch-first-egypt-italy-ferry-service-for-a-decade/#respond Tue, 05 Nov 2024 13:39:27 +0000 https://theloadstar.com/?p=284356 DFDS has shown its intent to expand its Mediterranean market share, today unveiling a new weekly ferry service between its growing Italian hub of Trieste and the Egyptian port of Damietta.
The move represents the Danish operator’s first foray into the Egyptian market and comes just days after it cancelled its €500m purchase of the international network of Turkish transport group Ekol Logistics.
It is also the first direct ferry connection between ...

The post DFDS to launch first Egypt-Italy ferry service for a decade appeared first on The Loadstar.

]]> https://theloadstar.com/dfds-to-launch-first-egypt-italy-ferry-service-for-a-decade/feed/ 0 284356 DFDS pulls out of €500m Ekol takeover bid https://theloadstar.com/dfds-pulls-out-of-e500m-ekol-takeover-bid/ https://theloadstar.com/dfds-pulls-out-of-e500m-ekol-takeover-bid/#respond Fri, 01 Nov 2024 16:07:56 +0000 https://theloadstar.com/?p=284077 Danish ferry and haulage operator DFDS has abandoned its bid to acquire the international transport assets of Turkish firm Ekol Logistics.
In April, DFDS announced it had agreed a €500m ($545m) deal to acquire Ekol’s “overland transport network between Europe and Turkey”, as it sought to take advantage of the growth of nearshoring manufacturing in Turkey and reduce its corporate reliance on ferry revenue by growing its logistics division.
However, in a ...

The post DFDS pulls out of €500m Ekol takeover bid appeared first on The Loadstar.

]]> https://theloadstar.com/dfds-pulls-out-of-e500m-ekol-takeover-bid/feed/ 0 284077 Karen Dyrskjøt Boesen set to become DFDS’s new CFO https://theloadstar.com/karen-dyrskjot-boesen-set-to-become-dfdss-new-cfo/ https://theloadstar.com/karen-dyrskjot-boesen-set-to-become-dfdss-new-cfo/#respond Fri, 19 Apr 2024 10:22:08 +0000 https://theloadstar.com/?p=269883 Danish ferry and logistics operator DFDS has appointed Karen Dyrskjøt Boesen (above) as its new chief financial officer, replacing Karina Deacon, who resigned in November.
Ms Dyrskjøt Boesen will start her new role on 1 July.
“Karen Dyrskjøt Boesen brings a strong and versatile set of financial and business skills to our executive management. Her extensive experience from various energy companies will also greatly benefit and support our green transition,” said Claus ...

The post Karen Dyrskjøt Boesen set to become DFDS’s new CFO appeared first on The Loadstar.

]]> https://theloadstar.com/karen-dyrskjot-boesen-set-to-become-dfdss-new-cfo/feed/ 0 269883 DFDS celebrates Ekol buy, and says shift to electric trucks going ‘better than expected’ https://theloadstar.com/shift-to-electric-truck-fleet-going-better-than-expected-says-dfds/ https://theloadstar.com/shift-to-electric-truck-fleet-going-better-than-expected-says-dfds/#respond Tue, 09 Apr 2024 11:14:44 +0000 https://theloadstar.com/?p=268939 They have been partners since 2018, started acquisition talks in 2022 and now DFDS has finally agreed to buy the transport network of Turkey’s Ekol Logistics.
The enterprise value of the business is DKK1.9bn ($276m), on revenues of DKK3.5bn, with some 3,700 staff.
DFDS said the acquisition replicated its ferry and road business to the Mediterranean and connects Turkey to its existing network.
Ekol boasts more than 6,000 equipment units, including 1,300 trucks, ...

The post DFDS celebrates Ekol buy, and says shift to electric trucks going ‘better than expected’ appeared first on The Loadstar.

]]> https://theloadstar.com/shift-to-electric-truck-fleet-going-better-than-expected-says-dfds/feed/ 0 268939 DFDS intensifies decarbonisation efforts with 100 electric trucks https://theloadstar.com/dfds-intensifies-decarbonisation-efforts-with-100-electric-trucks/ https://theloadstar.com/dfds-intensifies-decarbonisation-efforts-with-100-electric-trucks/#respond Mon, 18 Mar 2024 15:48:14 +0000 https://theloadstar.com/?p=267518 PRESS RELEASE
DFDS places order for yet another 100 Volvo electric trucks which will almost double the number of electric trucks in its fleet. The new electric trucks will be deployed in markets across Europe to meet the growing customer demand for e-mobility solutions, consolidating DFDS’s green ambitions and further cementing that DFDS has the largest fleet of heavy-duty electric trucks on the continent.
DFDS is placing an order for 100 electric ...

The post DFDS intensifies decarbonisation efforts with 100 electric trucks appeared first on The Loadstar.

]]> https://theloadstar.com/dfds-intensifies-decarbonisation-efforts-with-100-electric-trucks/feed/ 0 267518 DFDS to enter Gibraltar Straits with FRS Iberia/Maroc takeover https://theloadstar.com/dfds-to-enter-gibraltar-straits-with-frs-iberia-maroc-takeover/ https://theloadstar.com/dfds-to-enter-gibraltar-straits-with-frs-iberia-maroc-takeover/#respond Mon, 18 Sep 2023 13:30:33 +0000 https://theloadstar.com/?p=255172 Danish ferry operator DFDS is set to expand its service network to the West Mediterranean market after agreeing to acquire Morocco-Spain ferry company FRS Iberia/Maroc.
The deal is valued at around the $200m mark – in an announcement to the Danish stock exchange, DFDS said FRS Iberia/Maroc is expected to see revenues of DKr1bn-1.2bn ($143m-$172m) with an ebitda-margin of 18-20%, and ebit-margin of 11-12%, and the purchase price was an ebitda ...

The post DFDS to enter Gibraltar Straits with FRS Iberia/Maroc takeover appeared first on The Loadstar.

]]> https://theloadstar.com/dfds-to-enter-gibraltar-straits-with-frs-iberia-maroc-takeover/feed/ 0 255172 P&O Ferries: it’s an ‘organised retreat’, claims analyst https://theloadstar.com/losing-money-and-market-share-po-beating-organised-retreat-says-analyst/ https://theloadstar.com/losing-money-and-market-share-po-beating-organised-retreat-says-analyst/#respond Tue, 05 Sep 2023 13:19:35 +0000 https://theloadstar.com/?p=254159 P&O’s recent withdrawal from the port of Liverpool fits the pattern of a wider, “organised retreat” from the UK for parent company DP World, one expert has suggested.
In a recent report, MDS Transmodal highlighted that P&O had cut its share of the capacity significantly in the Great Britain-Ireland trade, from 27% to 18%, with the remaining operators picking up the slack. And P&O’s capacity share in the North Sea between ...

The post P&O Ferries: it’s an ‘organised retreat’, claims analyst appeared first on The Loadstar.

]]> https://theloadstar.com/losing-money-and-market-share-po-beating-organised-retreat-says-analyst/feed/ 0 254159 Another rail strike in Germany to add to European freight troubles https://theloadstar.com/another-rail-strike-in-germany-to-add-to-european-freight-troubles/ https://theloadstar.com/another-rail-strike-in-germany-to-add-to-european-freight-troubles/#respond Fri, 24 Mar 2023 14:28:13 +0000 https://theloadstar.com/?p=240756 A rail strike in Germany on Monday is expected to cause delays and rail freight disruptions, with freight forwarders and shippers calling for flexibility on timings to help the movement of goods, with more disruptions in France also expected.
The latest action follows a port pilots’ strike, which ended this morning, and disruption in France as demonstrators protest against the president’s plan to extend the pensionable age.
Stefan Genth, CEO of the ...

The post Another rail strike in Germany to add to European freight troubles appeared first on The Loadstar.

]]> https://theloadstar.com/another-rail-strike-in-germany-to-add-to-european-freight-troubles/feed/ 0 240756 Li-ion batteries pose a risk to freight ro-ro services https://theloadstar.com/li-ion-batteries-pose-a-risk-to-freight-ro-ro-services/ https://theloadstar.com/li-ion-batteries-pose-a-risk-to-freight-ro-ro-services/#respond Mon, 27 Feb 2023 12:03:45 +0000 https://theloadstar.com/?p=237809 Lithium-ion (li-ion) battery fires on board containerships have already claimed a couple of high-profile victims, the X-Press Pearl and perhaps the Maersk Honam.
Less well understood, but still a great threat, is the risk posed by electric vehicles (EVs), which are stacked full of li-ion batteries, to car carriers, or the risks involved in the carriage of used EVs on ro-pax vessels.
The loss of the Felicity Ace in the Atlantic last ...

The post Li-ion batteries pose a risk to freight ro-ro services appeared first on The Loadstar.

]]> https://theloadstar.com/li-ion-batteries-pose-a-risk-to-freight-ro-ro-services/feed/ 0 237809 Auto industry slammed for ‘blasé approach’ to danger of EV fires on ferries https://theloadstar.com/auto-industry-slammed-for-blase-approach-to-danger-of-ev-fires-on-ferries/ https://theloadstar.com/auto-industry-slammed-for-blase-approach-to-danger-of-ev-fires-on-ferries/#respond Fri, 24 Feb 2023 13:43:45 +0000 https://theloadstar.com/?p=237768 Ocean safety agencies have criticised the automobile and battery industries, claiming manufacturers are not taking the safety issues involved in moving electric vehicles (EVs) seriously enough.
The criticisms come as fears grow that an EV fire on board a ro-ro ferry would pose more serious challenges than a standard fire, as lithium-ion batteries are known to burn at ultra-high temperatures and the usual remedy – to douse the blaze with water ...

The post Auto industry slammed for ‘blasé approach’ to danger of EV fires on ferries appeared first on The Loadstar.

]]> https://theloadstar.com/auto-industry-slammed-for-blase-approach-to-danger-of-ev-fires-on-ferries/feed/ 0 237768