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February 14, 2018

DFDS to invest $296m in two new ro-pax ferries

Denmark-based shipping company DFDS is set to invest a total of Dkr1.8bn ($296m) for the purchase of two new combined freight and passenger vessels (RoPax) to serve its Baltic routes.

Denmark-based shipping company DFDS is set to invest a total of Dkr1.8bn ($296m) for the purchase of two new combined freight and passenger vessels (RoPax) to serve its Baltic routes.

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The company has already paid nearly 10% of the total investment and plans to pay more than half of the payment upon receiving the vessels.

Both the vessels are set to be built by Guangzhou Shipyard International at its Nansha Yard in China.

“The new ships will enable us to improve service levels for all our customers and improve the efficiency of the route network, also environmentally.”

They will be able to carry 4,500 lane metres of freight and passenger vehicles each, as well as up to 600 passengers.

The vessels will be equipped with scrubbers and other solutions to facilitate the lowest possible consumption of fuel and reduce emissions in accordance with new environmental standards.

Delivery of the vessels is scheduled to be carried out by the first quarter of 2021 and they are slated to enter service in the third quarter of the same year.

The vessels are expected to primarily serve one of DFDS ’ six ferry routes, connecting Lithuania with either Sweden or Germany via the Baltic Sea.

DFDS CEO Niels Smedegaard said: “This investment reflects our commitment to, and belief in, a continued strong development in the Baltic region.

“The new ships will enable us to improve service levels for all our customers and improve the efficiency of the route network, also environmentally.”

DFDS aims to increase its total freight capacity in the Baltic route network by nearly 30% with the introduction of the two new ships.

The company currently offers shipping, port terminal, transportation and logistics services to more than 8,000 customers across Europe.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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