Trade between EU and Turkey keeps our Mediterranean network busy
Starting at the end of 2020, trade between EU and Turkey has increased supported by depreciation of the Turkish Lira. High trade levels keep colleagues happy and busy as the Turkish economy is expected to continue its growth.
When looking over the ports in Istanbul, it is visible that trade levels are high. This morning, the evidence showed in the hard numbers; the Mediterranean business unit improved earnings with DKK 191m compared to 2020.
Lars Hoffmann, Head of Mediterranean, says “I am very proud of the team here in BU Med. The significant earnings increase we have delivered is a testament to all the hard work my colleagues have put into optimising all parts of our operation. It’s an all-time high even though we are still dealing with COVID-19 restrictions and severe forest fires”.
Significant recovery from 2020-lockdowns
DFDS has recovered well from the 2020 lockdowns mainly driven by the high freight volumes which in Q2 increased 74% in the Mediterranean.
“We are handling the highest freight frequency ever, now with 15 weekly calls from Turkey to Europe. We work in close collaboration with our customers and the opening of our new freight route between Turkey and Spain proved a successful cooperation. We are also seeing good momentum for volumes from the automotive sector and have added two large Jinglings vessels to support the increasing volumes”, adds Lars Hoffmann.
Improved cost-efficiency has also helped improve results, including good results from port and rail activities.
Click here for more details on the quarterly performance.