Return to News and announcements

Network expanded by joint venture with Louis Dreyfus Armateurs

27 March, 2012 Copenhagen
DFDS and Louis Dreyfus Armateurs enters into an agreement to form a new company combining DFDS Channel and LD Lines ferry operations
DFDS and Louis Dreyfus Armateurs (LDA) have today entered into an agreement to form a new company combining DFDS Channel operations and LD Lines ferry operations. The new company is expected to start operations with effect from 1 July 2012.

DFDS ownership share of the new company will be 82% and LDA will own 18%.
The following routes will be included in the new company: LD Lines is a French ferry company and a 100% owned subsidiary of LDA. LD Lines was established in 2003 and currently operates four routes of which one route, St. Nazaire-Gijon, will not be included in the joint venture. LD Lines will transfer four chartered ships and one owned ship to the joint venture.

Strategic fit
The joint venture with LDA expands and consolidates DFDS route network, and further leverages DFDS operating model.

By combining the capabilities and operations of LD Lines and DFDS, a new and stronger company is formed, that is well positioned to defend and grow its customer services on the competitive Channel market.

The new company expands DFDS route network in line with DFDS strategy of creating a European shipping and logistics network.

Overview of operations in new joint company

 

Channel (Dover Strait)

Western Channel

Mediterranean

Total

Routes

Dover-Dunkirk
Dover-Calais*

Portsmouth-Le Havre
Newhaven-Dieppe***

Marseille-Tunis

5

Ships

5 ro-pax (4 owned, 1 chartered)

3 ro-pax (all chartered)

1 ro-ro (chartered)

9

Freight, lanemetres**, '000

12,500

875

 
200

13,575

Passengers**,
'000

4,000

500

 
N.a.

4,500

Estimated revenue (year 1)**, DKK m

1,500

450

 100

2,050

No. of employees

900

250

10

1,160


* 1 ro-pax ship, NORMAN SPIRIT, is currently chartered from LD Lines to the Dover-Calais route.

**Estimated volume/revenue for a full year of operation. New company is expected to start operations on 1 July 2012.

***Route concession until 2014

Transaction conditions
The transaction is subject to customary conditions and consents.

LDA profile
Louis Dreyfus Armateurs is a privately owned French shipping Group operating in several market segments apart from ferry shipping, including dry bulk transport and  logistics, maritime engineering services and offshore services.
 
Attachments:
UK_10_27.03.2012_2.pdf

Press Contact

Vice President, Communications
Gert Jakobsen

Tel: + 45 33 42 32 97
Mob: + 45 24 40 00 43

E-mail: gert.jakobsen@dfds.com

close