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Displaying items by tag: Containers Up Q2

#DFDSgroup - European shipping and logistics operator, DFDS Group, writes LloydsLoadingList.com has raised its outlook for 2016 after a strong performance in the second quarter in which its freight volumes were up 33%. The increase is thanks to its much-expanded English Channel ferry capacity and 9% growth in other parts of its network.

The expanded ferry capacity in the Channel business unit supported 63% higher freight volumes and 23% more passengers, while freight volumes were up by 9% in all other parts of the network. “The Logistics Division achieved strong earnings growth through higher volumes and efficiency in both trailer operations and contract logistics,” the Copenhagen-headquartered group said.

Revenue for the three months to 30 June increased by 7%, year on year, excluding revenue from bunker surcharges, while reported revenue increased by 4% to DKK 3.6 billion (US$548 million). EBITDA operating profits before special items increased by 27% to DKK 699m following higher earnings in both the Shipping and Logistics divisions.

As for the UK & Ireland, DFDS Logistics (container services including out of Belfast, Dublin, Cork and Port of Waterford) business, the number of transported units in Q2 increased by 43.2% compared to 2015 mainly driven by new contract logistics activities for cold stores in England.Since the commencement of the contract for one cold store in Q4 2015, a further two cold stores were added during Q1 2016.

Volumes were reduced by optimisation of traffic between N. Ireland and England and the Continent as well as lower temperature controlled and steel volumes in the UK. EBIT decreased by 9% to DKK 15m mainly due to the impact of lower temperature controlled and steel volumes as well as the loss of a logistics contract for a food manufacturer in 2015. The result was, moreover, negatively impacted by the depreciation of the British pound.

For much more about the DFDS Group's performance across the Benelux, North Sea and Baltic regions, click here. 

Published in Ports & Shipping

Naval Visits focuses on forthcoming courtesy visits by foreign navies from our nearest neighbours, to navies from European Union and perhaps even those navies from far-flung distant shores.

In covering these Naval Visits, the range of nationality arising from these vessels can also be broad in terms of the variety of ships docking in our ports.

The list of naval ship types is long and they perform many tasks. These naval ships can include coastal patrol vessels, mine-sweepers, mine-hunters, frigates, destroyers, amphibious dock-landing vessels, helicopter-carriers, submarine support ships and the rarer sighting of submarines.

When Naval Visits are made, it is those that are open to the public to come on board, provide an excellent opportunity to demonstrate up close and personal, what these look like and what they can do and a chance to discuss with the crew.

It can make even more interesting for visitors when a flotilla arrives, particularly comprising an international fleet, adding to the sense of curiosity and adding a greater mix to the type of vessels boarded.

All of this makes Naval Visits a fascinating and intriguing insight into the role of navies from abroad, as they spend time in our ports, mostly for a weekend-long call, having completed exercises at sea.

These naval exercises can involve joint co-operation between other naval fleets off Ireland, in the approaches of the Atlantic, and way offshore of the coasts of western European countries.

In certain circumstances, Naval Visits involve vessels which are making repositioning voyages over long distances between continents, having completed a tour of duty in zones of conflict.

Joint naval fleet exercises bring an increased integration of navies within Europe and beyond. These exercises improve greater co-operation at EU level but also internationally, not just on a political front, but these exercises enable shared training skills in carrying out naval skills and also knowledge.

Naval Visits are also reciprocal, in that the Irish Naval Service, has over the decades, visited major gatherings overseas, while also carrying out specific operations on many fronts.

Ireland can, therefore, be represented through these ships that also act as floating ambassadorial platforms, supporting our national interests.

These interests are not exclusively political in terms of foreign policy, through humanitarian commitments, but are also to assist existing trade and tourism links and also develop further.

Equally important is our relationship with the Irish diaspora, and to share this sense of identity with the rest of the World.