• ITVI.USA
    16,240.330
    -110.510
    -0.7%
  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
    0.6%
  • OTVI.USA
    16,233.310
    -109.890
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
  • ITVI.USA
    16,240.330
    -110.510
    -0.7%
  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
    0.6%
  • OTVI.USA
    16,233.310
    -109.890
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
American Shipper

Freight boosts DFDS’s profits 89% in 2006

Freight boosts DFDSÆs profits 89% in 2006

Danish short-sea and ferries operator DFDS said that increased freight activity helped it record a profit of DKK364 million ($64 million) in 2006, up 88.6 percent compared to DKK193 million in the prior year.

   DFDS's activities are organized in two divisions: DFDS Tor Line, which operates freight shipping and combined freight and passenger shipping using ro-pax tonnage; and DFDS Seaways, which operates passenger shipping on overnight routes by deploying cruise-ferry tonnage, that also carries freight.

   Operating profit at DFDS Tor Line rose 63.8 percent to DKK588 million ($103.4 million) while revenue improved 27.5 percent to DKK5.7 billion ($1 billion). DFDS Tor Line’s operating profit included profits from sales of ships, properties and terminals totaling DKK26 million ($4.6 million).

   DFDS Seaways’ operating profit for the year declined 48.3 percent to DKK61 million ($10.7 million) with revenue flat at DKK1.8 billion ($323 million).

   “The improved performance can be attributed to DFDS Tor Line’s freight activities, where the market growth exceeded expectations, which increased capacity utilization and thereby earnings,” DFDS said in a statement.

   Looking ahead to 2007’s result, DFDS expects a pre-tax profit of DKK425 million ($74.7 million) on revenue growth of 8 percent to 10 percent.

   The company said its acquisition of Rotterdam/Ireland lift-on/lift-off container operator Norfolkline Containers (now rebranded as DFDS Container Line) from A.P. Moller-Maersk in late 2006 is expected to account for about 80 percent of the anticipated sales growth in 2007.

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