Denmark’s DFDS reported its pre-tax loss in the seasonally weak first quarter widened to 118 million kroner ($ 20.5 million) from 98 million kroner ($17 million) a year earlier, as cargo traffic stalled on its key North Sea and Baltic shipping routes.
Short Sea Shipping
Coverage of barge and cargo shipping, as well as the coastal trade industry.
News & Analysis
20 May 2013
BG Freight Line, the short sea specialist based in Rotterdam, the Netherlands, will increase the frequency of its services to Liverpool, England, in June.
15 May 2013
Shreyas Shipping and Logistics announced plans to launch a coastal container service between West India and South India.
15 May 2013
Samskip Multimodal has increased capacity on short sea services connecting Rotterdam, the Netherlands, to Hull, U.K.
10 May 2013
New York State’s 524-mile canal system opened for the season this week, welcoming commercial traffic and recreational boaters, Times Union reports.
09 May 2013
Finnlines’ net loss almost doubled in the first quarter as Europe’s deepening economic downturn depressed cargo volumes on its North Sea and Baltic short sea routes.
06 May 2013
Cosco, Hanjin Shipping and Yang Ming will launch a joint Russia-Finland service later this month.
03 May 2013
DFDS confirmed today it has submitted a bid for Scandlines, the Danish-German ferry operator, which has been put up for sale by its private equity owners.
30 Apr 2013
Seacor Holdings reported a net loss of $11.2 million in the first quarter of 2013, compared with a net income of $36.4 million in the first quarter of 2012.
23 Apr 2013
Barge shipping on the Illinois River and north of St. Louis on the Mississippi River remains at a standstill today as flooding has forced about a dozen river locks to close following torrential rains last week, The Gazette reports.
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Commentary
Consolidation Cooking in European Short Sea Shipping