Hybrid Newbuildings Lift Scandlines

German-Danish ferry operator Scandlines saw an increase in revenue and profits in 2016 as passenger and cargo volumes grew on the Rostock-Gedser and the Puttgarden-Rødby routes.

The year was characterised by significant investment, Scandlines said, as well as the commissioning of the two new hybrid ferries on the Rostock-Gedser route and the upgrading of port facilities.

Group revenue grew by 2 percent to EUR 470 million in 2016 from EUR 460 million in 2015.

Scandlines’ ferries on the Rostock-Gedser and Puttgarden-Rødby routes increased revenue from continuing operations by 3 percent to EUR 333 million, as compared to EUR 323 million in 2015 due to volume growth and despite slightly declining prices, while bordershop revenue was unchanged at EUR 137 million.

In 2016, the group’s ferries transported a total of 7.6 million passengers, 1.8 million cars and 0.6 million freight units. Freight traffic increased by 16 percent, and total passengers increased by 10 percent on the Rostock-Gedser route following the commissioning of the two new hybrid ferries.

“After a decade of hard work and significant investment, we have successfully transformed Scandlines from a state-owned ferry operator with multiple routes to a highly specialised and efficient traffic machine operating two high-frequency routes between Germany and Denmark. Today, Scandlines is a crucial piece of infrastructure securing the central transport corridors between our two countries as well as Continental Europe and Scandinavia,” said Scandlines’ CEO Søren Poulsgaard Jensen.

Looking ahead, Scandlines expects moderate revenue growth and improved profitability in 2017 based on the completed capacity expansion on the Rostock-Gedser route and stable operations on the Puttgarden-Rødby route and in the group’s bordershops.

“Our efforts and investment of around EUR 320 million over the last three years have cemented our competitiveness for years to come, and our long-term strategy is sustainable after the planned opening of the Fehmarn Belt tunnel in more than a decade from now. We welcome the additional competition from the tunnel, although we continue to communicate our legitimate expectations that applicable German, Danish and EU legislation is respected,” Jensen said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >