2016-09-01 20_27_44-UK_OMX_NO_53_01_09_2016_Finland.pdf - Nitro Reader 3

DFDS has today entered into an agreement with the Estonian company Navirail OÜ to take over the company’s freight and passenger route (ro-pax) between Paldiski, Estonia, and Hanko, Finland. The agreement includes a four-year time-charter agreement for one ro-pax ship and an earn-out agreement. The transaction is subject to approval from competition authorities.

The route expands DFDS’ network in the northern part of the Baltic Sea and complements DFDS’ existing route between Paldiski and Kapellskär that was acquired in 2011. Calling at the joint port of Paldiski entails some operational synergies, including an overlap of customers. Further synergies are expected from access to DFDS’ systems and sales organisation.

The Paldiski-Hanko route
The route is operated by the freight and passenger ferry (ro-pax) Sailor. The route’s maximum annual freight capacity is 1.15m lane metres freight and 100k passengers based on the current schedule of 16 departures per week. The route’s current annual turnover is around DKK 80m.