DFDS lays up 12 of its 50 ferries: report

Denmark-based shipping company DFDS has laid up 12 of its 50 ferries due to reduced services amid the Covid-19 pandemic.

Last month the company suspended two routes, Copenhagen to Oslo and Amsterdam to Newcastle, these being mainly passenger-based operations.

DFDS said in its preliminary quarterly report that the capacity of freight carried on the remaining 20 operational routes had also been reduced. DFDS has participated in the government wage and fixed cost compensation programmes and has announced that approximately 2,200 employees are on forced paid leave.

DFDS said that it would be implementing cost-saving and postponement initiatives. “All of DFDS’ freight activities continue to operate through the lockdowns as Europe supports its economies by exempting seafarers, dockworkers and truck drivers from travel restrictions to keep trade open for all kinds of goods, including priority items such as medicine and food. On the other hand, the lockdowns have caused passenger routes to be suspended”, the company said.

DFDS said that it was “in a solid position with regard to both liquidity resouraces and financial flexibility to meet challenges and opportunities that may arise from present and future conditions”. DFDS will report Q1 2020 on May 7th.