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Dfds Annual Report 2015
DFDS ANNUAL REPORT 2015 RECORD EBITDA OF DKK 2,041 m ACHIEVED IN 2015 RETURN ON INVESTED CAPITAL INCREASED TO 13.7% DISTRIBUTION TO SHAREHOLDERS OF DKK M PLANNED FOR 2016 950 CONTENTS 3 Shipping and Logistics Network 6 Vision, Strategy and Priorities 9 Key Figures 10 Management Report 17 Shipping Division 22 Logistics Division 26 Risk Factors 29 The DFDS Share and Shareholders 32 Financial Review 35 Consolidated Financial Statements 74 Parent Company Financial Statements 92 Fleet List 94 Commercial Duties 97 Executive Management 98 Definitions and Glossary 99 The History of DFDS ANNUAL REPORT DFDS ANNUAL REPORT 2015 DFDS provides shipping and transport services in Europe and has an ANNUAL REVENUE OF MORE THAN DKK 13 BILLION. To OVER 8,000 FREIGHT CUSTOMERS, we deliver high performance and superior reliability through shipping and port terminal services, and transport and logistics solutions. For MORE THAN SIX MILLION PASSENGERS, many travelling in their own cars, we provide safe overnight and short sea ferry services. We have 6,600 EMPLOYEES spread across offices in 20 countries. DFDS was established in 1866, is headquartered in Copenhagen and is LISTED ON NASDAQ COPENHAGEN. 2 ANNUAL REPORT DFDS ANNUAL REPORT 2015 DFDS GROUP PEOPLE & SHIPS / FINANCE FINANCIAL CALENDER 2016 SHIPPING DIVISION LOGISTICS DIVISION Annual General Meeting • Shipping services for • Door-to-door transport 31 March 2016 at 14:00 freight and passengers solutions Radisson SAS Falconer Hotel • Bespoke industry solutions • Contract logistics, including and Conference -
Deliverable on Task 2.1: Report on the Outcome of Task 2.1 Scenarios Defined and Data Collected in the Context of Task 2.1
Project No. 2014-122: Mitigating and reversing the side-effects of environmental legislation on Ro-Ro shipping in Northern Europe Deliverable on Task 2.1: Report on the outcome of Task 2.1 Scenarios defined and data collected in the context of Task 2.1 Due date of deliverable: Month 7 (15 January 2016) Actual submission date: 15 January 2016 Document status: Public1 Authors: Thalis Zis, Postdoc, DTU Transport [email protected] Harilaos N. Psaraftis, Professor, DTU Transport [email protected] Jacob Kronbak, Associate Professor, DTU Transport [email protected] 1 Original status of document was confidential. Document was declassified on 26 July 2017. Confidential data in the document are shown as “xx”. 1 Acknowledgments We would like to thank Poul Woodall of DFDS for his overall assistance in this project, including his comments on a previous version of this document. Also we would like to thank the other members of the project’s Advisory Committee, Mogens Schrøder Bech of the Danish Maritime Authority, Tom Elmer Christensen of Danske Havne, and Maria Bruun Skipper of the Danish Shipowners Association, for their constructive engagement and advice as regards the project. Last but not least, we thank George Panagakos, PhD student at DTU Transport, for his comments on a previous version of this document. DISCLAIMER The photographs of vessels in this report are originating from the DFDS company websites where the fleet is presented. 2 Table of Contents Table of Contents ............................................................................................................................................. -
Dfds Management Review 2013
DFDS MANAGEMENT REVIEW 2013 This document is an extract from DFDS A/S’ full Annual Report 2013. The page numbers are identical with the page numbers in the full Annual Report 2013. The full Annual Report 2013 is available on www.dfdsgroup.com WELCOME TO THE DFDS ANNUAL REPOrt 2013 This interactive PDF allows you to access information easily, print pages or go directly to another page, section or website. HOME PRINT PREVIOUS PAGE NEXT PAGE (TABLE OF CONTENTS) Underlined words and numbers are dynamic links. When you click them, they will take you to further information within the document or to a web page. This PDF contains bookmarks, so you can access any section you need. Open your bookmarks palette in your PDF reader, to access the list. DFDS prOVIDES shIppING AND traNspOrt SERVICES IN EUROPE, GENEratING MANAGEMENT REVIEW ANNUAL revenUes OF EUR 1.6BN. 4 Key Figures 5 Foreword TO Over 8,000 freigHT CUSTOmers, WE DELIVER HIGH PErfORMANCE AND 6 Transport Network SUPERIOR RELIABILITY thrOUGH shIppING & POrt TERMINAL SERVICES, AND 7 Vision, Strategy and Priorities traNspOrt & LOGIstICS SOLUTIONS. 8 Financial Goals 9 Management Review FOR MORE thaN five miLLION Passengers, MANY traVELLING IN thEIR OWN 16 Shipping Division Cars, WE prOVIDE safE OVERNIGht AND shOrt SEA FErrY SERVICES. 23 Logistics Division 28 Risk Factors OUR 6,000 emPLOYees, LOCatED IN OffICES ACROss 20 COUNtrIES, ARE 31 The DFDS Share COMMITTED TO YOUR SUCCESS. 33 CR Report DFDS was FOUnded in 1866, IS HEadQUartERED IN COPENhaGEN, AND LIstED 53 Financial Review ON NASDAQ OMX -
Sulphur Regulation – Technology Solutions and Economic
Ernest Czermański, Sławomir Droździecki, Maciej Matczak, Eugen Spangenberg, Bogusz Wiśnicki Suplphur Regulation – technology solutions and economic consequences for the Baltic Sea Region shipping market Institute of Maritime Transport and Seaborne Trade University of Gdańsk Gdańsk 2014 Reviewer Prof. Dr. Thomas Pawlik, Hochschule Bremen Scientific editor Ernest Czermański Typographic composition Maksymilian Biniakiewicz Cover photo Ernest Czermański © Copyright by Uniwersytet Gdański Instytut Transportu i Handlu Morskiego ISBN 978-83-7939-007-6 Uniwersytet Gdański Instytut Transportu i Handlu Morskiego ul. Armii Krajowej 119/121, 81-824 Sopot tel./fax 58 523 13 89 e-mail: [email protected] Contents Introduction . 5 Chapter 1 . Sulphur Emissions Limits in the Maritime Transport . 7 1. Legal background ............................................................... 7 2. An overview of accessible solutions ............................................... 10 3. Baltic shipping market state-of-the-art report ...................................... 16 4. Sustainable waterborne transport „Toolbox” (2011) ................................. 18 Chapter 2. Sulphur emissions abatement methods for Baltic shipping. 23 1. Scrubbing technique for maritime vessels .......................................... 23 2. LNG as an alternative fuel for vessels .............................................. 31 Chapter 3. MGO – fuel change solution and its economic impact .................... 56 1. Change of fuel type from HFO/LSHFO to MGO ................................... -
DFDS Annual Report Header
DFDS ANNUAL REPORT HEADER DFDS IS NORTHERN EUROPE’S LARGEST INTEGraTED shIPPING AND LOGISTICS COMPANY. DFDS SEAWAYS’ nETWORK OF 30 ROUTES IS OPERATED BY 50 FREIGHT And PAssENGER SHIPS. DFDS LOGISTICS PROVIDES frEIGHT AND LOGISTICS SERVICES IN EUROPE WITH TraILErs, CONTAINErs, AND raIL. DFDS has 5,900 EMPLOYEES IN 20 COUNTRIES WITH REVENUES OF DKK 12BN. ThE COMPANY Was FOUNDED IN 1866, IS HEadQUarTERED IN COPENhaGEN, AND LISTED ON NASDAQ OMX COPENhaGEN. 2 DFDS ANNUAL REPORT 2012 HEADER REVENUE PROFIT BEFORE TAX RETURN ON INVESTED CAPITAL (ROIC) (DKK bn) AND SPECIAL ITEMS BEFORE SPECIAL ITEMS (DKK M) (%) 12 700 10 11 9 600 10 8 9 500 7 8 6 7 400 6 5 300 5 4 4 200 3 3 2 2 100 1 1 0 0 0 1 2 1 1 20 20 2008 2009 2010 2011 2012 2008 2009 2010 2008 2009 2010 2011 2012 MANAGEMENT REPORT 4 Key Figures 5 Foreword 6 Connecting Europe 8 Vision, Strategy and Goals 10 Management Report 16 CFI 20 Shipping Division 28 Logistics Division 35 Risk Factors 38 The DFDS Share 40 CR Report 62 Financial Review FINANCIAL STATEMENTS 68 Income Statement 69 Comprehensive Income 70 Balance Sheet 72 Statement of Changes in Equity 76 Cash Flow Statement 78 Notes 128 Company Overview 129 Statements MANAGEMENT REPORT, OTHER 130 Fleet List 132 Commercial Dduties 136 Executive Management 138 Definitions & Glossary DFDS ANNUAL REPORT 2012 3 KEY FIGURES DFDS GROUP KEY FIGURES 2012 DKK Million EUR mio.1 2012 2011 2010 2009 2008 Income statement Revenue 2 1,568 11,700 11,625 9,867 6,555 8,194 • Shipping Division 1,074 8,015 7,798 6,921 4,805 - • Logistics Division 571 4,259 -
DFDS Annual Report Header
DFDS ANNUAL REPORT HEADER DFDS IS NORTHERN EUROPE’S LARGEST INTEGraTED shIPPING AND LOGISTICS COMPANY. DFDS SEAWAYS’ nETWORK OF 30 ROUTES IS OPERATED BY 50 FREIGHT And PAssENGER SHIPS. DFDS LOGISTICS PROVIDES frEIGHT AND LOGISTICS SERVICES IN EUROPE WITH TraILErs, CONTAINErs, AND raIL. DFDS has 5,900 EMPLOYEES IN 20 COUNTRIES WITH REVENUES OF DKK 12BN. ThE COMPANY Was FOUNDED IN 1866, IS HEadQUarTERED IN COPENhaGEN, AND LISTED ON NASDAQ OMX COPENhaGEN. 2 DFDS ANNUAL REPORT 2012 HEADER REVENUE PROFIT BEFORE TAX RETURN ON INVESTED CAPITAL (ROIC) (DKK bn) AND SPECIAL ITEMS BEFORE SPECIAL ITEMS (DKK M) (%) 12 700 10 11 9 600 10 8 9 500 7 8 6 7 400 6 5 300 5 4 4 200 3 3 2 2 100 1 1 0 0 0 1 2 1 1 20 20 2008 2009 2010 2011 2012 2008 2009 2010 2008 2009 2010 2011 2012 MANAGEMENT REPORT 4 Key Figures 5 Foreword 6 Connecting Europe 8 Vision, Strategy and Goals 10 Management Report 16 CFI 20 Shipping Division 28 Logistics Division 35 Risk Factors 38 The DFDS Share 40 CR Report 62 Financial Review FINANCIAL STATEMENTS 68 Income Statement 69 Comprehensive Income 70 Balance Sheet 72 Statement of Changes in Equity 76 Cash Flow Statement 78 Notes 128 Company Overview 129 Statements MANAGEMENT REPORT, OTHER 130 Fleet List 132 Commercial Duties 136 Executive Management 138 Definitions & Glossary DFDS ANNUAL REPORT 2012 3 KEY FIGURES DFDS GROUP KEY FIGURES 2012 DKK Million EUR mio.1 2012 2011 2010 2009 2008 Income statement Revenue 2 1,568 11,700 11,625 9,867 6,555 8,194 • Shipping Division 1,074 8,015 7,798 6,921 4,805 - • Logistics Division 571 4,259 4,330 -
Dfds Annual Report 2015
DFDS ANNUAL REPORT 2015 RECORD EBITDA OF DKK 2,041 m ACHIEVED IN 2015 RETURN ON INVESTED CAPITAL INCREASED TO 13.7% DISTRIBUTION TO SHAREHOLDERS OF DKK M PLANNED FOR 2016 950 CONTENTS 3 Shipping and Logistics Network 6 Vision, Strategy and Priorities 9 Key Figures 10 Management Report 17 Shipping Division 22 Logistics Division 26 Risk Factors 29 The DFDS Share and Shareholders 32 Financial Review 35 Consolidated Financial Statements 74 Parent Company Financial Statements 92 Fleet List 94 Commercial Duties 97 Executive Management 98 Definitions and Glossary 99 The History of DFDS ANNUAL REPORT DFDS ANNUAL REPORT 2015 DFDS provides shipping and transport services in Europe and has an ANNUAL REVENUE OF MORE THAN DKK 13 BILLION. To OVER 8,000 FREIGHT CUSTOMERS, we deliver high performance and superior reliability through shipping and port terminal services, and transport and logistics solutions. For MORE THAN SIX MILLION PASSENGERS, many travelling in their own cars, we provide safe overnight and short sea ferry services. We have 6,600 EMPLOYEES spread across offices in 20 countries. DFDS was established in 1866, is headquartered in Copenhagen and is LISTED ON NASDAQ COPENHAGEN. 2 ANNUAL REPORT DFDS ANNUAL REPORT 2015 DFDS GROUP PEOPLE & SHIPS / FINANCE FINANCIAL CALENDER 2016 SHIPPING DIVISION LOGISTICS DIVISION Annual General Meeting • Shipping services for • Door-to-door transport 31 March 2016 at 14:00 freight and passengers solutions Radisson SAS Falconer Hotel • Bespoke industry solutions • Contract logistics, including and Conference