DFDS Completes Purchase of Eurotunnel’s Ferry Pair
- Business & Finance
Northern Europe’s shipping and logistics company DFDS has completed the purchase of two Channel Ferries from Eurotunnel.
In June 2015, DFDS and Eurotunnel entered into long-term bareboat charter agreements for the ships.
The vessels in question are the 2001-built Seafrance Rodin and the 2005-built Berlioz, renamed Côte des Dunes and Côte des Flandres, respectively.
The duo also inked in 2015 a put option agreement which provided Eurotunnel with the right to require from DFDS to buy the ferries.
The exercise of the put option has now been completed, according to DFDS.
Previously owned by MyFerryLink, the two ferries were sold to Eurotunnel in 2012.
Earlier this month, DFDS ordered two RoRo newbuildings from Jinling Shipyard in China. The vessels are slated for delivery in early 2020 and planned to be deployed in DFDS’ route network on the North Sea.
“DFDS’ investment outlook for 2017 continues to be around DKK 1.8bn following the adjustment made in connection with the ordering of two freight ships on June 16 2017,” the company said.