Germany: DFDS and P+S Werften Finalize Newbuild Contracts

As of today, all conditions have been met for the two newbuilding contracts between DFDS and the German shipyard P+S Werften GmbH, Stralsund, concerning the construction of two freight ships (Ro-Ro).

The newbuildings form part of DFDS’ cooperation with the Danish defence, and since 2006 also with the German defence, concerning delivery of tonnage capacity for defence transport assignments (ARK project).

Delivery of the first ship is expected to take place in Q4 2013 followed by the second ship in Q1 2014. The price of the two newbuildings is EUR 84 mln. A further investment of EUR 6 mln in specialized equipment is also planned.

Total planned investments in 2013 are EUR 75 mln and EUR 15 mln in 2014.

[mappress]

Press Release, February 15, 2013