DFDS A/S: Two newbuilding contracts finalized

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). The cooperation is based on charter agreements covering the period 2013-2021.
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 84m. A further investment of EUR 6m in specialized equipment is also planned.
Total planned investments in 2013 are EUR 75m and EUR 15m in 2014.
Source: DFDS A/S