DFDS Agrees to Buy U.N. Ro-Ro for $1.2 Billion
By Teis Jensen COPENHAGEN, April 12 (Reuters) – Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera...
P+S Werften’s Volkswerft Stralsund site
DFDS, the Danish shipping and logistics company, confirmed Thursday that it is in fact negotiating with the struggling German shipyard P+S Werften concerning the construction of two ro-ro’s first ordered back in November 2010.
DFDS had cancelled its previous contracts with P+S Werften for the two ships after the yard filed for insovency in August when talks with creditors, customers and suppliers broke down. Upon filing, DFDS immediately expressed concerns over whether or not the newbuildings would ever be delivered and the company eventually pulled out in September 2012 saying that P+S Werften “breached several terms of the contracts.”
DFDS says the offered price of the two newbuildings is EUR 84m, but the new contracts have still yet to be finalized and, if signed, will be subject to a number of conditions.
Updated: April 12, 2018 (Originally published January 3, 2013)
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