DFDS Orders Two RoRo Ships

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first_imgzoom Danish shipping and logistics company DFDS has placed an order for two new freight ships (ro-ro) at China’s shipbuilder Jinling Shipyard. Scheduled for delivery at the beginning of 2019, the order is part of DFDS’ ongoing fleet renewal to accommodate freight growth, increase operational efficiency and reduce the environmental impact, according to the company.The investment in the two new ships totals around DKK 1 billion (USD 150.9 million) to be paid during the period from ordering to delivery.DFDS has options for four additional ships, each designed to carry 6,700 lane metres of freight equivalent to around 450 trailers.“The larger size of the new ships will significantly decrease unit costs as well as the environmental impact per transported unit,” DFDS said, adding that both newbuildings are planned to be deployed in the company’s route network on the North Sea.Equipped with scrubbers for the removal of sulphur, ballast water treatment systems and a number of energy efficiency initiatives, the ships represent a new generation of environmentally friendly ro-ro vessels as they comply with the latest environmental rules of the new IMO-standard EEDI (Energy Efficency Design Index), according to the shipping firm.last_img

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Aryzta announces plans to raise £715m in capital

first_imgAryzta is aiming to raise around £715m as part of plans to strengthen its presence in the frozen bakery market.The move follows a profit warning in May and announcement of plans to reduce costs over the next three years as the business comes under pressure from increased labour and ingredient costs.In a statement issued this morning (13 August), the company said it had undertaken a detailed review of its capital structure and would now approach shareholders with a view to raising €800m (£715m).The additional funding will be used primarily to reduce debt, which Aryzta said would give it the strategic and financial flexibility it needed to implement its business plan and focus on the frozen bakery market.Aryzta also reported that trading in its fourth quarter had been in line with expectations and with the guidance it gave in its profit warning in May.The company added that it remained committed to its previously announced €1bn deleveraging plan, made up of a combination of cash flow generation and at least €450m of asset disposals. Aryzta said it had made solid progress with disposal of non-core assets and that it still planned to dispose of its stake in French retail group Picard.“A significantly improved capital structure will provide Aryzta with the means to continue to take the necessary steps to reposition the business and deliver on our strategy,” said Aryzta chief executive Kevin Toland.“Over the medium term, we expect to generate significant cash flow, which will be applied towards continued net debt reduction and to resource selective growth opportunities.”In April, Aryzta appointed former Frieslandcampina chief operating officer Gregory Sklikas as CEO of its European business.last_img

Scottish bakery introduces graduate celebration platter

first_imgScottish bakery Fisher & Donaldson has unveiled a celebration buffet platter for university and school graduates during the Covid-19 pandemic.With university and school graduations cancelled because of the coronavirus pandemic, graduating university students, year six (P6) and sixth-year pupils are missing out celebrating their academic achievements, said the firm.This led to the creation of the Class of 2020 buffet platter, targeted at pupils, students and families at home.The platter (rsp: £8.99) comprises filled rolls, savoury pastries and a selection of mini cakes, including the bakery’s popular fudge doughnut and a cupcake with a ‘Class of 2020’ edible scroll.“We can all remember how special that last day of school before summer was, and after years of hard work at university, a graduation ceremony is a really important part of moving forward into the working world,” said Chloe Milne, marketing manager at Fisher & Donaldson.The buffet platters are available for delivery in St Andrews, Cupar, Dundee and the surrounding villages, and can also be collected from the bakery’s St Andrews or Cupar branches.“We recognised how sorely missed these occasions would be by pupils and students in our local area and decided to make something extra special, so they could celebrate in style at home,” added Milne.“We hope these treats will be enjoyed and help make an occasion out of what could have been a disappointing day.”last_img

Los Monologos de La Vagina Begins Off-Broadway

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