As for all other European industries and short sea shipping sectors we are navigating in a challenging environment, facing significant market challenges. Factors such as rising energy and operational costs, inflation, government regulations and geopolitical influences significantly impact our company.
Additionally, the shift in transport modes from driver-accompanied units to unaccompanied trailers has a more costly impact on our operations.
At Stena Line, we are innovatively finding new ways to manage expenses effectively. By closely collaborating with our customers and making strategic investments in technology, route infrastructure, and sustainable practices, we aim to overcome these challenges. This approach allows us to adapt to new solutions and continue playing a vital role in securing Europe’s transportation network, now and in the future.
Although we have seen a downward trend in inflation, the costs of goods and services remain at a new, sustained high level. It is important to be aware that this impacts the costs of raw materials, such as steel for building ships, production costs, transportation, and other inputs, thereby affecting our overall cost structure.
In addition to operational expenses and the rise in unaccompanied trailers, labour costs are expected to grow.
Energy remains a critical expense. The high energy costs continue to squeeze profit margins and this means an increase in our operational expenses.
