INVESTOR NEWS no. 35 - 12 November 2025 Ferry – freight: Total volumes in October 2025 of 3.6m lane metres were 3.7% below 2024 and 5.7% lower adjusted for route changes. YTD growth rates were -0.3% and -1.6%, respectively. North Sea volumes were below 2024 following soft volumes on most routes. Mediter-ranean volumes were below 2024 due to amongst other things reduced capacity in response to increased ferry competition. Channel volumes were below 2024 driven by a slowdown in volumes in the total Dover Str ...