FFP formed a partnership with the family-owned group Louis Dreyfus Armateurs (LDA) to found LDAP. LDA is a French maritime group that has been operating for more than 160 years in carrying dry bulk by sea and in providing maritime industrial services. LDAP, a company in which the FFP group holds a 45% stake (via its wholly owned subsidiary FFP Invest), purchased 5 new Handysize freighters. They are of B-Delta 40 design, an innovative, fuel-efficient model. Most of the vessels were delivered in the second half of 2015.

This fleet is managed by LDA, which is in charge of its fit-out and commercial operation.

As at Dec 31, 2018

Stake in LDAP


Investment date


FFP's investment

At 31 December 2018, the FFP group (via its wholly owned subsidiary FFP Invest) held a 45% equity interest in LDAP.

FFP has invested a total of $24 million. FFP Invest is party to a shareholder agreement.

FFP Invest, represented by Bertrand Finet and Mme Sophie Vernier-Reiffers, is a member of LDAP’s Executive Committee.