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Blue Water 'extraordinarily satisfied' with 2014 result

June 3 - Blue Water Shipping posted an 11 percent increase in turnover and an 80 percent increase in total profit in 2014, compared with 2013.

Blue Water Shipping achieved a total turnover of DKK4.98 billion (USD742 million) in 2014, which represents a DKK497 million (USD74 million) increase over 2013. The company's profit before tax was DKK63 million (USD9.3 million), compared with the DKK35 million (USD5.2 million) in 2013.

"We are extraordinarily satisfied with the fact that approximately 80 percent of our growth is organic, as it means that we are indeed reaping the fruits of our strengthened organisation," said Blue Water Shipping managing director Kim Hedegaard Sørensen.

"The result shows that we are on the right track in relation to our plans for improved earnings performance through increased synergy and cooperation in the entire organisation," said Sørensen, adding that he expects the result for 2015 to be at least the same level as 2014.

Over the next one or two years, Blue Water Shipping says it will focus on increasing market share in Norway, Sweden and Finland, as well as targeting new clients within the general road, sea and airfreight sectors.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
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Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 264
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
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