Latest news from Heavy Lift & Project Forwarding International Magazine

Wilhelmsen operating profit declines

May 8 - Despite a stable top line, Wilh. Wilhelmsen Holding ASA (WWH) posted a decline in operating profit in the first quarter of 2014, due to weaker profitability in the group's shipping and logistics activities.

The contribution from maritime services improved, supported by higher activity levels, and the second quarter is expected to surpass the results of the first quarter of 2014.

Total income for WWH was USD914 million for the first quarter of 2014 with top line up 2 percent when compared with the same quarter last year, while operating profit was down 2 percent at USD76 million compared with the same period last year.

"Lower shipping operating profit in the first quarter follows a reduction in auto volumes combines with an unfavourable trade mix," said group ceo, Thomas Wilhelmsen. "Seasonality and bad weather also contributed to less volumes transported.

The WWH board expects a modest improvement in the group's performance in the second quarter of 2014 compared with the first, but Wilhemsen noted that "the recent recovery in main shipping markets remains fragile".

 

 

www.wilhelmsen.com

Heavy Lift | News

Port of Açu names José Firmo as CEO thumbnail image

Port of Açu names José Firmo as CEO

September 16 - The port of Açu – a privately owned industrial complex in São João da Barra, Brazil – has appointed José Firmo as its ceo, effective November 1.
Views: 179
Talbert names Henderson thumbnail image

Talbert names Henderson

September 13 - USA-based Talbert Manufacturing has appointed David Henderson as dealer development manager.
Views: 372
XLP gathers in Dubai thumbnail image

XLP gathers in Dubai

September 13 - Almost 160 delegates from around the world gathered in Dubai last week for the XLProjects (XLP) annual general meeting (AGM).
Views: 433

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.