ShippingWatch

Clipper's Danish division loses money on ferries and exchange rate

Despite growth in revenue and the operating profit, the bottom line landed in the red for Clipper's Danish company Clipper Group in 2016. The result was negatively impacted by exchange rate losses and the sale of two ferries.

Log in to read our articles

Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.

Try us free for 14 days

Try a trial subscription for free access to our quality journalism

Frontpage right now

MSC to increase capacity of 11 vessels at Chinese yard

Container carrier MSC has signed a deal with a Chinese shipbuilder to increase the length of its 11 container ships, to boost their capacity to 17,000 teu. Competitor CMA CGM has also made a deal with the same yard, report several media.

Seadrill presents new business plan

The John Fredriksen-owned drilling company Seadrill, currently under Chapter 11 in the US, has released a new business plan. The plan indicates significant setbacks in revenue and earnings at Seadrill for the next five years.

SSY after Danish acquisition: "Hopefully 2+2=5"

Getting a foot in the door of Danish shipping was decisive for UK-based shipbroker Simpson Spence Young, which on Friday acquired Denmark's Bidsted & Co. "We're a good match," Chairman Mark Richardson tells ShippingWatch.

Latest Carriers

Related articles

Latest news

Jobs

See all

See all