Blue Water Shipping lands worst result in five years

The results showed a deficit despite a stable revenue for Blue Water Shipping in 2017. Management at the Danish company is not satisfied and explains that the result is due to two main reasons.

CEO of Blue Water Shipping, Søren Nørgaard Thomsen. Photo: PR-foto: Blue Water Shipping

Blue Water Shipping's bottom line was red in 2017, where the company had a deficit of DKK 76 million (USD 12 million).

This is a decline from a slight profit in 2016, while revenue remained the same from 2016 to 2017 - just under DKK 5.2 billion (USD 817 million).

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