Bergen Group still running at a deficit

Norwegian shipyard and supply group Bergen Group increased its revenue in the first quarter this year, but the result came to a deficit on par with last year.

BY LOUISE VOGDRUP-SCHMIDT

Bergen Group, which recently divested a large portion of its activities to Semco Maritime, had a first quarter with improved revenue. In total, Bergen Group achieved a group level operating revenue of USD 46 million, an increase from the first quarter 2014, where the operating revenue came to USD 20 million.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Semco secures deal with Bergen Group after all
For subscribers
Bergen Group in complete exit from shipbuilding
For subscribers
Semco Maritime takes big hit from low oil price in 2014
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Norden's contract in Gabon runs for ten years and requires the shipping company to invest around DKK 280m. | Foto: Magnus Møller

Bulk

Norden's venture in Gabon runs smoothly one month after military coup

The shipping group has a major collaboration with a French-owned mining company in Gabon, where the military has taken power.

For subscribers

"As an SME – as we still like to call us today – and with the customers we are serving globally we really need to latch on and grow substantially to stay relevant to our customers," says Constantin Conrad, CEO, Leschaco Group. | Photo: Leschaco

ShippingWatch.com

Family-owned logistics company wants to grow 250 percent by 2030

For subscribers

An ammonia bunker ship that can be loaded with 150 tonnes of ammonia. Ammonia capacity needs to be significantly increased, according to the IEA. | Foto: Stefan Sauer/AP/Ritzau Scanpix

Regulation

Energy agency: Ammonia is crucial for shipping's green transition

For subscribers

Regulation

Lynn Loo urges shipping to "take steps outside its comfort zone"

For subscribers

The legal dispute centers on the cancellation of orders by Northern Drilling's two subsidiaries for two deepwater rigs at the Hanwha Ocean shipyard.

Offshore

Fredriksen company loses legal dispute with shipyard over cancelled drilling rigs

For subscribers

Regulation

IEA: Green fuels keep climate goals alive

For subscribers

German ports fear public savings
The expansion of German wind power and the import of green fuels are at risk if the state of Lower Saxony implements planned savings in the ports.
For subscribers
Navigare Capital cashes in from sale of several ships
The Danish investor, whose owners include Robert Mærsk Uggla, has taken advantage of high vessel prices. The timing was right, says the managing partner.
For subscribers
Union warns: Shipping still struggles to attract women
Shipping desperately needs female workers, but a cultural change is needed, says one union leader, as the work environment is ”extremely hostile.”
For subscribers
Lidl's shipping company makes changes to get more customers in store
Tailwind Shipping Lines was launched during the pandemic, when the German discount chain was struggling to get goods on the shelves.
For subscribers
Shanghai to set up first pan-Pacific green corridor with Los Angeles
The corridor is set up with some of the biggest shipping lines of the world like Maersk and CMA CGM.
For subscribers
Russia exempts gasoils, bunker fuel from export ban
Russia’s government has amended its fuel-export ban, excluding bunker fuel, gasoils and some middle distillates from the export ban imposed last week, shows decree published in the its legal database.
For subscribers

Lidl's shipping company makes changes to get more customers in store

Tailwind Shipping Lines was launched during the pandemic, when the German discount chain was struggling to get goods on the shelves.

For subscribers

Regulation

Lynn Loo urges shipping to "take steps outside its comfort zone"

The CEO of Global Centre for Maritime Decarbonisation, Lynn Loo, believes the shipping industry must be ready to take ”a little more risk” to achieve its decarbonization goals.

For subscribers

”We are happy with the results. Obviously, in funds like ours, you will see that the returns are slightly lower in the beginning during the build-up phase, where you invest in vessels and get contract coverage on them,” says Henrik Ramskov. | Foto: Pr / Navigare Capital Partners

Carriers

Navigare Capital cashes in from sale of several ships

The Danish investor, whose owners include Robert Mærsk Uggla, has taken advantage of high vessel prices. The timing was right, says the managing partner.

For subscribers

The coronavirus pandemic gave shipping a bad image as a workplace because thousands of seafarers were trapped on their ships for many months. Here, a seafarer is vaccinated in Bremen, Germany. | Foto: Mohssen Assanimoghaddam/AP/Ritzau Scanpix

Carriers

Union warns: Shipping still struggles to attract women

Shipping desperately needs female workers, but a cultural change is needed, says one union leader, as the work environment is ”extremely hostile.”

For subscribers

Tanker

Russia exempts gasoils, bunker fuel from export ban

Russia’s government has amended its fuel-export ban, excluding bunker fuel, gasoils and some middle distillates from the export ban imposed last week, shows decree published in the its legal database.

For subscribers