Blue Water Shipping's bottom line grew 80 pct

Blue Water Shipping had a good 2014 in which the bottom line grew by more than 80 percent and the revenue increased 11 percent. "Our position has been strengthened with increased market shares," says Blue Water Shipping CEO Kim Hedegaard Sørensen.

Photo: Presse

Blue Water Shipping announced ahead of Christmas 2014 that the company expected to deliver solid results for the full year, and the final numbers have now been published.

The company, based in Esbjerg, Denmark, delivered a 2014 revenue of USD 743.5 million, up 11 percent from USD 668.5 million in 2013, and significantly higher than Blue Water Shipping's expectations in December. The result before taxes - the bottom line - increased to USD 9.4 million in 2014, an 80 percent improvement from USD 5.2 million in 2013.

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