Skuld's profit slashed 50 pct in first half of 2015

Norwegian marine insurer Skuld finished the first half of the year with a profit of USD 9 million, down more than 50 percent compared to the same period last year.

Photo: Skuld

Ståle Hansen, president and CEO of marine insurer Skuld, can look back at his first six months as Chief Executive as a profitable period, though the company saw its result decline. Skuld has just published its second quarter interim report and half-year 2015 result, showing a profit of USD 9.0 million, down more than 50 percent from the same period 2014, where the company's profit came to USD 20.0 million.

The new CEO is still pleased with developments in the first six months of the year:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs