ShippingWatch

Acquisition grows bottom line at Shipping Holding

Shipping Holding, part of Torben Østergaard's USTC group, achieved growth on the bottom line after a major acquisition in the past fiscal year. More acquisitions are in store for the company.

Søren Gran Hansen, adm. direktør i Shipping Holding | Photo: Presse

Shipping Holding, based in Danish city Fredericia, booked its best result ever before taxes in the displaced fiscal year from May 1, 2016 to April 30, 2017.

The company, which is part of Torben Østergaard's USTC group, also achieved a growth in revenue, particularly due to the acquisition of Swedish company Transfargo and Danish agency company Rasmus Christensen Eftf., according to the report.

Read the whole article

Get 14 days free access.
No credit card required.

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

Banks predict more upgrades from container carriers

Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.

Further reading

Related articles

Trial banner

Latest news

See all jobs