XO Shipping improves result in 2014

The dry bulk carrier XO Shipping achieved a result of USD 2.9 million in 2014, which is an increase compared to 2013. Revenue grew by USD 40 million, according to the financial report.

BY KATRINE GRØNVALD RAUN

It came to small gains for the Danish dry bulk player XO Shipping in 2014 which was a year, described by industry stakeholders as one of the worst ever. Nonetheless, XO Shipping was successful in bringing the result up to about USD 2.9 million, which is an increase compared to the previous year, where the result landed at USD 2.5 million.

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

Seven Seas: Customers' green ambitions and actions don't align

DSV's strategy could block acquisition of DB Schencker

German bank to broker CO2 allowances to shipping customers

Jobs