ShippingWatch

Stena group's bottom line takes significant hit

The bottom line dropped 83 percent in the second quarter, reveals Swedish shipping group Stena's most recent interim report. However, some of the group's maritime businesses saw a growth in the operating result. The biggest increase is found in tanker.

Photo: Carsten Ingemann

Despite a growth in revenue across the Stena group's overall business, the Swedish group's bottom line plummeted significantly, shrinking 83 percent in total.

The group's net result thus lands at SEK 283 million (USD 28.9 million) for the second quarter compared to SEK 1.75 billion in the same quarter last year, shows the interim report published yesterday.

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