Chairman: Niche businesses more important to Blue Water

Oil, gas, and wind, food transports and cruise ship logistics pulled Blue Water Shipping solidly through the crisis when the slowdown hit the traditional freight of industrial cargo. And the "niche-like" businesses continue to grow, says Chairman Kurt Skov to ShippingWatch.

Photo: PR

"We have to develop all over the world, but it'll be a slow and controlled with the Nordic countries including the Faroe Islands, Iceland, and Greenland as our home market," says Chairman Kurt Skov, Blue Water Shipping, to ShippingWatch, following an annual report for 2012 where the company, for the third year in a row, presents record-high numbers for revenue as well as profits.

Revenue increased by 19 percent, from approximately USD 607.4 million to USD 711.6 million. Profits before taxes came in at USD 14.7 million, compared to USD 13.1 million in 2011.

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