Shipping company Dannebrog Rederi back in black

As predicted by Chairman Johan Wedell-Wedellsborg, 2012 became the year Dannebrog Rederi returned to black figures on the bottom line, following three straight years of losses. Most recently, the shipping company made a USD 9.4 million deficit in 2011.

BY KATRINE GRØNVALD RAUN

Published: 31.05.13 at 11:19

Following three years with deficits, Dannebrog Rederi, based in Rungsted, Denmark, can finally present a positive result on the bottom line, according to the shipping company's annual report 2012. From a net deficit of USD 9.4 million in 2011, the shipping company made USD 6.8 million in profits last year, and the company had USD 49.3 in equities on December 31st 2012. However, net revenue declined from USD 22.4 million in 2011 to around USD 10 million in 2012.

Manegement describes the results as "very satisfactory":

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

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.