Stena grows revenue and profit

Swedish Stena AB managed to grow its revenue as well as profit in 2013. The carrier saw improvements in both ferry operations, drilling, and dry bulk.

BY LOUISE VOGDRUP-SCHMIDT

Stena AB, the parent company of Stena Line, Stena Drilling, and Stena Bulk, performed well in 2013. All segments grew, meaning that the parent company's profits increased from USD 4.14 billion in 2012 to USD 4.44 billion in 2013, and the company's profits before taxes similarly grew, to USD 319.8 million from USD 258.9 million in 2012.

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Stena grows revenue and profit

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs