Clipper Group's Danish business still losing money

Clipper Group's Denmark-based activities are still operating at a deficit. The tanker division pulled the result down to a USD 19 million loss.

BY LOUISE VOGDRUP-SCHMIDT

Clipper Group A/S, a subsidiary of Clipper Group Ltd., suffered a deficit of USD 19 million in 2013, compared to a USD 70 million deficit in 2012. The deficit has been reduced even further compared to 2011, as the carrier lost USD 113 million in 2010.

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