ShippingWatch

Wilh Wilhelmsen's dragged down by RoRo activities

Shipping and logistics group Wilh. Wilhelmsen achieved improved operations overall, though profits from RoRo and logistics decreased.

Photo: Presse

Norwegian shipping and logistics group Wilh. Wilhelmsen achieved an operating profit of USD 80 million in the 2nd quarter 2014, compared to USD 106 million in the same periode last year. The result was negatively affected by USD 22 million in costs related to the restructuring of Wilh. Wilhelmsen ASA, which operates the group's car and RoRo activities, according to the company's interim report, published Thursday.

Wil. Wilhelmsen ASA achieved an operating profit of USD 57 million in the 2nd quarter, compared to USD 82 million in the same period 2013. The combined profits of the company's RoRo and logistics activities came to USD 682 million, for a net result of USD 26 million, compared to a bottom line profit of USD 92 million in the 2nd quarter last year.

Read the whole article

Get 14 days free access.

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
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

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs