German Marenave in costly impairment

Marenave is once again forced to impair, this time sending the German carrier into the red, according to the company's interim report for the first nine months of the year.

Photo: Hamborg Havn

An impairment of EUR 27.4 million means that German Marenave Schiffahrts suffers a deficit in the first nine months of the year, according to the carrier's interim report, in which the company books a net loss of EUR 27.1 million, compared to a profit of EUR 2.2 million in the same period last year. The impairment was planned, says the carrier in the report.

This is not the first time the German carrier - which operates ships in the tanker and container segments - is hit by major impairments. Marenave has been headed by Danish Ole Daus-Petersen since December 2013.

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