ShippingWatch

Esvagt delivers record-profit in tough offshore market

The offshore carrier Esvagt, which Maersk may be on its way out of, had a 2014 with growth in both profits and revenue. Management is pleased with the result and expects to deliver at the same level this year.

The Danish offshore carrier Esvagt, with business in the North Sea, grew in 2014.

Revenue in the carrier grew in 2014 to USD 135.7 million, an increase from USD 127.2 million in 2013. Meanwhile, the earnings grew to USD 36.3 million in 2014, from USD 36 million in 2013.

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
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 rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs