Weak newbuilding market hits Erria

The slowdown in the newbuilding market hit Erria's consultant division and the company experienced a decided decline in the first quarter. This was expected, says CEO Henrik N. Andersen in the interim report. Erria maintains guidelines for the entire year.

Photo: ERRIA

The listed consultant and ship management company Erria experienced a decided decline in the first quarter of the year where the result came to about USD 93,000 compared to USD 441,000 in the same period last year, according to the recently released report. Revenue fell to USD 3 million compared to USD 3.8 million in the first three months of 2014.

It is especially the business area Consulting, which does consulting as well as supervision of building and renovating ships, that has experienced a decline, says CEO Henrik N. Andersen in a comment to the report.

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