Swire Blue Ocean suffered a deficit in 2014

A rough market for offshore wind hit Swire Blue Ocean in 2014 and caused the company to take a dive from a profit in 2013 to a deficit in 2014.

BY LOUISE VOGDRUP-SCHMIDT

In 2014, Swire Blue Ocean felt the consequences of a still rough offshore wind market. The recently released annual report is a testament to this as the result fell from a profit of USD 9.4 million in 2013 to a deficit of USD 5 million in 2014.

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Swire Blue Ocean suffered a deficit in 2014

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Swire Blue Ocean: New strategy in the pipeline

Swire: 2015 and 2016 will be good

A2Sea: Offshore wind vessel rates down by 40 percent

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Front page now

Ukraine's grain exports halves in one year

Navigare Capital cashes in from sale of several ships

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs