ShippingWatch

Exmar's bottom line cut in half

Belgian LNG and offshore carrier Exmar saw its bottom line plummet by more than 50 percent the first half year of 2015. One key factor is a weak LNG market, explains the company, which recently signed a major cooperation agreement with John Fredriksen.

Exmar partner Flex LNG

Exmar came out of the first half year with a decline in both revenue and profits.

Turnover fell to USD 58.9 million in the first half year, down from USD 71.8 million in the same period last year. Simultaneously, the major Belgian tanker company's earnings amounted to USD 23.4 million in the first half of this year, a decline of more than 50 percent compared to the company's performance in the corresponding period of last year, which amounted to USD 52.4 million.

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

Bimco sets up Brussels office

The shipping organization faces the consequence of the EU having in a short time span manifested itself as the trendsetting international legislator within climate, and establishes an office in Brussels, ShippingWatch learns.

Further reading

Related articles

Latest news

See all jobs