ShippingWatch

Wrist sees strong growth in revenue and profits

The Wrist Group, which includes OW Bunker and Wrist Ship Supply, increased its revenue by 20 percent in 2012. Profits before taxes went up by 16 percent, according to the company's annual report.

The Jutland-based Wrist Group experiended a rise in sales of no less than 20 percent in 2012, landing at USD 14.6 billion, according to the Group's annual report.

Additionally, the Wrist Group, which includes one of the world's largest bunker companies, OW Bunker, as well as the world's biggest supplier for ships and offshore installations, Wrist Ship Supply, made a profit before taxes of USD 76.4 million, a 16 percent improvement compared to the previous year.

Read the whole article

Get 14 days free access.

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 Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs