ShippingWatch

Semco Maritime sees slower growth

Following several years with significant growth rates, Semco Maritime came back down to earth in 2013 with a decline in revenue as well as profits. "Not satisfactory," says CEO Steen Brødbæk.

Esbjerg-based Semco Maritime noted a decline in revenue as well as profits in 2013 due to a slower activity level in several of the company's markets.

Revenue in 2013 came to around USD 425.9 million, down from a historical high last year of USD 444.4 million, while the profit (EBITDA) finished at USD 15.5 million, compared to USD 23.8 million in 2012, corresponding an EBITDA margin of 3.6 percent versus 5.3 percent in 2012.

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

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs