Fewer newbuildings impact Alfa Laval's 3rd quarter

Fewer newbuildings lead to fewer orders in the marine segment at Swedish Alfa Laval. This development is offset by an increasing demand for environmental solutions, says the company, which landed a USD 93.9 million profit in the 3rd quarter.

Fewer orders at shipyards earlier this year are starting to impact Swedish supplier Alfa Laval, says the company in its 3rd quarter interim report, where the order intake at the group's Marine & Diesel division declined somewhat compared to the same period last year.

This development is especially attributed to the fact that several major boiler contracts for large ship series are being completed, though this is also caused by a development from shipbuilders earlier this year, notes CEO Lars Renström.

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

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs