The second half of 2014 forced Danish-based Semco Maritime into the red as the massive slide in the oil price along with restructuring costs resulted in a USD 9.9 million deficit, according to the company's annual report. Semco Maritime delivered a USD 5.6 million profit in 2013.
The supplier to the offshore industry had a busy first half of the year, but the markets came to a halt in the second half as the oil price plummeted, after which the major oil companies in particular became increasingly careful and have been performing layoffs and drastic investment budget cuts in the months since. Semco Maritime also performed a large impairment on a major contract, which had a negative impact on the result.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
DSV grows markedly in Latin America – from 30 to thousands of employees in 13 years
In 13 years, DSV has expanded vigorously in Latin America, and last year the region represented the highest growth rates in the logistics firm’s air and sea business. Large acquisitions have given access to new markets, says regional head in an interview with ShippingWatch.
Decline in spot rates may put pressure on carriers' contract earnings
Diving spot rates on container freight mean that more shippers are expected to want to leave the more costly long contracts, according to analysts. This may hit carriers such as Maersk, where seven out of ten are on contract. Futures indicate rate decline as well.
Maersk Broker sees stagnating sales of container, dry bulk ships
After an extreme year in both the container and dry bulk segments, which have seen several ship sales, trading is now stagnating somewhat. ”There are fewer buyers, but optimism isn’t gone,” Maersk Broker executive tells ShippingWatch.
A pair of Nikes will see marginal price increase from greener shipping
The price of usual consumer goods such as shoes and fridges will remain largely unchanged following the green transformation of shipping, concludes analysis by NGO Transport & Environment.
KPI Oceanconnect increased Asia volumes markedly last year
Bunker market uncertainty made its mark on KPI Oceanconnect’s business in 2021/2022, but the Bunker Holding subsidiary reports marked volume increases in Hong Kong and China.
Senior Sales Manager 
Assistant Operations Manager 
Safety Leadership & Transformation Manager 
Head of Airfreight 
Senior Legal Counsel with a focus on Offshore Renewables 
Head of Vessel Operations 
Crewing officer