07/05/2015at 13:57

Semco Maritime takes big hit from low oil price in 2014

The dramatic decline in the oil price last year sent Semco Maritime into the red with a USD 9.9 million deficit. The company delivered a profit of USD 5.6 million the year before.

BY KATRINE GRØNVALD RAUN

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.

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