The Svitzer Group reports an improved result for the first half of 2010, despite low port towage activities around the world. The revenue was USD 401 million, compared to USD 363 million the corresponding period last year. The net result was USD 73 million, up from USD 34 million. The improved result is due to a sale of Svitzer’s 14.3 per cent share in Flinders Ports in Australia.
“I think we are satisfied with the result, taking everything into account”, says Jesper Lok, CEO of Svitzer.
In the first half of 2010 Svitzer took delivery of five newbuildings and expects to take delivery of another four units in the second half of 2010. Svitzer has an order book of 37 units for delivery in 2011 and 2012.
“I think we are satisfied with the result, taking everything into account”, says Jesper Lok, CEO of Svitzer.
In the first half of 2010 Svitzer took delivery of five newbuildings and expects to take delivery of another four units in the second half of 2010. Svitzer has an order book of 37 units for delivery in 2011 and 2012.