GL Announces Good 1H Results

Thursday, September 13, 2001
Germanischer Lloyd (GL) recently presented the key figures for the first half-year of 2001. Rainer Schöndube, Executive Board Member in charge of financial affairs, said: "The positive developments in turnover and performance for the first half of 2001 lead us to expect a Group result for the entire year that is about as good as last year's." The turnover of the GL Group grew in the first half of 2001 by 11.4 percent to 81.0 million EUR (previous year: 72.8 million EUR). This growth must mainly be ascribed to the increased revenue in newbuilding classification as well as a volume-related growth in the attendance to the GL fleet in service. With consideration of the increasing operating costs, a result before tax of 5.1 million EUR was achieved. In relation to the beginning of the year, the orders on hand for seagoing newbuilding tonnage to be classified increased by 33.5 percent according to tonnage and 31 percent by number of ships. For the fleet in service, the tonnage increased by 5 percent to 34.8 million GT since the beginning of the year. As Consul Schöndube noted: "On the basis of our current order position (518 seagoing ships with 8.5 million GT) and the growing fleet (5,026 seagoing ships with 34.8 million GT), we expect for the entire Group - despite the weakening of the container markets - a gross operating performance for the year 2001 that lies in the region of that of the previous year and a result which should almost reach the good figure attained in 2000. Without reservation, we can say that the Executive Board is facing the rest of the year with optimism and confidence."
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Deep Sea Supply takes Delivery of 'Sea Triumph'

The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Colombia's Ecopetrol Sees Recovery in 2015

Colombia's top energy company Ecopetrol is targeting production of 1 million barrels of oil equivalent per day in 2015, a steep recovery over this year, clouded

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2014 sec (5 req/sec)