RINA Reports Strong Growth

Tuesday, April 23, 2002
Italian classification society RINA has reported strong growth for its 2001 financial year. The consolidated revenues of the group were almost $94 million, up ten percent from last year's Euro 85.2 m. The pre tax operating margin was Euro 8.0 m, equivalent to 8.5 percent of the total revenues. Net profit after extraordinary expenses and investment in research and development and information technology was Euro 1.5 m. The shipping sector, RINA's traditional core business, accounted for Euro 60.6 m, sixty-six percent of the total revenues, the same as the previous year, in a mature business market. With the entry in class of the new cruise ships and cruise ferries, RINA has performed particularly well in an area of high added value, where RINA has a high profile. * 65 new contracts were concluded for newbuilding supervision on vessels aggregating 1.5m gt; * 184 new built ships entered RINA class, of an aggregate tonnage of 1.45m gt, more than thirty per cent more the total tonnage of ships entered in class during 2000. The total classed tonnage now stands at some 15.7 million gt.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Commodity Giant Steps out of the Shadows

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry,

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.0920 sec (11 req/sec)