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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

DP World Logs 3.0% Growth

DP World Limited handled 61.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2015, with gross container volumes growing by 3.

Cyprus Shipping 'Navigates' the Country to Recovery

Cyprus shipping sector has evolved in the recent years as one of the leading sectors of the economy and “navigates” Cyprus to economic recovery, President of the

Sardines Boost Murmansk Port Turnover

In January 2016 turnover of the Murmansk Marine Fishing Port reached 22 thousand tons of cargo, including 15 thousand tons of fish. This is higher than last year,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Winch
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: 0.0719 sec (14 req/sec)