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 November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


EuronavSells Suexmax Cap Laurent

Euronav NV announced the sale of its Suezmax Cap Laurent for $22.25 million. The 1998-built 146,145-dwt vessel was wholly owned by Euronav.    The vessel was

It's All in the Planning

Continuing voracious demand for mined materials in China, India and other developing nations has led to an associated requirement for increased bulk terminal capacity

Torm Orders Four Tankers in $200 mln Deal

Danish shipping company Torm has signed an order for four fuel-efficient LR2 (long-range) product tanker vessels from Guangzhou Shipyard International in China for $200 million.

Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.0740 sec (14 req/sec)