Brazil's Wilson Sons 2012 Profit Down Slightly

Press Release
Wednesday, March 20, 2013

Wilson Sons Limited announces its results for the Fourth Quarter and full year 2012.

Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards.

The Company's Net Revenues reached USD 645.3M, and EBITDA USD 151.5M for 2012, 7% lower than the previous year. The drop is mainly a result of the end of a temporary Petrobras operation with Brasco, as well as the discontinuation of dedicated operations in the logistics business.

"We will remember 2012 as the year we concluded important projects which significantly improved capacity. Despite the challenging economic environment with reduced trade flow, the Company celebrated its 175th Anniversary and successfully inaugurated the expansion of Tecon Salvador and the new Guaruja II shipyard facility" said Cezar Baiao , CEO of Operations in Brazil.

Wilson Sons posted record revenues in the Towage, Offshore Vessels and Shipyard businesses, and Net Income for the Company grew by 28%, to USD 48.0M. Cezar Baiao was, however, cautious with the outlook:
"We remain optimistic with the opportunities brought with new capacity, and conscious of the challenges ahead", concluded the CEO.

Wilson Sons ' full Q4 and 2012 Earnings Release is available here.

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

People & Company News

SAAM SMIT Towage Orders Damen ASD Tug

SAAM SMIT Towage, a joint venture between SAAM S.A. of Chile and Dutch company Royal Boskalis Westminster N.V., has signed a contract for the purchase of a Damen Tug 2913 for delivery in early 2016,

Scandinavian Bunkering Names Vinde Managing Director

Marine fuel supplier Scandinavian Bunkering A/S announced today that Erik Vinde has been appointed as Managing Director, effective from August 1.   Vinde joined Scandinavian Bunkering in 2006,

NSSLGlobal Trials Wi-Fi with British Royal Navy

Satellite communications provider NSSLGlobal announced the trial of its Wi-Fi service across selected British Royal Navy and Royal Fleet Auxiliary ships. The service,


Saudi Shipper Bahri Q3 Net Profit Rises

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 501 percent increase in third-quarter net profit on Tuesday.

Noreco CEO Quits

Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt

BSM Completes Global Management Program

Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its

Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.1910 sec (5 req/sec)