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Article: Faroe Islands: Wilh. Wilhemsen warns of difficulties ahead as it posts $3.4bn income.(Financial report)
- Article from:
- TendersInfo
- Article date:
- February 13, 2009
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Byline: sandesh03
NORWEGIAN shipping group Wilh. Wilhelmsen has reported an operating income for 2008 of $3.4bn, a 25% increase on 2007, but warned that it faces increased scrapping activity, redeliveries and possible cancellations of its orderbook as it looks to a highly uncertain 2009.
The Oslo Bors listed company, which has divisions focused on shipping, logistics and marine services, reported that it has already sold one vessel, the 26-year-old Takayama, for scrap and one vessel on order is being delayed by a year, to be delivered in 2012.
Group chief executive Ingar Skaug, however, believes that the company s fleets, spread across three ...