Semco Maritime receives fresh capital after two tough years
Semco Maritime has received a capital injection of DKK 150 million from owner C.W. Obel. The company has been hard hit by low oil prices in recent years, and the capital increase is happening, according to Semco CFO Jørgen D. Gade, in order for new strategy to be realized.
BY SØREN PICO, SHIPPINGWATCH
Two consecutive years with a red bottom line and a 2016 poised for yet another major loss at Semco Maritime now means that the company is receiving additional capital from its owner C.W. Obel in order to pad net equity.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Semco's major Africa order ended up in a bitter fight
For subscribers
Huge claims crumble in legal aftermath of OW Bunker collapse
For subscribers
Vattenfall deals out orders for wind farm monitoring
For subscribers
.jpg&w=384&q=75){kind=logo}