Shipping and bunker group USTC sees profits slashed in half
The results of company Selfinvest, which consists of the USTC group's businesses, dropped 50 percent to DKK 201 million after taxes. "The industry is experiencing rough seas like never before," says Torben Østergaard-Nielsen about the result.
BY LOUISE VOGDRUP-SCHMIDT, SHIPPINGWATCH
The crisis in shipping has now dealt a major blow to the Danish USTC group, which owns leading bunker supplier Bunker Holding.
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:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Statoil and partners struck oil in the Arctic
For subscribers
Total to sign milestone Iran gas deal since sanctions eased
For subscribers
Maersk selling its share in UK oil field
For subscribers
.jpg&w=384&q=75){kind=logo}
