BW Offshore finally in the black in second quarter
The BW Group's listed offshore carrier BW Offshore logged a net profit of USD 5.2 million and finally closed a quarter without a deficit for the first time since the second quarter 2015, shows the latest report.
BY KATRINE GRØNVALD RAUN, SHIPPINGWATCH
Oslo-listed BW Offshore was finally able to book a profit in this year's second quarter landing a net result of USD 5.2 million. In the same period last year, the offshore carrier, which is part of the BW Group, booked a loss of USD 4.4 million, shows Tuesday's interim report.
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