Massive turnover growth for Danish breakbulk specialist
Over the past three to four years, Blue Water Shipping saw a significant expansion of its entire organisation and this positive development continued in 2013 with the addition of ten new offices – some of which were acquired through acquisitions. These factors transformed Blue Water Shipping into a more broader-based and stronger company last year.
In line with the expansion, Blue Water noted a record turnover of DKK 4.483 billion (USD 817 million) in 2013, an increase of DKK 348 million (USD 63 million) or 8.4% more compared to 2012. Last year's earnings before tax amounted to DKK 35 million (USD 6.4 million), a slight drop compared to the DKK 85 million (USD 15.5 million) for 2012.