Fortress SITC – liner shipping's insulated star performer
Is it a bird? Is it a plane? Nope, it’s a ship
Norbert Dentressangle’s excellent prospects were reaffirmed on Thursday, and are even brighter if possible, after the company announced 2014 full-year revenue of €4.7bn, for a 15.8% annual increase on a reported basis, and a 4.1% rise on a like-for-like basis.
Currency swings contributed to 1.7% of that rise in 2014, it added. However, the company may need to cut its debt.
Ahead of full year results, which are due on 26 February, ND announced that the logistics unit, now the group’s leading ...
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