That total includes an orderbook of 500 ships of over 4.5m gt – mainly in sectors where shipbuilding activity remains strong, such as cruiseships, passenger ferries and ro-ro, and yachting.
Overall, improved marine business drove a 3% growth in consolidated revenues to €437m in 2017.
Oil & gas business declined by 9%, reflecting reduced exploration & production activity on account of lower oil prices, but RINA says it has compensated by moving into new market niches and geographical areas less affected by the slowdown such as Malaysia, Mexico and Mozambique.
“Results were basically in line with the previous year, despite the continuing difficult situation of the oil & gas sector globally and the uncertainty caused by Brexit,” commented RINA chairman and ceo Ugo Salerno, who dubbed 2017 a “year of consolidation” for the group.
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