Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Wisdom Marine records improved earnings in 2015

Wisdom Marine records improved earnings in 2015
Taiwan’s dry bulk shipowner Wisdom Marine has recorded improved earnings for the financial year 2015 compared to the previous year.

The Taipei-listed firm posted a profit before tax of $70.89m, an increase of 19.1% from the pre-tax gain of $59.54m in 2014.

Revenue for last year came up to $346.95m, a rise of 16.1% compared to $298.86m in the previous financial year, Wisdom Marine announced on its website.

The Taiwanese shipowner focuses on the smaller handysize bulkers but has diversified into the larger kamsarmaxes as well as the medium-sized supramaxes.

The global dry bulk shipping market, which Wisdom Marine operates in, is currently battered by record low rates with the Baltic Dry Index (BDI) falling to 467 points on Wednesday.