SMIT Profits Up for 2004
Having completed a strategic reorientation over recent years, Smit International NV has posted mixed but generally good overall results for 2004. The groups Salvage Division experienced a high work rate throughout the year and recorded an excellent result while the Harbour Towage Division also did well. The Transport & Heavy Lift Division achieved a satisfactory utilisation rate for 2004 while only the Terminals Division recorded a result below expectations. Net profits rose slightly from 27.0m in 2003 to 27.5m last year.
The notified scheme will be applicable to regular maritime routes between two or more European ports. Transferring road traffic to maritime transport is one of the measures to combat road congestion proposed by the EC’s 2001 White Paper on European Transport Policy. The new scheme will cover both accompanied and unaccompanied transport.
M JInformation No: 20713
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