Vopak Reports Mixed Quarterly Results

July 27, 2022

(File photo: Vopak)
(File photo: Vopak)

Vopak's quarterly revenues and core profit beat expectations on Wednesday but its net income fell short, as the Dutch tank storage company recorded asset impairment charges.

The group reported a net profit of 53.5 million euros ($54.30 million) in the second quarter, below analysts' average estimate of 75.3 million.


($1 = 0.9852 euros)

(Reuters - Reporting by Juliette Portala and Dina Kartit; Editing by Muralikumar Anantharaman)

Logistics News

Strong Vessel Demand, Rates Lift Maersk Outlook

Strong Vessel Demand, Rates Lift Maersk Outlook

Ballast Water Tech: ERMA FIRST’s Portfolio for Shipping's Next Chapter

Ballast Water Tech: ERMA FIRST’s Portfolio for Shipping's Next Chapter

The US Says More Oil is Leaving the Middle East, but is it really?

The US Says More Oil is Leaving the Middle East, but is it really?

Greensea IQ Launches Autonomous Hull and Infrastructure Inspection Robot

Greensea IQ Launches Autonomous Hull and Infrastructure Inspection Robot

Subscribe for Maritime Logistics Professional E‑News

Maguire: The boom in renewable energy in Europe is causing a fall-off of gas demand.
European shares edge up as lower crude offsets the geopolitical uncertainty
Iran and the US claim competing control of Strait of Hormuz