marine link image

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

Report: Over 20 Commercial Ships Transit Hormuz

Report: Over 20 Commercial Ships Transit Hormuz

CMA CGM Acquires Fattal Group

CMA CGM Acquires Fattal Group

Democratic Republic of Congo Copper Exports Fall 15%, Cobalt Rebounds

Democratic Republic of Congo Copper Exports Fall 15%, Cobalt Rebounds

New Pedestrian and Cycle Bridge Transported to Stockholm by Sea

New Pedestrian and Cycle Bridge Transported to Stockholm by Sea

Subscribe for Maritime Logistics Professional E‑News

As the Middle East conflict shakes markets, global companies are delaying IPOs and cutting dividends.
Canada's oil and gas revenues will surge due to the Iran war but new investments are being held back.
China ordered Maersk and MSC not to operate Panama ports, according to FT.