Royal IHC delivers second giant to Suez Canal Authority dredgingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dredgingtoday.com Daily Mail and Mail on Sunday newspapers.
Royal IHC: recovery in sight after challenging year
In 2020 IHC revenue declined to 737.7 million euro from 1,069.7 million in 2019. Order portfolio as of Dec 31 was 450.5 million (2019 - 689.8 million) Royal IHC achieved a negative EBITDA of EUR 199 million in 2020 (2019 -111.5 million) as expected, the IHC press release said.
NEW STRATEGY
The first half of 2020 was dominated by the refinancing and recapitalisation of Royal IHC. A strategy was also drawn up to focus the company on its core activities and bring the size of the organisation in line with a more realistic revenue expectation. The implementation of the transition plans and the strengthening of Royal IHC s position in the maritime sector followed in the second half of 2020.
Royal IHC: "Recovery In Sight" After Challenging 2020 marinelink.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marinelink.com Daily Mail and Mail on Sunday newspapers.
Dear Commission President Von der Leyen,
Dear Executive Vice Presidents Vestager and Dombrovskis,
For decades, the European Commission is fully aware that European shipyards suffer from a unique legal gap in trade defence instruments. Since ships are not imported into the EU customs territory, shipyards – in contrast to other manufacturers of goods – cannot benefit from trade defence protection, such as anti-dumping measures. Already in 1988, the European Commission concluded that “
The Commission could not refuse to allow this industry the trade defence weapons available to other industries and it will consider introducing a mechanism for a levy to offset the damage caused to European shipbuilding.” (2)