Danish bulker and ferry owner Clipper Group has turned in a loss for 2017 due to ship sales and the reorganisation of its business.
The company said in its annual report: "While all underlying activities experienced growth and had positive developments, operating result is negatively impacted by the reorganising of the underlying business and the sale of vessels."
Clipper Group does not publish its results, but Clipper Group A/S, which owns the ro-paxes, revealed an operating loss for 2017 of $12m compared to profit of $10m in 2016.
