Reports / April 25 2024

Annual Report 2023

Annual Report

With a consolidated profit before tax of USD 30.7m and the ordering of four highly efficient newbuilds, 2023 was a strong year for Grieg Maritime Group.

2023 was a highly volatile year geopolitically, with fluctuating markets. We operate in a post-covid world harmed by brutal conflicts. From the business perspective, Grieg Maritime Group saw reduced freight rates, upward pressure on vessel operating costs, and favourable currency effects. The latter positively impacted personnel costs and financial items. Strong equity and bond markets were also positive.

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