Belgian maritime group CMB has announced a consolidated profit after taxation for the first half of 2010 of €85.7 million (US$110.5 million), up 38 percent from 2009.
Drybulk business unit Bocimar contributed €42.8 million to the consolidated result for the first half of 2010, down from €64.5 million.
While markets for the transport of dry bulk have seen a considerable downward correction in recent weeks, especially in the Capesize segment, CMB said this would have little or no material impact on Bocimar's performance as a result of the previously secured cover of its fleet for the remainder of the year.
Bocimar's result for the first half of 2010 takes into account capital gains for a total amount of €10.1 million, realised on the sale of 'Mineral Monaco' and 'China Venture'.
