Meriaura Group: Sea freight market prices cooling down
The figures for the second quarter were below our expectations as the slowdown in the sea freight market was reflected in the company's results faster than expected. We lowered our assumptions on the long-term normalized performance of Marine Logistics and slightly increased our Renewable Energy estimates thanks to a significant contract.
Meriaura Group
Meriaura Group has two business areas: Maritime Logistics and Renewable Energy. Meriaura transports dry cargo and executes demanding project deliveries in Northern Europe. The company offers CO2 reducing marine transport services based on the use of recycled, in-house produced bio-oil. Meriaura Energy designs and delivers clean energy production solutions for district heating and industrial use worldwide, with Europe as the main market area.
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