Norwegian fertiliser group Yara International profits plunged due to lower commodity margins. Yara International reported net earnings of NOK 699 million compared with NOK 3 billion in 2016. Norwegian LPG carriers and fertiliser group Yara International announced the fertilizer trade is challenging with obvious over-supply of urea and additional nitrogen products.
In 2016, Yara International acquired $270 million LPG carriers from Hyundai Mipo Dockyard (HMD). Norwegian LPG carrier and fertiliser group Yara International requires around 18 LPG carriers to operate. Furthermore, Yara International will proceed to charter in additional LPG carriers.
Norwegian fertiliser and LPG carrier giant Yara International reported weak Q3 2017 results. Yara International reported Q3 2017 net profit as NOK 709 million. Norwegian fertiliser and LPG carrier giant Yara International accused costlier energy and weaker US dollar. Yara International is led by CEO Svein Tore Holsether.
In 2016, Norwegian fertiliser giant Yara International invested $270 million to acquire five (5) new building LPG carriers from Korean shipbuilder Hyundai Mipo Dockyard (HMD).
In 2017, Norwegian fertiliser and LPG carrier giant Yara International plans to charter in up to 18 LPG carriers to cover the company’s commitments.