Maritime Transport insists that its effectiveness in "A to B" transport is indicated by its flourishing latest results. "We're not into 4PL logistics or things like that," says business development director Andrew McNab. "It's an extraordinarily hands-on business - it's a very simple, focused approach." Pre-tax profit for the container transport firm grew 24% in the year to December 2006, to £3.4m from £2.7m the previous year.
Turnover was up to £61m in 2006 from £57m in 2005, while operating
profit grew to £3.6m from £3m the year before. Managing director John Williams confirms that Maritime's strategy is to grow organically. He alludes to the possibility of considering acquisitions "but not simply to increase turnover," he states. The firm says profit benefited "significantly" in 2006 from the win of two contracts with Hyundai Merchant Marine and Hamburgsud.
Maritime invested £5.9m in new vehicles in 2006, and McNab says that has been continuing this year.
Reed Business Information Limited.©2008
