Profitability and downsizing at IHC Merwede

Another IHC Merwede cutter suction dredger is launched at the Sliedrecht yard in the Netherlands.

The Dutch builder of dredgers and other specialised vessels, IHC Merwede, saw its revenue increase slightly to €1.13bn last year compared to €1.09bn in 2008, but with net profit down to €57m from €76m.

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