Jotun Marine Coatings is the world's leading provider of marine coatings to shipowners and managers active in the newbuilding and dry-dock / maintenance markets.
Jotun enjoyed remarkable growth in the Marine Coatings segment in 2015, but with tonnage supply likely to outstrip transportation demand in the years ahead, the company expects more modest growth going forward.
Overall, Jotun recorded a sales growth in excess of 20 per cent for marine coatings in 2015. Growth was especially strong in China and South Korea. Jotun’s strong sales growth, combined with favourable raw materials prices and effective cost controls, helped Jotun improve profits in the segment.