Hong Kong-listed Great Harvest Maeta recently warned of a bigger loss for the financial year ended 31 March 2015 compared to 2014, due mainly to the unfavourable operating environment of the shipping market and impairment losses of the group’s vessels.
“With difficult shipping market condition and challenging operating environment ahead, the group intends to identify new development opportunities, expand our scope of business and diversify our income stream by actively expanding into other businesses apart from shipping business,” the company said.
At present, Great Harvest Maeta operates two panamaxes and one capesize, with another panamax bulker under a finance lease arrangement to a third party, according to the company website.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
