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HomeMaritime NewsRegionsAsiaRCL profit and liftings slip in second quarter

RCL profit and liftings slip in second quarter

RCL profit and liftings slip in second quarter
Regional Container Lines (RCL) has reported a THB55m ($1.5m) profit for the second quarter, down from THB294m in Q2 2014, as container volumes fell during the period.

Overall, liftings fell 7% compared to the same period last year, to 443,684 teu. Shipper Owned Container (SOC) vessels liftings were down 10% at 205,967 teu, while Carrier Owned Container (COC) liftings decreased 5% 237,717 teu.

Operating costs were down 8% for the quarter to THB2.7bn, as bunker prices fell and fewer liftings were carried out.

A disposal gain of THB7m was recorded for the sale of old containers, leaving a THB48m operational profit for the quarter.

TAGS: Containers Finance & Insurance RCL
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