Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsAsiaCost savings put RCL back in the black in Q3

Cost savings put RCL back in the black in Q3

Cost savings put RCL back in the black in Q3
Cost control and services changes helped push Regional Container Lines (RCL) back into the black in the third quarter of 2014.

RCL reported a third quarter net profit of THB60m compared to a THB222m loss in the same period a year earlier.

“Stringent cost control, realignment of services and fleet deployment as well as selective product mix have contributed to the operating gain of THB50m in 3Q 2014, before a gain on sales of fixed assets,” the company said.

The company booked a gain of THB11m in the third quarter on the sale of containers.

Total volumes declined 9% year-on-year in Q3 to 474,594 teu.

TAGS: Containers RCL
Related
Wartsila-methanol-engine.png
Wärtsilä bags China's largest methanol newbuild engine order
Apr 25, 2024
GSBN container
MSC works with GSBN to boost lithium battery shipments safety
Apr 25, 2024
Stacked containers in port of Los Angeles
Mixed signals on container freight rates as Red Sea alarm subsides
Apr 24, 2024
Hengli newbuild bulker
Hengli bags four bulkers from Ciner Shipping
Apr 24, 2024