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.

Q3 profit falls for Singapore Shipping Corp

Q3 profit falls for Singapore Shipping Corp
Singapore: Singapore Shipping Corporation (SSC) posted a drop in third quarter net profit as revenue inched up.  

The Singapore-listed company registered profit of $1.58m in the quarter ended 31 December 2012, a 12.6% decrease compared to $1.81m in the same period of 2011.

Revenue at SSC rose slightly by 0.9% year-on-year to $5.03m.

“The group's business model of being a tonnage supplier to blue chip operators on long-term charters has effectively sheltered us from the negative effects of the globally depressed shipping industry and the on-going financial volatility,” said Singapore-listed SSC.

“We will maintain this successful strategy while looking to increase the fleet when there are attractive opportunities.”

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish