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RCL deeper in the red

RCL deeper in the red
Thai box line Regional Container Lines (RCL) has reported a loss of THB222m ($7m) in the third quarter, an increase on the THB216m lost in the same period last year.

Liftings in the third quarter also fell; for shipper owned containers by 15% to 255,989 teu and by 8% for carrier owned containers to 267,911 teu, giving a total decline of 12% to 523,900 teu.

Turnover for the period fell 3% to THB3.4bn.

Reductions in disposal gains from THB40m in Q3 2012 to THB10m last quarter were offset by an exchange loss of THB14m, compared to a THB10m gain in the same period last year.

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