RCL reported a loss of THB1.65bn ($50.6m) for 2013 compared to a loss of THB1.93bn in 2012. The company said continued overcapacity contributed to the loss.
The intra-Asia and feeder box line said it lost THB939m in the fourth quarter of 2013 hit by provisions of THB722m for vessel impairment and THB155m for a onerous contract.
The line saw its annual volumes decrease by 6% to 2.09m teu, and by 10% in the fourth quarter to 495,167 teu.
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