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Q3 profit falls for Singapore Shipping Corp

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

Marcus Hand, Editor

February 5, 2013

1 Min Read
Kalyakan - stock.adobe.com

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.”

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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