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RCL bucks container shipping trend with improved 2015 profit

Bucking the trend in boxshipping Thai-listed Regional Container Lines (RCL) reported an improved profitability in 2015 despite carrying lower volumes.

Marcus Hand, Editor

February 29, 2016

1 Min Read
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RCL said that including gains from sales of fixed assets it made a THB442m ($12.37m) profit in 2015 compared to THB362m in 2014. In Q4 2015 it reported a net profit of THB248m against THB166m in the same quarter a year earlier.

The company said that “stringent cost control and the strategic realignment of services as well as fleet deployment, selective product mix and the reversal of provision for loss on impairment of assets”, had contributed to its fourth quarter profit.

The realignment of services and an oversupply of containership capacity was reflected in a 8% decrease in annual volumes to 1.75m teu.

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RCL

About the Author

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.

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