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Shih Wei registers lower profit in 2013

Taiwan's Shih Wei Navigation has recorded lower earnings in the financial year ended 31 December 2013.

Lee Hong Liang, Asia Correspondent

April 9, 2014

1 Min Read

Kalyakan - stock.adobe.com

The Taiwanese bulk carrier owner posted net profit of TWD353.43m ($11.72m) in 2013 compared to a gain of TWD725m in 2012.

Revenue last year, however, rose to TWD4.65bn from TWD4.13bn a year ago. Shih Wei registered operating costs of TWD4.11bn compared to TWD3.62bn in 2012.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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