RCL suffers US$25.8 million loss after US$15.4 million profit in 2010

2012 03 07


THAILAND's Regional Container Lines (RCL) posted net loss of THB780 million (US$25.8 million) for 2011 following a THB465 million profit in 2010.

The Thai-listed company attributed poor performance in 2011 to over-capacity and rising fuel costs in a "weak shipping environment and stiff competition", particularly in the fourth quarter, when it posted a THB392 million net loss.

RCL also suffered a throughput decline of seven per cent last year to 2.3 million TEU. RCL operates thirty-eight 500- to 2,700-TEU ships.

Source Shipping Gazette - Daily Shipping News
 

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