Shreyas Shipping & Logistics has seen its profit for the fourth quarter squeezed as revenue took a small hit.
The Indian boxship owner posted net earnings of INR 133.4m ($2m), compared to INR 350.2m in the corresponding quarter of 2015.
Shreyas’ profit came on the back of lower revenue of INR 820m, down from INR 825m.
The company said it had more drydocking costs during the period.
Shreyas
