Regional Container Lines profits plunge 90% in ‘challenging circumstances’

Thailand’s Regional Container Lines blames “market fragility” for a sharp drop in profits.

The Bangkok-based intra-Asian liner player said net profit was THB 585m ($16.6m) in the third quarter, 90% down on the THB 6.4bn in the same period last year.

PIL ties down forward fixtures of 7,500-teu newbuilds

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Revenues more than halved to THB 6.81bn