Thailand’s Regional Container Lines (RCL) has shrugged off a huge drop in profits by making a brace of container feeder acquisitions.
The Bangkok-listed company is spending a total of $47.3m to purchase a 1,930-teu newbuild and a 1,700-teu secondhand sub-panamax.
That is despite a 90% drop in net profits in the first quarter of the year.
