Lower revenue from all operating segments has brought a 41% decline to Samudera Shippine Line’s net profit in the second quarter.
The Singapore-listed owner booked after-tax profit of $1.9m, compared to $3.2m a year earlier.
Its quarterly revenue stood at $66.3m against $81.3m due to the company’s smaller fleet.
Samudera has disposed of a few ships since late 2015 and along with the drydocking of two supramaxes between March and June, its bulk and tanker business posted revenue of $8.1m,
