Tokyo-listed Inui Steamship posted a first half loss against the backdrop of a tough dry bulk market.
The MOL subsidiary recorded a negative JPY 49m ($630,000) against and JPY 1.2bn profit in the same period a year ago.
Operating profit also collapsed although, at JPY 18m, it managed to stay in the black.
Revenue held steady over the period at JPY 6.9bn.
The