Hong Kong-listed Rongsheng, which has been forced to lay offworkers and requested state assistance, secured contracts to build just two capesizevessels during the period while it handed over seven newbuildings.
As a result of the faltering market, the company booked anet loss of CNY 1.3bn ($212.35m) compared to a net profit of CNY 215.8m in thefirst half of 2012.
Revenue tumbled by over 70% to CNY 1.58bn
