Samudera Shipping saw its profit for 2015 slashed by more than 70% as the company seeks to survive in a difficult environment.
The Indonesian owner booked earnings of $4.1m for the year, compared to $14.5m in 2014.
It came on revenue of $317.7m, which was lower 12.8% year-on-year due to lower contribution from all of its operating segments.
Samudera explained that revenue from its bulk and tanker business fell by 20.7%
