Pacific Radiance has posted a fourth quarter loss of $306m on the back of vessel impairments of $272.1m, figures release Friday show.
Despite this the company posted a 57% year-on-year increase in revenue to $18.9m, while costs only crept up 6% to $28.2m.
The impairments also pushed the Singapore-listed company to a full-year loss of $343.1m
